$2bn UAE insurance premiums

13th Nov 2006, 08:19 GMT

Premiums underwritten by the UAE's insurance industry jumped 27.7% last year to $2bn according to figures released by the Ministry of Economy and cited by Gulf News. The general insurance sector witnessed the biggest growth with premiums increasing by 30.4% to $1.7bn. The insurance industry's investment portfolio was estimated at just under $5bn at the end of 2005. [AMEInfo.com]