Out of a total of 24 companies in the insurance sector, UAE tightened its grip on the market with 15 companies, making up an impressive 62.5% of the total. Following in its lead, Qatar comes in second place with 5 companies and Kuwait ranks third contributing three companies. The only other country to make an appearance on the list is KSA with a single company. Securing the top spot in the insurance sector is UAE’s Orient Insurance which also enjoyed the highest return on equity for 2011 with 20.2%. In second place is Abu Dhabi National Takaful from the UAE, followed by Qatar’s Doha Insurance in third, which secured the highest average in asset growth with 39%. Adding to UAE’s dominance, Islamic Arab Insurance lands ninth place on the ranking possessing the highest average earning per share growth with 208.5%. Tied also in ninth place, Gulf Insurance from Kuwait secured the highest average of market cap growth with 46%.