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UAE insurance premiums to hit $18.3bn by 2015

A new report by Alpen Capital has forecasted the UAE insurance sector to rise at a CAGR of 19% reaching $18.3bn by 2015, Trade Arabia has reported. T. M Lakshmanan, CEO of Alpen Capital, said that the UAE and Saudi Arabia will emerge as the two biggest markets in the region garnering 75% of the combined share by 2015, while Qatar is poised to register the fastest growth at a CAGR of 30% from 2011-15.