In 2012 Abu Dhabi’s insurance sector posted continued growth on the back of increased spending from consumers, corporations and the government. Across the UAE, gross written premiums (GWPs) reached Dh26.3bn ($7.16bn) in 2012, up 9.5% from 2011, according to the 2012 report from the UAE’s Insurance Authority (IA). The federation retained its...
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Articles & Analysis | Gaining ground: As the market rebounds, new segments and offerings are providing fresh potential from The Report: Abu Dhabi 2014
Interviews & Viewpoints | OBG talks to Tirad Al-Mahmoud, CEO, Abu Dhabi Islamic Bank from The Report: Abu Dhabi 2014
How has the government’s investment strategy, post-economic crisis, impacted the demand for sharia-compliant financial services?
Articles & Analysis | Back to basics: The industry is moving towards implementing improved risk assessment and regulation from The Report: Abu Dhabi 2014
With new leadership and a slate of reforms under discussion, the insurance regulator is ramping up efforts to manage and support the insurance sector. Since 2007, when the UAE’s Insurance Authority (IA) was established, the local industry has expanded at a steady clip. Gross written premiums (GWPs) for general insurance grew 37.9% in 2007, 30.7...
Articles & Analysis | The top five: The major banks have all been strong performers from The Report: Abu Dhabi 2014
FIRST GULF BANK (FGB): With assets of Dh182.9bn ($49.7bn) at the close of the first half of 2013, FGB is the third-largest bank in Abu Dhabi and the largest privately owned lender. Established in 1978, the historically retail-focused lender had developed a universal set of services,...
Interviews & Viewpoints | OBG talks to Sultan bin Nasser Al Suwaidi, Governor, Central Bank of the UAE from The Report: Abu Dhabi 2014
How is continued deleveraging and financial uncertainty in the eurozone impacting the sector?
