Insurance expenditures in 2021 reach over Dh8 billion, says UAE pension authority

17/05/2022 General | General Pension & Social Security Authority

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The General Pension and Social Security Authority (GPSSA) announced that in 2021 the estimated insurance expenditures reached Dh8,045,815,093 with an increase of Dh499,435,801 in comparison to 2020, during which the value of insurance expenditures amounted to Dh7,546,379,292. "We constantly work towards increasing the value of financial resources at GPSSA in order to meet short-term annual obligations. Each year, all the indicators showcase a steady increase in the volume of financial assets at GPSSA, which supports long-term obligations for stakeholders who highly benefit from the services." We look forward to continuing our quest to achieve sustainability of resources for more decades to come in order to provide similar top-notch benefits and privileges for the future generation and encourage insured individuals to continue to work for as long as possible in order to obtain some of the best pension benefits for themselves and their families alike, once retired. Mohamad Saif Al Hameli Director General of the General Pensions and Social Security Authority

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