Union Insurance Posts a 40% Increase in Gross Insurance Premium in Q1 2016

Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organizations in the region, announced its financial results for the first quarter of 2016. The company reported a 40% increase in gross insurance premium, up from AED172 million posted in Q1 2015to AED242 million at the end of March 2016. The company’s total assets increased from AED1.1 billion at year-end 2015to AED1.3 billion as of 31 March 2016.

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As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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