United Arab Emirates Insurance Q4 2018
The UAE is home to one of the most developed and dynamic insurance industries in the Middle East. As a major hub forfinancial services, the UAE has attracted some significant regional and global carriers to the insurance market. This has helped tobroaden distribution channels and product ranges, though basic mandatory lines continue to dominate demand. This is particularlythe case in the non-life market, where health insurance remains the most important sector. Despite some headwinds from culturalbarriers and tax changes, overall, the growth outlook for the insurance market is positive, with strong growth expected in both thenon-life and smaller life insurance segments moving forward.
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