Total profits of UAE insurance sector amount to AED2.5 billion in 2023: CBUAE

ABU DHABI, 2nd October, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) has announced that the total profits of the country's insurance sector amounted to AED2.5 billion in 2023, compared to AED1.96 billion in 2022. This increase was mainly driven by increase in net investment income of the insurance sector in 2023.

In its Annual Statistical Report for the Insurance Sector of the UAE 2023, the Central Bank adde