UAE insurance companies: the year 2017 looks promising

According to Mena Corp Financial Services, Emirates insurance companies are poised to achieve cumulative net profit of over 1.5 billion AED (408.5 million USD) in 2017, an increase of 30% in comparison with the 1.15 billion AED (313.2 million USD) in 2016.

This performance can be accounted for in part by the introduction in early 2017 of a health insurance obligation for foreign workers.

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• The insurance industry in the United Arab Emirates