UAE premium growth shifting away from commercial sectors – S&P
A ratings agency report on the United Arab Emirates shows insurance penetration in the region is still growing, with geographical distribution similar to previous years, premium growth has shifted to the personal/retail sectors from commercial sectors reflecting a slowdown in shipping and construction industries.
Premium growth in 2009 exceeded the inflation rate and reflected the growing penetration of insurance into UAE society; the expansion of compulsory health, particularly in Abu Dhabi; and, to some
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