Takaful and conventional GWP in insurance market UAE 2017-2018

In 2017, the GWP for Takaful companies was valued at about 3.7 billion United Arab Emirates Dirham in the UAE, which was an increase to the previous year. Takaful companies had low GWP values than conventional companies.

Takaful and conventional companies gross written premium (GWP) in the United Arab Emirates (UAE) insurance market between 2017 and 2018 (in billion United Arab Emirates Dirham)*

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Source

Release date

April 2019

Region

United Arab Emirates, MENA

Survey time period

2017 to 2018

Supplementary notes

*Note: 1 AED (United Arab Emirates Dirham) equals approximately 0.27 U.S. dollars and 0.24 euros (as of August 2019).

Note: Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage.

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Statistics on "Insurance industry: GCC"

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