Search Site

Trends banner

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

UAE insurance sector assets rise US$3.1bn in 9M 2023

In 2021, the UAE remained the leading Arab insurance market in terms of total subscribed premiums. (WAM)
  • Central Bank of the UAE data shows that assets rose 3.05 percent from US$1 billion to US$ 34.7 billion between Q2 and Q3 of 2023.
  • The UAE's leadership position within the Arab insurance landscape is further solidified by its consistent ranking among the top global performers.

ABU DHABI, UAE – The UAE insurance sector continues to exhibit robust growth, as evidenced by a 9.6 percent increase in total assets during the first nine months of 2023, reaching US$35.8 billion (AED 131.6 billion) by the end of the third quarter.

This translates to an impressive US$3.1 billion (AED 11.5 billion) increase in assets compared to the year-end 2022 figure of US$32.7 billion (AED 120.1 billion).

The data from the Central Bank of the UAE shows that quarter-on-quarter performance remains equally positive, with assets rising 3.05 percent (from US$1 billion AED 3.9 billion) to US$ 34.7 billion (AED 127.7 billion) between Q2 and Q3 of 2023.

This sustained growth signifies a thriving and dynamic insurance market in the UAE.

The UAE’s leadership position within the Arab insurance landscape is further solidified by its consistent ranking among the top global performers.

In 2021, the UAE remained the leading Arab insurance market in terms of total subscribed premiums.

Additionally, the country climbed one position in the global ranking, reaching 37th place, according to data from Swiss Re Insurance Institute’s Sigma releases.

These statistics underscore the resilience and dynamism of the UAE insurance sector, poised for continued expansion and solidifying its position as a regional powerhouse and a key player on the global stage.