Shareholders of Islamic Arab Insurance Company (Salama), one of the UAE's leading takaful providers, have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of the Central Bank of the UAE (CBUAE).
The UAE's health insurance sector is undergoing rapid change, marked by steep premium hikes, increased utilisation, and a shift away from traditional pricing structures, according to Pacific Prime, a global health insurance brokerage, and risk management and employee benefits specialist.
The UAE government has issued a Federal Decree Law regarding the Central Bank, and the regulation of financial institutions, including insurance companies.
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has won two prestigious awards at the Nafis Award Ceremony - Third Cycle (2024-2025), held under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, deputy Prime Minister, chairman of the Presidential Court, and chairman of the Emirati Talent Competitiveness Council.
Nas Neuron Health Services has surpassed 2m insured members, marking a major milestone in its growth and reinforcing its position as the UAE's leading health insurance TPA.
The insurance industry bore the brunt of the costs of the April 2024 floods in the UAE, according to S&P Global Ratings (S&P). The disaster, though, had limited financial impact on the banking sector.
Listed takaful companies in the UAE contributed 9% of the total business of listed insurance companies in the UAE in 1H2025, according to an analysis by Badri Management Consultancy, an international actuarial and risk consultancy firm. This market share was lower than the 11% reported for 1H2024.
Abu Dhabi National Insurance Company (ADNIC) has a track record of strong operating performance, evidenced by return on equity exceeding 12% in all of the last five years (2020-2024), notes AM Best.
The UAE insurance sector maintained its recovery trajectory in the first half of 2025, building on the strong 1Q2025 performance and further distancing itself from the stress impact of April 2024 rains, points out Badri Management Consultancy, an international actuarial and risk consultancy firm.
Gross written premiums rose by 14.5% y-o-y to AED40.9bn ($11.1bn) in 1H2025, driven largely by a 17.8% increase in property and liability insurance, a 12.7% rise in health insurance, and an 11.2% gain in life insurance and savings.