The UAE government has set a new Emiratisation strategy for the years 2027-2030 which targets Emiratisation rates of 50-60% at insurance companies, depending on company size.
The announcement of the new localisation goal was made by UAE Minister of State for Financial Affairs Mohamed Al Husaini during a session last week of the Federal National Council (FNC), a consultative council whose functions include passing, amending or rejecting federal draft laws and discussing international treaties and agreements. He was responding to a question raised by FNC member Adnan Al Hammadi on the role of the Central Bank in enforcing Emiratisation compliance in the insurance sector, reported Khaleej Times.
More specifically, the new Emiratisation strategy also mandates the employment of at least one Emirati annually in occupations with two to 19 employees, as well as a 30% localisation rate in occupations with 20 or more employees, 45% in critical roles, and 30% in direct leadership positions such as CEOs or general managers.
The minister confirmed a noticeable improvement in Emiratisation within the insurance sector. As of 1 June 2025, Emiratis comprised 2,159 out of a total of 9,773 employees, representing 22.09% of the total. This marks an increase from 13.34% in 2022 and 21.64% in 2024.
"The 2022–2026 strategy aims to raise the localisation rate to 30% by 2026, with an annual increase of around 3%,” said the minister in a statement.
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