An 11.1% growth of the insurance market in 2013

According to the Insurance Authority, the UAE market generated a turnover of 8 billion USD for 2013, that is an increase of 11.1% compared to 2012 (7.2 billion USD).
Non life insurance monopolizes 76.3% of the market with 6.1 billion USD of premiums. The non life loss ratio amounted to 67.2% in 2013 against 68.1% in 2012.
Life insurance accounts for 1.9 billion USD of premiums (+18.75% compared to 2012), 23.7% of the total market.

As a reminder, the UAE market has 60 insurance companies, 34 national and 26 foreign.

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