Insurance, encouraging growth prospects

United Arab Emirates concentrate 45% of the 14.7 billion USD of the premiums generated in all Gulf Council countries. After years of moderate growth due to the global crisis, the development of insurance in the UAE is poised to be comprised between 15% and 18% in 2013. Market growth would be slightly more than 10% in 2012. Life insurance, which accounts for only 15% of the premiums volume, is dynamic even though its penetration rate and average premiums are low. The non-life insurance should, in turn, benefit from the economic revival.