ACE holding News

01 I 08 I 2016

The profits of insurance companies listed on the Abu Dhabi Securities Exchange increased to AED336.6 million (US$91.6 million) for the first half of the current year, 37% higher compared to AED245.5 million during the corresponding period last year. Insurance...

01 I 08 I 2016

The Ministry of Interior has announced the development of its online portal system - Markabati - which provides users with all related vehicle services, including insurance claims, documentation and car repairs.

 
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01 I 07 I 2016

Premiums rose 10% for the first quarter of 2016 to SAR11.3 billion (US$3 billion), compared to the corresponding quarter in 2015. The increase was driven mainly by vehicle insurance where premiums surged by 25.8% in 1Q. The share of motor insurance rose to 38% of...

01 I 07 I 2016

The insurance market grew by 7% during Q1 2016 with total written premiums reaching US$337.7M, compared to the corresponding quarter last year. Growth during the quarter was varied with the transport, property and miscellaneous insurance branches showing a decline,...

07 I 01 I 2015

The UAE insurance market has seen total premiums cross the AED33-billion (US$9 billion) mark last year for the first time, compared to AED29.5 billion for 2013, according to the director of the UAE Insurance Authority,...

27 I 12 I 2014

Most insurers rated by A.M. Best that are domiciled in the Middle East are adequately capitalised and well-positioned to absorb the impact that lower oil prices will have on the insurance sector, including lower-than-...