The UAE market ranked first in the Arab region, in terms of total insurance premiums, which amounted to 12.7 billion dollars in 2019 (about 46.7 billion dirhams) with a growth rate of about 6.8%, according to the annual survey of Swiss Re-Insurance Company, according to another. The data collected by the company.
The Saudi market ranked second in the list of the largest markets in terms of total premiums, which amounted to about 10.9 billion dollars, followed by Morocco, about 4.6 billion dollars, and Egypt, 1.9 billion dollars.
Lebanon registered installments of $ 1.6 billion in fifth place, followed by Kuwait at about $ 1.3 billion, and Algeria and the Sultanate of Oman in the seventh and eighth ranks with about $ 1.2 and $ 1.1 billion each, respectively, and the Jordanian market in turn made installments worth $ 885 million against 830 million for Tunisia, which ranked tenth.
The Swiss company survey revealed that the UAE ranked fourth in terms of total premiums between emerging markets in the Middle East, Europe and Africa, outperforming Turkey, Iran, and many other markets.