Abu Dhabi – Mubasher: Four companies, operating in the insurance brokerage field in the UAE, are considering a merger to form an entity under one legal umbrella, Al Khaleej quoted sources as saying.
The new entity will be formed early 2018, sources expected.
The merger will lead to a decline in costs of every insurance policy sold.
In 2016, UAE-listed insurance companies turned profitable and generated AED 1.15 billion on the back of strong revenues and government decisions.
