UAE Insurance Sector Premiums Jump 15.5% to Dh75.2 Billion

The UAE's insurance sector extended a strong growth run, with gross written premiums rising 15.5% to about Dh75.2 billion and total assets climbing to roughly Dh166.7 billion, according to figures highlighted by the Central Bank of the UAE. The expansion reflects broader momentum in the country's non-oil economy, where financial and insurance services have been among the fastest-growing activities alongside manufacturing and construction. The central bank, which supervises insurers after the former Insurance Authority was merged into it, has been strengthening oversight and consumer protection across the sector as it grows. Rising premiums point to increased take-up of cover across life, health, motor and property lines, supported by population growth, economic diversification and greater awareness of insurance among residents and businesses. The performance comes as the wider UAE economy is projected to keep expanding at a solid pace, underpinned by government support measures and buoyant capital markets. Sustained double-digit premium growth positions the industry as an increasingly important part of the financial system, though regulators continue to emphasise solvency, fair treatment of policyholders and prudent underwriting as the market scales.