Market Monitor UAE: Preliminary insurance disclosures, 2017

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By Safder Jaffer, Asad Irshad | 21 February 2018
The United Arab Emirates insurance market enjoyed record profitability and strong premium growth in 2017. The growth was primarily driven by regulatory changes that increased motor tariffs and DHA mandated medical coverage for the remaining spectrum of insureds in the Emrirate of Dubai. These 2017 trends also contributed to a return to profitability for Takaful operators.