UAE:Insurance market expected to face challenges due to rising credit risk

By MEIR team | 07 Oct 2024

United Arab Emirates Takaful Life & Health Property & Casualty Financial Performance

The combined insurance revenue of listed companies and foreign branches saw a 19% surge to AED42.4bn in 2023, compared to AED35.5bn in 2022, under IFRS 17, according to an analysis by Badri Management Consultancy, an international company offering actuarial services, financial services, Strategic HR consulting, data management and business intelligence.

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