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.
Orient Group President, Mr Omer Elamin, said in an interview with the newspaper Al Khaleej, that 2025 has been a positive year for the insurance sector at all levels.
He said, “After the floods and rains that affected the bottom line of companies in 2024, prices improved significantly.”
Another reason for the improved performance of the UAE insurance market is the rising demand for real estate. Several new projects are under construction, thus increasing engineering insurance business. There is also demand for insurance for projects after their completion, Mr Elamin said.
He pointed out that the reinsurance market, with its increased capacity, enables insurers to underwrite mega projects. Also, the improvement in the financial results of insurance companies will enhance their underwriting capability.