UAE insurers' profits on the rise for second straight year
The United Arab Emirates’ (UAE) insurance industry has posted a second consecutive year of bumper profits, according to an industry report. The UAE market’s momentum has continued throughout 2018, according to a report by insurance ratings agency AM Best, which analysed preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). The report indicated material improvements in overall performance, along with modest premium growth.