Some 19 out of 20 insurance companies, which announced their financial results of 2009 in Dubai Financial Market and Abu Dhabi Securities Exchange, have hit profits of Dh1,048.9million.
Though these profits were lower than the profits of 2008, when the same firms announced profits of Dh1,125.7million, 2009 was a difficult year as the impact of the global slowdown was very clear. Especially in areas that are critical to insurance sector, such as vehicle, marine transport and contracting.
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