23% YoY growth in underwriting volumes at DIFC, reaching USD 2.6bn in gross written premiums, and a 20% increase in insurance/reinsurance firm registrations.
Dubai International Financial Centre (DIFC) witnesses record 23% YoY growth in underwriting volumes, reaching USD 2.6bn in gross written premiums. DIFC consolidates its position as the principal hub for the (re)insurance industry, with a 20% increase in insurance and reinsurance firm registrations, including the first re-domiciliation of a Guernsey-based captive. DIFC strengthens its position as a top-tier global hub for Managing General Agents (MGAs), representing 43% of new registrations.
April 28, 2024
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