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Dubai's per capita insurance spend fifth highest

Middle East News.Net
Monday 24th March, 2008 (IANS)

Per capita insurance spend in Dubai is the fifth highest in the emerging markets at 2,146 dirhams ($585).

'The average expenditure per person (spending) in Dubai on some kind of insurance reached $585 at the end of 2006,' the Gulf News quoted a spokesman of Swiss Re as saying.

'This is the fifth highest figure in emerging markets and higher than some European countries.'

According to the Emirates Insurance Association, the insurance density in the country, which was $456 in 2005, increased by 21.5 percent in the year that followed.

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