United Arab Emirates: Top 5 insurance companies per 2017 turnover

Figures in thousands

	2017 turnover		2016 turnover		2017 shares	2016-2017 ⁽¹⁾ evolution
	In AED	In USD	In AED	In USD	2017 shares	2016-2017 ⁽¹⁾ evolution
Daman National Health ⁽²⁾	5 504 848	1 498 860	5 235 261	1 425 666	12.28%	5.15%
Orient Insurance	4 026 961	1 096 461	2 673 121	727 944	8.98%	50.65%
Oman Insurance Company	3 718 241	1 012 403	3 555 282	968 174	8.30%	4.58%
ADNIC	2 643 297	719 717	2 375 475	646 889	5.90%	11.27%
Emirates Insurance	1 077 434	293 364	1 021 859	278 273	2.40%	5.44%
Total top 5 companies	16 970 781	4 620 804	14 860 998	4 046 947	37.86%	14.20%
Rest of the market ⁽³⁾	27 853 447	7 583 937	25 148 153	6 848 345	62.14%	10.76%
Total market ⁽⁴⁾	44 824 228	12 204 741	40 009 151	10 895 292	100%	12.03%

⁽¹⁾ Growth rate in local currency
⁽²⁾ Source Al Bayan
⁽³⁾ 57 companies
⁽⁴⁾ Source: Emirates Insurance Association
Exchange rate as at 31/12/2017 : 1 AED = 0.27228 USD; at 31/12/2016 : 1 AED = 0.27232 USD.

Read also | UAE: Ranking of insurance companies

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Mon, 28/01/2019 - 17:51

United Arab Emirates: Top 5 insurance companies per 2017 turnover

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