Insurance
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 million
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
This increase was primarily driven by significant rises in property and liability insurance premiums
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia
