UAE insurers back in black: AM Best

The United Arab Emirates (UAE) insurance market returned to
profit in 2016 after taking an aggregate market loss of $39mn in
2015.
According to an AM Best report that analysed the results of 29
listed Emirati carriers, UAE insurers made an aggregate profit of
$252mn in 2016, a "stark contrast" to the previous
year.
Insurers in the UAE have faced mounting regulatory
pressure, with many carriers strengthening reserves. The Gulf
region has also experienced economic volatility since late 2014
caused