Milliman：2020年阿联酋保险业报告（英文版）（11页）.pdf

1、Despite COVID-19, UAE Insurance industry stays resilient and records profit increase for fourth consecutive year.A E . M I L L I M A N . C O MUAE INSURANCE INDUSTRY REPORT 2020 MA R KET MO NITO R - U A E(BA S ED ON P R E LIM INARY RESUL TS)Graph 1 Gross Written Premium (AED Billions) The Gross Writt

2、en Premium, Net Profit, and the Shareholders Equity for the 30 listed insurance companies are shown in Exhibit 1.The other 32 companies operating in UAE are not listed and hence excluded from this report.15 of the 30 companies showed an increase in GWP in 2020 over 2019. Orient Insurance Company and

3、 Abu Dhabi National Insurance Company both continued to retain top two positions respectively.Market had a smaller growth in 2020 compared to 2019. This is primarily due to the impact of COVID-19 leading to discounts on premium. Despite that, the market still grew modestly showing the resilience of

4、the UAE Insurance industry. The UAE insurance market continued its trend for the fourth consecutive year with an overall increase in their profitability along with a premium growth in 2020. Based on the preliminary disclosures (21 companies) and audited reports (9 companies) of the UAE insurance com

5、panies listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), the Gross Written Premium (GWP) grew by 2.8% to AED 24.4b during 2020 following an increase of 8.5% in 2019. The premiums show an increase primarily because of the high volume of insurance business written in

6、the first quarter of 2020 and general inflation in premiums especially related to medical premiums. However, the increase in premiums has been lower as compared to 2019 because of the COVID-19 Pandemic impacting Q2 and Q3 in particular compounded with various discounts offered by the insurers during