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Takaful insurers increase market share in UAE: AM Best

Posted On: Apr. 18, 2019 6:21 AM CST

Takaful insurance

U.S.-based ratings agency A.M. Best Co. Inc. said that U.A.E.-based takaful insurers increased their market share and accounted for 17% of total gross written premiums in 2018, Middle East Insurance Review reported. Takaful insurers' premiums grew nearly 6% year over year to 3.7 billion United Arab Emirates dirhams ($1 billion) while total insurance premiums remained nearly flat at AED 22 billion.

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