Takaful drives insurers' premiums in UAE

Posted On: Apr. 2, 2019 5:47 AM CST

U.S.-based Milliman, Inc. said that U.A.E-based insurers' gross written premiums grew marginally by 0.5% year over year to nearly 22 billion United Arab Emirates dirhams ($6 billion) in 2018 driven by takaful sector, Zawya reported. The consultancy firm said that takaful insurers' premiums grew 6% to AED 3.7 billion.