UAE Insurance Industry report: Final results for year-end 2022
Milliman’s 2022 year-end insurance industry report for the United Arab Emirates presents a comprehensive market overview, including developments and regulatory updates for the country. The report covers trends in metrics such as gross written premium (GWP), net profit, net profit ratio, shareholders equity, return on shareholder’s equity, and distribution of shareholder’s assets. The data is based on the audited disclosures of 28 UAE insurance companies listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).
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UAE Insurance Industry report: Final results for year-end 2022
Business volumes continued to increase as the economy continues its recovery from the pandemic; however profits reduced in 2022 compared to 2021 due to decrease in investment returns and higher expenses.