Al Bayan reported on February 25 that credit rating agency Standard & Poor's noted that, driven by the implementation of mandatory health and motor insurance, total revenue of UAE listed insurers grew 16% in 2017 to AED 22 billion (about $6 billion).

        Standard & Poor's said insurers' revenue growth benefited from the use of actuarial pricing and actuarial validation techniques in motor and health insurance, as well as minimum coverage limits for motor insurance. Stock market profits rose 61% and net income rose 45%. The UAE insurance market remains highly concentrated, with the top five insurers holding a combined market share of 59% in 2017.

Source: Ministry of Commerce website  2018-02-26