United Arab Emirates insurance market: 2011-2012 results

UAE insurance market 2011-2012: Turnover per company and per class of business

in thousands USD

	2011	2012	2011-2012 evolution	2012 shares
National companies
Accident and third party liability	1 587 851	1 590 333	0.2%	22.2%
Fire	484 436	442 722	-8.6%	6.2%
Marine ¹	495 931	463 902	-6.5%	6.5%
Miscellaneous accident	131 991	146 008	10.6%	2%
Health	1 271 738	1 372 890	8%	19.2%
Total non life	3 971 947	4 015 855	1.1%	56.1%
life	381 193	491 783	29%	6.9%
Total national companies	4 353 140	4 507 638	3.5%	63%
Foreign companies
Accident and third party liability	576 054	585 956	1.7%	8.2%
Fire	200 056	215 932	7.9%	3%
Marine ¹	139 283	168 091	20.7%	2.4%
Miscellaneous accident	83 019	148 679	79.1%	2.1%
Health	265 824	396 701	49.2%	5.5%
Total non life	1 264 236	1 515 359	19.9%	21.2%
life	896 657	1 130 560	26.1%	15.8%
Total foreign companies	2 160 893	2 645 919	22.4%	37%
National and foreign companies
Total non life market	5 236 183	5 531 214	5.6%	77.3%
Total life market	1 277 850	1 622 343	27%	22.7%
Grand total life and non life	6 514 033	7 153 557	9.8%	100%

¹ including aviation, marine and inland transportation

in thousands USD

	2011	2012	2011-2012 evolution	2012 shares
Oman Insurance	637 625	665 203	4.3%	14.8%
Daman National health	586 000	632 000	7.8%	14.0%
ADNIC	562 529	625 954	11.3%	13.9%
Salama	617 596	515 239	-16.6%	11.4%
Arab Orient	344 518	381 186	10.6%	8.4%
Emirates Insurance Co.	175 165	175 661	0.3%	3.9%
Al Buhaira	170 696	152 253	-10.8%	3.4%
Dubai Islamic Insurance & Reinsurance (Aman)	138 964	134 457	-3.2%	3.0%
Al Ain Ahlia	137 180	125 839	-8.3%	2.8%
National General Insurance	118 530	122 215	3.1%	2.7%
Total of the top ten national companies	3 488 803	3 530 007	1.2%	78.3%
Rest of the national market ¹	864 337	977 631	13.1%	21.7%
Total of the national market	4 353 140	4 507 638	3.5%	100%

¹ 22 companies Source: Al Bayan magazine and the companies’financial reports

UAE: Market shares of the main national insurance companies in 2012

in thousands USD

	2011	2012	2011-2012 evolution	2012 shares
National companies
Accident and third party liability	732 659	922 136	25.9%	22.3%
Fire	255 176	388 089	52.1%	9.4%
Marine¹	142 291	135 624	-4.7%	3.2%
Miscellaneous accident	70 807	44 426	-37.3%	1.1%
Health	1 010 883	1 156 062	14.4%	27.9%
Total non life	2 211 816	2 646 337	19.6%	63.9%
life	147 510	214 098	45.1%	5.2%
Total national companies	2 359 326	2 860 435	21.2%	69.1%
Foreign companies
Accident and third party liability	239 025	302 110	26.4%	7.3%
Fire	101 000	215 158	113%	5.2%
Marine¹	66 912	77 969	16.5%	1.9%
Miscellaneous accident	46 541	174 355	274.6%	4.2%
Health	178 443	272 299	52.6%	6.6%
Total non life	631 921	1 041 891	64.9%	25.2%
life	210 672	237 548	12.8%	5.7%
Total foreign companies	842 593	1 279 439	51.8%	30.9%
National and foreign companies
Total non life market	2 843 737	3 688 228	29.7%	89.1%
Total life market	358 182	451 646	26.1%	10.9%
Grand total life and non life	3 201 919	4 139 874	29.3%	100%

¹ including aviation, marine and inland transportation

Exchange rate as at AED/USD au 31/12	2011	2012
Exchange rate as at AED/USD au 31/12	0.2723	0.27226

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Mon, 21/07/2014 - 09:31