Magazine date:
Feb 2017 According to preliminary data from the Insurance Authority in the United Arab Emirates, the insurance market grew by 18.9% according to the premiums written in 2016. The turnover rose thus from 37 billion AED (10 billion USD) in 2015 to 44 billion AED (12 billion USD) twelve months later.
As motor insurance, it recorded 6.46 billion AED (1.75 billion USD) in premiums, that is a 16% increase in comparison with the previous year. This class of business accounts for 15% of the market's overall underwritings.
* Growth rate in local currency
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