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UAE insurers’ premiums up nearly 7%

Posted On: Mar. 29, 2023 9:11 AM CST

Data from the Central Bank of the UAE showed that local insurers’ gross written premiums increased 6.5% year-on-year to 47.2 billion United Arab Emirates dirham ($12.8 billion) in 2022, Middle East Insurance Review reported. The increase in premiums was mainly driven by a 14.8% year-on-year growth in property and liability insurance premiums to AED17.8 billion.