Green Crescent losses decline in Q4
AXA Green Crescent Insurance (GCIC) trimmed its losses by 72.4 percent year-on-year in the fourth quarter of 2016, according to a bourse statement. Losses reached AED1.71 million (USD465,000) in Q4-16, compared to AED6.2 million (USD1.68 million) in Q4-15. In 2016, losses declined by 3.8 percent to AED14.8 million from AED15.4 million in 2015.
