Business Services Industry
LIFE INSURANCE MARKET GROW BY 20%
Info-Prod Research (Middle East), May, 2009
According to Al-Khaleej newspaper (May 7, 2009), addressing Insurex 2009, Fareed Lutfi, Secretary General of Emirates Insurance Association, said that the Life insurance market in the UAE is expected to grow at least by 16-20 per cent annually until 2012, despite underdevelopment of its financial infrastructure for life insurance, the legal framework and the bureaucracy.
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