Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Apr 2025

Market Profile


UAE

Insurance broking reform increases both scrutiny and opportunity

The UAE regulator has acted on increasing transparency, scrutiny and protection in insurance broking. The recent changes in definitions, new restrictions and rules will fundamentally alter operations in this area.
 

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Market in growth mode

The UAE insurance market has been abuzz with activity spurred by players looking beyond short-termism and investing in long-term growth. Emirates Insurance Federation’s Mr Fareed Lutfi looks back on the past year.  
 

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Risk-based solvency and financial health of insurers

The enforcement of solvency requirements for the UAE’s insurance sector is attempting to address financial stability in the market while stimulating growth. The commitment to a risk-based solvency framework, aligning with global best practices in insurance regulation, has put the UAE regulator in the spotlight among its GCC peers.
 

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Profitability within reach for brokers despite headwinds

From helping clients manage premium increases and staying with them throughout the claims settlement process, to navigating an increasingly complex regulatory environment and fighting the war for talent, (re)insurance brokers have their work cut out to remain profitable and maintain business sustainability.
 

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Rethinking UAE Nat CAT preparedness

Nat CAT resilience in the UAE is being determined by stakeholders taking the loss prevention route rather than getting stuck in disaster recovery mode and the country’s insurance companies and government agencies, including the regulator, are making an orchestrated approach.
 

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Regulatory initiatives to drive health segment

The UAE’s health insurance segment is evolving rapidly with regulatory initiatives and increasing demand for health insurance products and services, showing the government’s deep commitment to a healthier, more inclusive society.
 

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Life insurance at an inflection point

The life insurance sector in the UAE is undergoing major transformation from regulatory intervention to increased public awareness and product innovation. 
 

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UAE motor insurers adapt to changing market dynamics

Motor insurers in the UAE are meeting new consumer expectations by focusing on personalised offerings and data-driven solutions, even as they navigate regulatory shifts, fraud risks and a crowded market landscape.
 


Takaful can appeal to expatriates too

Takaful is a niche insurance segment. To make its appeal wider, especially in markets like UAE with an 80% expat population, takaful providers must think ‘out-of-the-box’. Takaful is still a work-in-progress and can be tweaked to draw in a wider customer base.
 

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