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UAE insurance firms’ profits hit $381m in 2017The combined annual profit of the insurance companies listed on the UAE financial markets for 2017 surged to Dh1.4 billion ($381 million) from Dh900 million in 2016, a media report said. The growth is attributed to hiking premiums More… |
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UAE listed insurance firms post $208m profit in H1Net profits of 28 insurance companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) surged 34.2 per cent during the first half (H1) of the year to Dh764 million ($208 million) against Dh569 million during H1 2016 More… |
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Insurance CFOs ‘positive on increasing profitability’More than half of the chief financial officers (CFOs) of 15 GCC insurers expect the growth in their company's operating profit to be moderate or high, said Moody's Investors Service in a new report. Although Moody's sh More… |
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Bahrain sets minimum standards for insurersThe Central Bank of Bahrain (CBB) has become the first regulator in the Middle East to set a minimum qualification bar for representatives of insurance companies to practice in the Kingdom. The CBB resolution is aimed at strengthening the More… |
