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FINANCIAL NEWS
UAE’s insurance premiums up 12.2 percent in 2013
14 Jul 2014
(MENAFN) Written premiums of all types of insurance were estimated at USD 8.029 billion in 2013 in the UAE, posting a 12.2 percent rise compared to 2012, according to the Emirates 24/7.
Sultan bin Saeed Al Mansouri, Minister of Economy, and Chairman of the Board of Directors of Insurance Authority, said: “This fact ascertains standing of this important sector and the vital roles it plays in the national economy due to the huge amount invested therein which amounted during the year 2013 AED 37.8 billion out of which 57.4 per cent investments in shares and bonds and 26.5 per cent investments in deposits.”
However, he said that the total equities of the national insurance companies reached USD4.76 billion.
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