Abu Dhabi – Mubasher: The UAE’s insurance premiums rose 10.2% to AED 37 billion in 2015, compared to AED 33.5 billion, according to Sultan bin Saeed Al-Mansouri, Minister of Economy and Chairman of the Insurance Authority.
Investments in the sector amounted to AED 45.7 billion in 2015, of which 60.5% is invested in stocks and bonds, and 20.7% in deposits. In addition, shareholders’ total equity in the national insurance firms reached AED 17.5 billion.
Gross written premiums for the insurance of persons and fund accumulation operations classes amounted to AED 9.5 billion, while gross written premiums for the property and liability insurance classes reached AED 27.5 billion.
Gross earned premiums for the property and liability insurance classes stood at AED 26.4 billion, while gross incurred losses for the property and liability insurance classes before deducing the reinsurers’ share reached AED 20.7 billion.
