A recently published study shows that the Arab insurance market consists of a total of 369 insurance companies—295 of which are nationally owned—and the remaining 74 are foreign companies. According to the London based Al-Sharq Al-Awsat, the value of the total subscribed insurance installments in the Arab world reached $5.205 billion in 1997.
The study also revealed the average income of the operating insurance companies in the Arab world to be $14 million per annum. –(MENA Report)
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