Get access to Axco’s online product with the latest market intelligence for the market of your choice
Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the UAE's non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in the UAE's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the UAE non-life (P&C) market as well as trends by line of business. Axco analysts also report on the UAE's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes the UAE's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in the UAE, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in the UAE, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in the United Arab Emirates with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The UAE insurance market is the largest in the Gulf Cooperation Council (GCC). Motor is the dominant line of non-life insurance (excluding private medical insurance/PMI business) as is the case in most other GCC countries. Nevertheless the UAE is a broader market than in many GCC countries, featuring a relatively large energy, property and construction account. As is the case in other regional countries development of liability business has been restrained compared to Europe and the US, in spite of a number of compulsory classes being in evidence. The market features a number of large national insurers in federal states ....
This is a brief extract of information; more updated information may be available in the latest published report.