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UAE insurance industry shows signs of growth and improvement: Fitch

February 21, 2024

In the latest report by Fitch Ratings, the insurance industry in the United Arab Emirates (UAE) is depicted as steadily advancing, with notable improvements in various sectors.

Despite facing challenges in 2022, particularly in the motor insurance segment, the industry is poised for growth and enhanced profitability in the coming years.

Motor insurers experienced significant losses in 2022 due to various factors including high commission expenses and low premium rates.

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