The UAE insurance sector is seeing a period of strength and growth, supported by increased premium volumes, improved profitability, higher investment returns, and a healthy competitive environment. Industry trends include regional expansion and digital transformation.
The Central Bank of the United Arab Emirates (CBUAE) and the Dubai Public Prosecution (DPP) have announced the launch of an innovative electronic system dedicated to streamlining the settlement of blood money claims.
Health and motor insurance lines of business are expected to drive growth in the UAE insurance market in 2026, according to Sukoon Insurance, which is among the biggest insurers in the country.
Al Wathba Insurance (AWNIC) marks a pivotal moment in its growth journey with the finalisation of a key strategic investment in London Bridge 2 PCC, Cell 27.
High net worth insurance solutions provider Sun Life has received the green light from the Dubai Financial Services Authority to begin operations in the Dubai International Financial Centre (DIFC).
BMS Group has announced the launch of BMS (DIFC), having secured the necessary licence and regulatory approval.
The UAE government has issued a new Federal Decree-Law amending key provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, providing clearer mechanisms for calculating and settling corporate tax obligations.
A Dubai court has clarified that neither the insured, the driver responsible for an accident, nor the insured's employees -- if injured during work or as a result of it -- can claim compensation from the insurance company beyond the limit stated in the insurance policy's supplementary endorsement.
The majority (88.3%) of private-sector employees in the UAE have benefited from the unemployment insurance scheme.
Tysers Dubai has appointed Mr Younes Younes to its the non-marine team as a Divisional Director. In his new role, Mr Younes will help to drive the development of Tysers' property offering within the reinsurance division.