Competition blamed for losses
Sharjah-based Al Buhaira National Insurance (Abnic) has reported a 41-percent fall in net profit to AED10 million for 2013 compared to AED17 million for the previous year, blaming competition and new market entrants. Underwriting profit more than halved to AED22 million for 2013 from AED49 million for 2012. The insurer also reported premium revenue of […]
