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Apr 2024

Would winds of change bring market discipline?

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Source: Middle East Insurance Review | Nov 2016

The results of the first half of this year for the 29 listed insurers in the UAE give hope that a correction is underway after several years of unhealthy and unprofessional practices. The listed operators’ GWP reached AED10.6 billion (US$2.9 billion), a 9% increase compared to the first half of last year. Meanwhile, net profits saw a 118% jump to AED573 billion.

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