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Platform delivers underwriting capabilities, powered by AI, to accelerate growth in the Gulf
Surge highlights the center's pivotal role in the insurance sector amid global challenges
Agreements focus on transportation, health, and education
Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness
The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration
64 percent of insurers expect higher medical trends worldwide over next three years
The basic insurance package costs AED320 per year and covers individuals aged 1 to 64 years
The association will enhance collaboration, standards, and practices in the insurance industry
Global gross written premiums totaled about $6.78 trillion at the close of 2022
The total number of insurance policies written across all types in the UAE surged to 14.6 millionÂ
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and financeÂ
This increase was primarily driven by significant rises in property and liability insurance premiums
