Magazine

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

Nov 2023

Market Profile


Abu Dhabi and Dubai

UAE insurance market set for growth

Regulatory changes, geopolitical uncertainties and macroeconomic pressures have contributed to the growth of the UAE insurance market. Revamps of the mandatory health insurance scheme and compulsory unemployment insurance have also boosted the market. Middle East Insurance Review finds out more.

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Life insurance growth a marathon, not a sprint

Insurance penetration remain low and closing the protection gap is a task that will take a lot of time. Customer trust and demand for cover is low, according to Sukoon’s Mr Emmanual Deschamps.
 

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Medical inflation detrimental for life and health reinsurers

Inflation was a major topic in Monte Carlo for many lines of business. In Dubai, significant medical inflation is a concern for life and health reinsurers. Middle East Insurance Review spoke to Gen Re’s Dr Mazen Abouchakra for insights.
 

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New opportunities for non-life

Rising awareness of insurance and an increasing number of SMEs have spurred the growth of Dubai’s non-life insurance industry. Middle East Insurance Review spoke with International General Insurance Dubai’s Mr Henri Labat about opportunities for the industry.
 

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Insurers prepare for complex regulatory environment

Insurers in the UAE are operating in a mature economy. However, the industry is dealing with compliance issues for the first time. HFW’s Messrs Sam Wakerly and John Barlow say this can lead to ‘teething’ issues.
 

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