About this document
4 1 24 Milliman Insurance Industry Report Preliminary 2023 by sunithabarlota81 is a document available to read on EtoBox.
The UAE Insurance Industry Report for 2023 indicates significant growth, with insurance revenue increasing by 19.2% to AED 30.9 billion and net profits rising by 33.9% to AED 1,893.5 million compared to 2022. The transition to IFRS 17 has altered financial reporting, affecting key metrics such as total equity, which decreased by about 2% under the new standard. Overall, 17 out of 28 companies improved their net results, reflecting a robust market despite some companies reporting losses.
- Author
- sunithabarlota81
- Language
- EN