Investigating Growth Indicators for Insurance Companies in UAE before recession (Comparative Study)
Abstract
Insurance Companies provide coverage in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. Insurance as an industry involves pooling funds
from many insured entities (known as exposures) to pay for the losses that some may incur. Insurance as
a financial intermediary is a commercial enterprise and a major part of the financial services industry. The Growth of insurance companies usually measured through certain Indicators such as the increment percentage in: net profit, total premium written, shareholders equity, total assets, net underwriting income, and net investment.
Insurance industry established in UAE at early 70th of the last century (the first insurance company was El Sharjah Company which established at 1970). Now (after almost 40 years) there are more than sixty insurance companies playing a crucial role in both the UAE financial market and society.
In this article the net profit, and total premium written growth indicators will be investigated for a selected group of insurance companies in UAE. Using the descriptive statistical tools, the graphical presentations and the control chart, a comparative study is performed among the selected group of insurance company based on the discussed indicators to evaluate their financial performance during the period of study.
Copyright & License
All Research Plus Journals (RPJ) publish open access articles under the terms of the Creative Commons Attribution (CC BY-SA 4.0) https://creativecommons.org/licenses/by-sa/4.0/ License which permits use, distribution and reproduction in any medium, provided the original work is properly cited & ShareAlike terms followed.
Copyright on any research article in a journal published by a RPJ is retained by the author(s). Authors grant RPJ a license to publish the article and identify itself as the original publisher. Upon author(s) by giving permission to RPJ either via RPJ journal portal or other channel to publish their research work in RPJ agrees to all the terms and conditions of https://creativecommons.org/licenses/by-sa/4.0/ License and terms & condition set by RPJ.
3rd party copyright
It is the responsibility of author(s) to secure all necessary copyright permissions for the use of 3rd-party materials in their manuscript.
Disclaimer
Research Plus Journals Open Access articles posted to repositories or websites are without warranty from RPJ of any kind, either express or implied, including, but not limited to, warranties of merchantability, fitness for a particular purpose, or non-infringement. To the fullest extent permitted by law RPJ disclaims all liability for any loss or damage arising out of, or in connection, with the use of or inability to use the content.
