UAE:Dubai Insurance's strong profitability to receive boost from new worker-related insurance schemes

By MEIR team | 08 Dec 2024

United Arab Emirates Financial Lines Property & Casualty

Dubai Insurance Company (DIN), one of the UAE's biggest insurers, has a strong record of underwriting profitability and reported a net insurance service result of AED123m ($33.5m) in 2023 (2022: AED76m) and a combined ratio of 86% (2022: 80%) under IFRS17, says Fitch Ratings.

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