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FINANCIAL NEWS
UAE’s insurance market to witness strong demand
22 Nov 2011
(MENAFN) Insurance House (IH) General Manager, Mohammad Othman, said that as a result of increasing population and economic stability, over the coming few years, the UAE’s insurance market would be expected to witness greater demand, reported Gulf News.
Othman added that the country’s insurance market would introduce new and customized insurance products to a wide range of customers through a planned and a strong branch expansion strategy.
On the other hand, Zurich’s General Insurance division in the Middle East CEO, Maroun Mourad, said that over the coming 4 years, the UAE insurance market would grow 20 percent on a yearly basis to exceed USD17 billion in total premium income by 2015.
It is worth noting that IH plans to open a branch in Sharjah the next month, in addition to several other branches in other emirates in the UAE to cover the entire country due to a surge in demand.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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