DAMANA 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,...

08 I 01 I 2015

Several insurance companies are currently engaged in a fierce price war in the motor insurance sector, with premium rates often reaching levels too low to sustain technical profits. Differences in premiums charged by...

06 I 01 I 2015

 Employers in the UAE must supply retirement benefits as a component of remuneration packages to retain human resources, according to a senior executive at Zurich International Life. Employers ought to facilitate...