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United Arab Emirates tag returned 682 results

  • UAE: Watania posts 40% surge in net profit for 2020

    National Takaful Company (Watania) has announced a net profit of AED18.4m ($5m) in 2020, 40% higher compared to AED13.1m in 2019.

    Middle East | 09 Mar 2021
  • UAE: Insurance market will likely remain highly profitable

    While there could be some rate increases for motor policies in the second part of the year and for certain reinsurance lines, GWP growth in the UAE insurance market will likely remain relatively flat in 2021, due to economic uncertainty and a decline in the expat population in Dubai and other emirates in 2020-2021, says S&P Global Ratings in a new report.

    Middle East | 25 Feb 2021
  • UAE: Etihad Credit Insurance undergoes rebranding exercise

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, has launched its new brand logo and website in a bid to reflect its staunch commitment to continuously integrate innovation in accelerating and sustaining the national economic diversification of the country.

    Middle East | 24 Feb 2021
  • UAE: Motor insurance prices expected to continue to fall in 1Q

    Motor insurance premium rates are expected to fall further in the first quarter of this year, continuing a decline which started since the onset of the COVID-19 pandemic last year, according to Mr Frank Heimburger, chief personal lines officer at AXA Gulf.

    Middle East | 21 Feb 2021
  • UAE: Oman Insurance says it achieves its highest-ever customer satisfaction score

    One of the largest insurers in the UAE, Oman Insurance Company, has announced that it has attained its highest customer satisfaction score to date, with 87% of its customers being satisfied or very satisfied with its services.

    Middle East | 21 Feb 2021
  • UAE: Listed insurers post higher net profits in 2020 despite COVID-19

    Listed insurance companies in the UAE demonstrate resilience by closing 2020 with a laudable growth in profits of 9% from 2019. The total profits for 2020 stood at AED1.7bn ($462.8m) in contrast to AED1.6bn in 2019, according to an analysis by Badri Management Consultancy, an actuarial consulting company.

    Middle East | 18 Feb 2021
  • UAE: ADNIC sees growth of over 30% in net profit in 2020

    Abu Dhabi National Insurance Company (ADNIC) has reported a net profit of AED371m for 2020, a 30.5% increase compared to the previous year, according to a statement issued by the company.

    Middle East | 16 Feb 2021
  • UAE: SALAMA's net profit for 2020 jumps by 128%

    Islamic Arab Insurance Company, listed as SALAMA on the Dubai bourse, increased its net profit by 127.6% to AED136.13m ($37.1m) for the financial year ended 31 December 2020, according to a company statement on its preliminary results. The company posted net profit of AED59.82m for 2019.

    Middle East | 15 Feb 2021
  • UAE: AMAN increases net profit attributable to shareholders by 117% in 2020

    Dubai Islamic Insurance & Reinsurance Company (AMAN) has reported a net profit attributable to shareholders of AED19m ($5.2m), an increase of 117% over 2019's net profit of AED 8.7m, according to a company statement on its preliminary financial results for the year ended 31 December 2020.

    Middle East | 15 Feb 2021
  • UAE: Oman Insurance achieves highest net profit in 5 years in 2020

    One of the UAE's biggest insurers, Oman Insurance, has improved on its net income, that reached AED196.5m ($53.5m) for 2020, 3% higher than the AED190.5m posted in 2019.

    Middle East | 14 Feb 2021