UAE:Local insurers contribute 80% of total net profits

14 Jul 2019

United Arab Emirates Life & Health Property & Casualty Financial Performance

The total net profit of all insurance companies operating in the UAE for 2018 stood at about AED2bn ($544m) with locally owned insurers accounting for 80% of the total and foreign-owned insurers, 20%, according to the annual report of the UAE Insurance Authority.

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