Abu Dhabi – Mubasher: Insurance House trimmed its losses by 14.6% year-on-year in the third quarter of 2016, according to a statement.

Losses reached AED 4.09 million ($1.11 million) in Q3-16, compared to AED 4.79 million ($1.3 million) in Q3-15.

Net premiums rose 38.4% year-on-year to reach AED 30.75 million in Q3-16.

In the first nine months of 2016, losses declined by 43.7% to reach AED 5.97 million, compared to AED 10.6 million in the same period of 2015.