Insurance

UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums

UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums

Global gross written premiums totaled about $6.78 trillion at the close of 2022

UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE

Banking & Finance

UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE

The total number of insurance policies written across all types in the UAE surged to 14.6 million

UAE banking sector demonstrates resilience with robust capital buffers, favorable liquidity conditions, says Central Bank

Banking & Finance

UAE banking sector demonstrates resilience with robust capital buffers, favorable liquidity conditions, says Central Bank

UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance

Gross written premiums rise 31.2 percent YoY in H1 2024 to $9.7 billion, reports UAE Central Bank

Banking & Finance

Gross written premiums rise 31.2 percent YoY in H1 2024 to $9.7 billion, reports UAE Central Bank

This increase was primarily driven by significant rises in property and liability insurance premiums

UAE’s Etihad Credit Insurance sees 21-fold growth in gross exposure over 5 years, reaching $2.6 billion

UAE’s Etihad Credit Insurance sees 21-fold growth in gross exposure over 5 years, reaching $2.6 billion

ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023

UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region

Banking & Finance

UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region

The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia

New UAE rule to register insured Emirati employees within 30 days of hiring

New UAE rule to register insured Emirati employees within 30 days of hiring

Penalty for non-compliance: AED200 per day of delay, multiplied by number of insured employees