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.
Gross paid claims increased by 13.4% y-o-y to AED21.5bn in 1H2025, comprising property and liability insurance claims of AED8.0bn, health insurance claims of AED12.3bn, and insurance of persons and fund accumulation claims of AED1.2bn.
In 1H2025, the total technical provisions increased by 6.3% y-o-y to AED100.1bn.
The volume of invested assets in the insurance sector reached AED84.4bn (57.2% of total assets) as of 30 June 2025, up from AED78.7bn (50.9% of total assets) at mid-2024.
The retention ratio was 52.5% in 1H2025, compared to 53.1% in the corresponding half of the previous year.
Insurance soundness indicators
The UAE insurance sector remained well-capitalised. Concerning the various capital adequacy ratios, the Own Funds to Minimum Capital Requirement ratio increased to 423.4% at the end of 2Q2025, compared to 376.0% as of 30 June 2024.
Own funds consist of the capital that an insurance company has available to meet solvency requirements, which includes admissible assets less liabilities
As a result of an increase in own funds eligible to meet minimum capital requirements, the Own Funds to Solvency Capital Requirement ratio increased to 229.5% at the end of 2Q2025 compared to 185.8% at the end of 2Q2024. Similarly, the Own Funds to Minimum Guarantee Fund ratio reached 328.9% as of 30 June 2025, up from 286.7% 12 months ago.
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Key Indicators of the Insurance Sector (AED bn)
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1H2025*
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1H2024
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Y-o-Y change
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Gross written premiums
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40.9
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35.7
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14.5%
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• Property & Liability
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16.3
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13.8
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17.8%
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• Health Insurance
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20.7
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18.3
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12.7%
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• Life and Fund Accumulation
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4.0
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3.6
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11.1%
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Gross claims paid
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21.5
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18.9
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13.4%
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• Property & Liability
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8.0
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5.7
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40.4%
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• Health Insurance
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12.3
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10.7
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15.0%
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• Life and Fund Accumulation
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1.2
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2.5
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-52.0%
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Technical provisions
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100.1
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94.2
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6.3%
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Total Invested Assets
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84.4
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78.7
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7.2%
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Total Assets
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147.4
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154.8
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-4.8%
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Total Equity
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31.4
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28.0
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12.1%
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Source: Central Bank of UAE * Preliminary data
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The number of licensed insurance companies in the UAE is 58, comprising 22 local conventional insurers, 10 local takaful companies, 25 branches of foreign insurance companies and one branch of a foreign reinsurer. The CBUAE revoked Al-Khazna Insurance’s licence earlier this year due to the company’s failure to meet the licensing requirements to conduct business during the period of suspension of its licence.