UAE insurance market: Q3 2020 results

According to data published by Badri Management Consultancy (BMC), the Emirati insurance market recorded a 3.2% turnover increase in the first nine months of 2020.

The premiums recorded by the 29 listed insurers rose from 18.8 billion AED (5.11 billion USD) as at 30 September 2019 to 19.4 billion AED (5.28 billion USD) twelve months later.

During the period under review, the net profit generated by the insurers amounted to 1.6 billion AED (435.55 million USD): an increase of 23% compared to one year earlier.