The insurance market in the United Arab Emirates continued its revenue momentum in 2018, marking its second consecutive year of ample profits.

AMBEST's analysis of the initial disclosures of the national insurance companies listed in Abu Dhabi Securities Market (ADX) and Dubai Financial Market (DFM) showed the presence of Significant improvements in insurance and overall performance, along with modest growth in insurance premiums.

The AM profits in its research issued under the title of National Insurance Companies Profits continue to rise in the United Arab Emirates, which Namazone has shared with a copy of it, that the total profits of insurance for companies The insurance listed in the United Arab Emirates witnessed in 2018 a slight decrease of 1.7 per cent to reach 1.7 billion dirhams. However, the net profit showed a strong increase, increasing by 6.4% to reach AED 1.4 billion.

Commenting on the report, Salman Siddiqui, Assistant Director of the Analytics Department, stated that insurance revenues continue to benefit from improvements in the areas of pricing and insurance discipline as a result of regulatory changes in 2017 in Major business lines for vehicle and medical insurance.

< AM Best also indicates that the insurance policies subscribed to in 2017 continued to benefit from the results of 2018, positively contributing to technical revenues.