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FinancialNews


  • 19-08-10

    UAE insurance market grows 9.8% in 2009

    (MENAFN) A report issued by an insurance sector watchdog in the UAE said that the insurance market in the country grew 9.8 percent in 2009 reaching $5.4 billion premiums during the period, Khaleej Times reported. The annual report issued by Insurance Authority said that gross written premiums in the property and causality segment rose 7.7 percent to $4.5 billion last year, compared with $4.2 billion in 2008. The report reviewed the growing contribution of the insurance industry to the economy, which amounted to $6.4 billion in 2009 compared with $5.8 billion in the previous year.

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