Magazine date:
Jun 2015 According to Sigma, the United Arab Emirates insurance market reported 9.106 billion USD of premiums, that is an increase of 13.34% compared to 2013.
Saudi Arabia, the second Gulf regional market has also achieved a double-digit growth.
The total premiums' volume went up from 6.731 billion USD in 2013 to 8.128 billion USD in 2014, an increase of 20.75%.
In both countries, non life insurance is driving the market. Saudi Arabia recorded 7.887 billion USD of non life premiums against 241 million USD for life insurance.
In the United Arab Emirates, non life premiums amounted to 6.906 billion USD while life premiums reached 2.200 billion USD.