Insurance House P.S.C. recorded a year-on-year increase of 39% in gross premiums written to 58 million U.A.E. dirhams ($16 million) in the half year of 2014, Emirates 24/7 reported.
The insurer's net profit during the period reached AED 4.21 million ($1.1 million). “Going forward, profits from core insurance activities will be driven by periodical fine tuning of our risk underwriting guidelines and through enhanced claims management,” said Ahmad Idris, chief executive of Insurance House.