Promising results for the market

According to a report from the Ministry of Economy, the insurance sector has been in good shape in 2006. The premium volume amounted to 10.312 billion AED (2.8 billion USD). The local companies contribute to 23.7% of the amount while foreign ones with 76.3%. The market accounts for 48 operators scattered in two among national and foreign companies. The sector employs 4850 staff members, 343 of whom are nationals, that is, a rate of 7%.