Market Monitor UAE: Preliminary insurance disclosures, April 2018

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By Safder Jaffer, Asad Irshad | 11 April 2018
The UAE insurance market enjoyed record profitability and strong premium growth in 2017. On a net profit basis, the industry continued to improve for the second year in a row achieving a net profit of AED 1,294m for 2017, compared to a net profit of AED 895m in 2016, an increase of 45%. Total GWP for Takaful operators now stands at AED 3.5b compared to AED 18.4b for traditional companies.