Competition among insurance companies in the UAE motor insurance market has intensified, increasing in the digital sphere involving online platforms and social media.
The branch has entered a stage of innovation that extends beyond the concept of protection to flexible payment facilities and services that save time and effort, reported the newspaper Al Khaleej.
Technical pricing, data, and digital transformation will drive the motor insurance market in 2026. Companies will strengthen their position by balancing fair pricing with quality and speed of service.
Some online platforms offer third-party insurance coverage up to AED2m ($545,000) as well as the option to pay insurance premiums in instalments without interest. Other platforms have introduced insurance packages targeting those whose annual driving distances do not exceed 20,000 km, with discounts of up to 40%.
Some platforms have focused on reducing the time required to issue insurance policies. For some insurers, the time duration is within 10 minutes via digital channels. Other websites offer solutions including 24/7 roadside assistance, direct compensation and incentives for drivers. Offers also included discounts of up to 20% on insurance premiums, with flexible premium payment options.