UAE Insurance Industry Update: Mid-year 2023

Our latest report on the United Arab Emirates provides a market overview, covers regulatory updates, and discusses the transition to International Financial Reporting Standard 17 (IFRS 17), which replaced this year IFRS 4 for the accounting and financial reporting of insurance companies. The discussion is organized as follows:  

• The transition to IFRS 17, from IFRS 4, as the new standard for accounting and financial reporting
• Market statistics, such as insurance revenue and net profit
• Regulatory updates, including business plans, actuarial reports, financial condition reports, and underwriting review and pricing reports
• Market developments and updates