UIC Acquires 44% Market Share
The (UIC) continued to lead Yemen's insurance market with latest market figures showing the company controlling 44% of GWP in 2011. UIC also writes over 50% of the market’s fire, marine, and life businesses.
General Manager Tarek Hayel Saeed said that these figures confirm the strategy pursued by UIC for nearly 30 years. He added that the UIC management was keen to keep pace with the progress taking place across the world to ensure the provision of enhanced services and to maintain its leading and pioneer role in the yemeni insurance sector.
