Health and motor insurance premiums will increase in Dubai from 1 January 2025, as insurers hike rates to keep pace with the rising expenses in healthcare and vehicle repair costs.
According to a report by the Khaleej Times, industry executives have said that health insurance premiums could see a more pronounced hike compared to the motor segment. They say this increase in premiums will also come up with some more benefits for the residents of the emirate.
Inflation has increased in the UAE over the past few years due to a surge in prices globally. As reported by Khaleej Times earlier, inflation is still lower than global rates, averaging just over 2% compared to five to six percent globally.