United Arab Emirates Insurance Report Q1 2016

Date: December 16, 2015
Pages: 52
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: U638F80114AEN

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Includes 3 FREE quarterly updates

BMI View: The insurance market in the United Arab Emirates is growing rapidly, bolstered by wider economic growth and an increasingly robust regulatory framework. The non-life market is considerably more developed than the life sector, with higher rates of penetration and density, primarily due to extensive demand for mandatory health insurance by the large expatriate population in the UAE. Life insurance is less established, and again demand is primarily driven by foreign workers unable to access generous state benefits provided to nationals. Both life and non-life are expected to show steady premium growth over our five-year forecast period through to 2019, making this an attractive market for insurance providers, though we note some restrictions on foreign investment remain.

Key Updates And Forecasts
  • The roll-out of mandatory health insurance in the UAE continues and the government recently passed a resolution that will enable emergency healthcare providers to charge insurance companies for emergency treatment in the country.
  • Qatar Insurance Company (QIC) is launching in the retail (personal) non-life market, providing motor, travel and home insurance alongside the corporate products it has provided in the UAE since 1968.
BMI Industry View
  Table: Headline Insurance Forecasts (United Arab Emirates 2012-2019)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (United Arab Emirates 2012-2019)
  Table: Life Insurance Claims (United Arab Emirates 2007-2013)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (United Arab Emirates 2012-2019)
  Table: Non-Life Insurance Claims (United Arab Emirates 2008-2013)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums By Product Line (United Arab Emirates 2012-2019)
Industry Risk Reward Ratings
MENA Insurance Risk/Reward Index
  Table: MENA Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Company Profile
Abu Dhabi National Insurance Company (ADNIC)
Alliance Insurance Company
Islamic Arab Insurance Company (Salama)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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