TIMMINT MI UAE Insurance Weekly Report

1. UAE INSURANCE
Weekly Report
Issue – 2014 Week 20
09 to the 15 of May, 2014

2. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
2
From:
TIMMINT
Market Intelligence
To:
Whom it may concern
Subject:
Weekly Status Report, UAE
Insurance Industry.
Issue Year 2014, Week 20
Report Sections Page
UAE INSURANCE
NEWS
2
ABU DHABI
INSURANCE INDEX
5
DUBAI INSURANCE
INDEX
6
ABU DHABI MARKET
PERFORMANCE
7
DUBAI MARKET
PERFORMANCE
9
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Disclaimer:
This report was prepared as an
account of work sponsored by the
Company. Certain information has
been obtained from published
sources and is given as of the dates
specified. All the information in this
publication is verified to the best of
the authors’ and publisher’s ability,
but neither the company nor the
Management Team makes any
warranty, express or implied, or
assumes any legal liability or
responsibility for the accuracy
completeness or the results of such
use of the information. All such
information is subject to change
without notice.
UAE INSURANCE NEWS
The new insurance plan
The “space industry”, which even in the 21st century can sound near-fantastical at first blush, is
in fact serious business. That much was clear from even the most cursory glance at the
programme schedule for the World Space Risk Forum, which concluded here on Thursday.
Over three days, forum participants heard about sources of capital for industry projects, their
20-year outlook, and even about strategic planning in the space insurance market. Talk of
“space insurance”, in particular, could make you wonder if we were finally on the cusp of seeing
the future arrive, and soon enough, we would be insuring our interests and possessions in outer
space as if they were household items or family cars.
Spurred by the UAE’s own all-Arab satellite project “Khalifa Sat”, launched by His Highness
Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and
Ruler of Dubai, Dubai and the UAE are poised to make the most of the industry’s future
potential.
Source: Khaleej Times
The TIMMINT Group is
specialized in providing
professional services to the
worldwide business
community.
Global Space
economy worth
$300 billion

3. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
3
UAE Online Job Postings in Healthcare Rise 21% In April
The steepest decline in online job postings was recorded in the UAE's IT/telecom sector, with
opportunities falling 17 per cent.
Online job postings in the UAE’s health care industry increased 21 per cent year-on-year in April
2014, the latest figures from the Monster Employment Index in the Middle East revealed.
The index, which is a monthly measure of online job activity, found that
occupations in the purchase/logistics/supply chain saw a year-on-year growth
of 26 per cent, with the strongest growing industries being Healthcare and
Banking, Finance, services and insurance, which both showed the strongest
employment growth at 21 per cent year-on-year.
This growth was due largely to the long-term ambitions in the sectors and the demand they are
currently experiencing, said Sanjay Modi, managing director, Monster.com for India/ Middle
East South East Asia.
More affordable treatment, lifestyle related diseases and increasing insurance penetration are
among factors set to increase the size of the GCC healthcare market to $69.4 billion by 2018,
according to Investment bank Alpen Capital’s analysis of the GCC healthcare industry. The study
projects that the market will grow by 12 per cent annually, from $39.4 billion in 2013.
Source: Gulf Business
Union Insurance Company Reports Net Profit of AED 60
Million for Q1 2014
Union Insurance Company, has announced its financial results for the first three months
ended March 31, 2014.
The company reported a net profit of AED60 million, an increase of more than 23-fold,
compared to AED2.5 million in the first quarter of 2013. Earnings per share are up from
Dhs0.008 a year earlier to AED0.181 at the end of Q1 2014.
Gross insurance premium rose by 45% to AED139.1 million as of 31/3/2014 compared to
AED96.2 million for the same period last year. Also, the company's total assets increased from
AED688 million at first quarter-end 2013 to AED878 million as of 31 March 2014.
Meanwhile, gross technical profit totaled AED18.9 million, up 51% compared to AED12.5 million
reported a year earlier. Union Insurance Company's robust financial results reflect the steady
growth in underwriting premium, improvement in claims and combined ratios, expansion of its
innovative solutions range as well as increase in investment income.
The company's financial stability was recently recognized by AM Best which assigned the
company a rating of B++ (Good) reflecting Union Insurance's solid risk-adjusted capitalisation
and strong track record of its senior management team.
Source: Zawya

4. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
4
Abu Dhabi National Takaful Company reports first quarter
2014 financial results
Abu Dhabi National Takaful Company P.S.C (“TAKAFUL”), the leading operator in the insurance
industry of the United Arab Emirates and the Middle East, announced today its financial results
for the period ended 31 March 2014, reporting a continued growth in net profit.
(“TAKAFUL”) posted a profit for the period ended 31 March 2014 of AED 10.3
million compared to AED 9.9 million for the period ended 31 March 2013, which
reflects a growth of 4%. In addition, Takaful realised an underwriting profit of
AED 8.6 million for the period ended 31 March 2014 compared to AED 8.8
million for the period ended 31 March 2013.
Commenting on the results, H.E. Khadem Al Qubaisi Chairman of Abu Dhabi
National Takaful Company P.S.C (“TAKAFUL”) said, “Takaful has achieved good
results for the first quarter of 2014 by executing its successful strategy in underwriting
business and evaluating risks”.
Mr. Osama Abdeen, Chief Executive Officer of Abu Dhabi National Takaful P.S.C(“TAKAFUL”)
commented, “We are pleased to release “Takaful” financial results for the first quarter of 2014.
Abu Dhabi National Takaful Company P.S.C (“Takaful”) realized a profit of AED 10.3 million
compared to AED 9.9 million for the corresponding period of 2013.
This has been accomplished by executing our strategy, diversification of our portfolio mix and
implementing sound underwriting policy. Speaking of which, and despite the continuous drop in
market technical rates, we have maintained an underwriting profit of AED 8.6 million for the
period ended 31 March 2014 compared to AED 8.8 million for the period ended 31 March 2013.
Our successful performance is an outcome of the trust of our shareholders and customers in the
United Arab Emirates and our commitment to provide to our customers the best Sharia’a
compliant insurance experience with competitive services and benefits”.
Source: Ameinfo
Profit 31 March
2014 AED 10.3
million
Profit 31 March
2013 AED 9.9
million

5. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
5
ABU DHABI INSURANCE INDEX
Insurance Sector Performance:
The chart for Abu Dhabi Insurance Index illustrates the global performance of all Abu Dhabi insurance companies in the stock
market for a period of one year, showing a year to date change of (4.74%)
Insurance Index - Year to Date Figures
Index as of 31 Dec Current Index YTD Change Indicator % Change
2,309.06 2,418.44 109.38 4.74%
Insurance Index (one year)
--- Abu Dhabi Insurance Index (ADII)
Insurance Index (last month)
--- Abu Dhabi Insurance Index (ADII)
AD Insurance vs. General Index (one year - %)
--- Abu Dhabi Insurance Index (ADII)
--- Abu Dhabi Index (ADI)
AD Insurance vs. General Index (last month - %)
--- Abu Dhabi Insurance Index (ADII)
--- Abu Dhabi Index (ADI)

6. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
6
DUBAI INSURANCE INDEX
Insurance Sector Performance:
The chart for Dubai Insurance Index illustrate the global performance of all Dubai insurance companies in the stock market for a
period of one year, showing a year to date change of (0.57%)
Insurance Index - Year to Date Figures
Index as of 31 Dec Current Index YTD Change Indicator % Change
2,402.31 2,415.91 13.60 0.57%
Insurance Index (one year)
Insurance Index (last month)
DFM Index (one year)
DFM Index (last month)
Insurance Index - 52 Weeks Price
High Date Low Date Current Price
2,787.53 21/1/2014 1,950.00 8/9/2013 2,415.91

7. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
7
ABU DHABI MARKET PERFORMANCE
The table hereunder reflects the performance of the 17 listed insurance companies in Abu Dhabi stock market during the week:
Companies
Previous
Closing
Close High Low
Price Change No. of
Trades
Volume Value
Value %
Abu Dhabi National Takaful Co. PJSC 7.20 - - - - - - - -
Abu Dhabi National Insurance Co. 6.30 - - - - - - - -
Al Ain Al Ahlia Insurance Co. 45.00 - - - - - - - -
Al Buhaira National Insurance Company 2.85 - - - - - - - -
Al Dhafra Insurance Co. 6.50 - - - - - - - -
Al Khazna Insurance Co. 0.80 0.70 0.72 0.70 (0.02) (2.78) 5 34,333 24,093
Al Wathba National Insurance Co. 5.35 - - - - - - - -
Emirates Insurance Co. 8.00 - - - - - - - -
Fujairah National Insurance Co. 300.00 - - - - - - - -
Green Crescent Insurance Company 1.11 1.12 1.20 1.12 0.08 7.21 8 67,741 78,718
Insurance House P.S.C 1.40 - - - - - - - -
Methaq Takaful Insurance Co. 1.43 1.32 1.50 1.27 - - 165 5,529,471 7,634,106
National Takaful Company 1.14 1.05 1.21 1.01 0.04 3.96 39 1,250,152 1,288,379
Ras Al-Khaimah National Insurance 3.50 - - - - - - - -
Sharjah Insurance Company 4.05 - - - - - - - -
Union Insurance Company 1.10 1.20 1.20 1.04 0.10 9.09 5 326,732 340,706
United Insurance Co. 2.00 - - - - - - - -
This chart shows the companies that had the highest
increase in % of change in the stock price over the week
This chart shows the companies that had the highest
volume over the last week.
9.09
7.21
3.96
Union Insurance
Company
Green Crescent
Insurance Company
National Takaful
Company
% change in price
Methaq
Takaful
Insurance
Co.
National
Takaful
Company
Union
Insurance
Company
Green
Crescent
Insurance
Company
Al Khazna
Insurance
Co.
5,529
1,250
327 68 34
Top 5 Most Active by Volume (last week)

8. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
8
The chart below shows the positioning of the insurance
sector among the other sectors in Abu Dhabi Financial
Market
By volume
The chart below shows the positioning of the insurance
sector among the other sectors in Abu Dhabi Financial
Market
By value
Banks
3%
Real Estate
34%
Telecom
1%Industrial
1%
Insurance
0%
Energy
10%
Investment
& financial
services
51%
Banks
9%
Real Estate
33%
Telecom
2%
Industrial
1%
Insurance
0%
Energy
3%
Investment
& financial
services
52%

9. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
9
DUBAI MARKET PERFORMANCE
The table hereunder reflects the performance of the 13 listed insurance companies in Dubai stock market during the week:
Companies
Previous
Closing
Close High Low
Price Change No. of
Trades
Volume Value
Value %
Al Sagr National Insurance Company - - - - - - - - -
Alliance Insurance - - - - - - - - -
Arab Insurance Group P.S.C. 1.70 1.70 1.92 - - - 5.00 3,795,791 7,282,121
Arabian Scandinavian Insurance - - - - - - - - -
Dubai Insurance Co , PSC - - - - - - - - -
Dubai Islamic Insurance and Reinsurance
Co.
1.16 1.11 1.20
1.10
0.05 4.31 237.00 11,514,981 13,313,962
Dubai National Insurance & Reinsurance 3.25 3.45 3.50 - 0.20 6.15 4.00 111,400 364,400
Islamic Arab Insurance Company 1.13 1.08 1.15
1.05
0.05 4.42 736.00 44,901,770 49,376,600
National General Insurance Company PSC - - - - - - - - -
Oman Insurance Company (P.S.C.) - - - - - - - - -
ORIENT Insurance PJSC - - - - - - - - -
Takaful Emarat (PSC) 1.14 0.97 1.17 - 0.17 14.91 154.00 6,094,955 6,437,587
Takaful House 1.07 0.97 1.08
0.95
0.10 9.35 192.00 6,841,992 6,967,608
This chart shows the percentage change in price of Dubai
insurance companies over the last week.
This chart shows the top insurance companies that were
the most active by volume over the last week.
14.91
9.35
6.15
4.42 4.31
Takaful Emarat
(PSC)
Takaful House Dubai National
Insurance &
Reinsurance
Islamic Arab
Insurance
Company
Dubai Islamic
Insurance and
Reinsurance
Co.
% change in price
Islamic Arab
Insurance
Company
Dubai Islamic
Insurance and
Reinsurance
Co.
Takaful House Takaful Emarat
(PSC)
Arab Insurance
Group P.S.C.
44,902
11,515
6,842 6,095 3,796
Top 5 Most Active by Volume (last week)

10. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
10
The chart below shows the positioning of the insurance
sector among the other sectors in Dubai Financial Market
By volume
The chart below shows the positioning of the insurance
sector among the other sectors in Dubai Financial Market
By value
Banks
28%
Insurance
6%
Invest. & Fin.
Services
8%
Real Estate
&
Construction
45%
Services
1%
Telecommun
ication
1%
Transportati
on
15%
Banks
19%
Insurance
1%
Invest. & Fin.
Services
11%
Real Estate
&
Construction
67%
Services
0%
Telecommun
ication
1%
Transportati
on
5%

11. TIMMINT Market Intelligence UAE Insurance Weekly Report 09 to 15 May, 2014
11
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