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The UAE insurance market recorded a profit of 1.02 billion AED (277 million USD) during the first half of 2019 against 1 billion AED (272 million USD) in H1 2018, that is an increase of 2%.
According to Badri Management Consultancy, United Fidelity Insurance reported the highest profit growth with 125%. In contrast, Al Wathba National Insurance Co (AWNIC) saw its profit fall by 80%.
Of the 29 companies under review, only one insurer recorded losses in H1 2019 against three insurers in H1 2018.
The UAE insurance market recorded a profit of 1.02 billion AED (277 million USD) during the first half of 2019 against 1 billion AED (272 million USD) in H1 2018, that is an increase of 2%.
According to Badri Management Consultancy, United Fidelity Insurance reported the highest profit growth with 125%. In contrast, Al Wathba National Insurance Co (AWNIC) saw its profit fall by 80%.
Of the 29 companies under review, only one insurer recorded losses in H1 2019 against three insurers in H1 2018.