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FINANCIAL NEWS
UAE insurance market grows 9.8% in 2009
19 Aug 2010
(MENAFN) A report issued by an insurance sector watchdog in the UAE said that the insurance market in the country grew 9.8 percent in 2009 reaching $5.4 billion premiums during the period, Khaleej Times reported.
The annual report issued by Insurance Authority said that gross written premiums in the property and causality segment rose 7.7 percent to $4.5 billion last year, compared with $4.2 billion in 2008.
The report reviewed the growing contribution of the insurance industry to the economy, which amounted to $6.4 billion in 2009 compared with $5.8 billion in the previous year.
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