UAE insurance market: H1 2019 results slightly increasing

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DubaiThe UAE insurance market recorded a profit of 1.02 billion AED (277 million USD) during the first half of 2019 against 1 billion AED (272 million USD) in H1 2018, that is an increase of 2%.

According to Badri Management Consultancy, United Fidelity Insurance reported the highest profit growth with 125%. In contrast, Al Wathba National Insurance Co (AWNIC) saw its profit fall by 80%.

Of the 29 companies under review, only one insurer recorded losses in H1 2019 against three insurers in H1 2018.

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Tue, 27/08/2019 - 12:35
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