The annual report issued by the UAE's Ministry of Economy and Planning about the insurance sector's activities reveals that the insurance sector had pumped Dh 12 billion worth of investments into the local economy in 2004.
This huge sum was invested in the form of securities and bonds (53.9%) in addition to banking deposits (36.4%), Khaleej Times reported. Meanwhile, the annual report indicated that the total subscribed insurance premiums in the UAE hit Dh 5.7 billion in 2004.
