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The first-half financials are in, and they look promising. Data from Badri Management Consultancy indicate that the UAE insurance sector is on the upturn despite the challenges that have come with regulatory changes, such as the transition to IFRS 17.
Overall revenue for the industry increased 15 per cent to Dh14 billion in H1-2023, while profit before tax grew a solid 6 per cent. These are numbers any CEO would be proud of, especially in a landscape that’s constantly shifting.
It’s not all rosy, of…
