Best’s Market Segment Report: Intense Price Competition Erodes Profitability of United Arab Emirates-listed Insurers in 2022
2023-03-09
LONDON — The insurance market in the United Arab Emirates reported a marked deterioration in underwriting profitability in 2022. In AM Best’s opinion, this largely reflects the highly competitive market conditions and continuous pricing pressures, particularly in the core motor and medical lines, which account for a large proportion of retainedContinue Reading
