A 12% growth in premiums in 2014

According to the director of the insurance supervisory authority (UAE Insurance Authority), Ibrahim Obeid Al Zaabi, the Emirati insurance market recorded in 2014 a turnover of 33 billion AED ( 9 billion USD) against 29.5 billion AED (8.03 billion USD) in 2013, an increase of 12%.

I.O. Al Zaabi also reveals that the authorities is considering to introduce reforms in the motor third party liability insurance before July 2015. These reforms will solve the problems facing the motor insurance industry for many years.