Islamic life and health takaful provider Takaful Emarat, has posted a net comprehensive income reaching AED7m ($1.9m) for 2020, compared to an AED37.8m loss recorded in 2019 and profits of AED14m in 2018.
Sheikh Mohammed bin Rashid, the Prime Minister and ruler of Dubai, has unveiled the Dubai 2040 Urban Master Plan which focuses on the sustainable urban development of the emirate and aims to increase the resident population to 5.8m then from 3.3m today.
The Emirates Insurance Association has confirmed that it will present a proposal for an electronic link between insurance companies and vehicle licensing authorities, so as to enhance traffic safety.
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has announced that its membership of the World Alliance of International Financial Centres (WAIFC) has been unanimously approved.
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurers, has approved the distribution of 35% cash dividends (AED0.35 per share [$0.095]).
The board of directors of Dubai Islamic Insurance & Reinsurance Company (AMAN), the pioneering UAE takaful provider, has proposed the company's first cash dividend in 10 years.
Motor insurance premium rates are still at low levels currently in light of intense market competition that has allowed drivers who cause accidents and who have filed claims to enjoy low prices when renewing auto insurance policies, according to insurance brokers.
The population of Dubai reached 3.41m at the end of 2020, increasing by 55,300 from the end of 2019, representing a growth rate of 1.63%, according to a statement by Dubai Statistics Centre.
The audited net profit of Dubai-listed Islamic Arab Insurance Company (SALAMA) stood at AED157.04m ($42.76m) in 2020, more than 2.5 times the AED59.82m posted for 2019, according to a company statement.
UAE-founded, Swiss-based InsurTech company Virtual i Technologies currently derives 25% of its total sales from the Middle East, according to Ms Nina Bratfalean, the company's CEO.