United Arab Emirates Insurance Q4 2019
The UAE is home to one of the most developed and dynamic insurance industries in the Middle East. We believe thatthere are a number of promising growth opportunities across the board as extensive gaps in coverage remain in all sectors,particularly in the life insurance market, where expatriates make up most of the demand. Owing to the UAE’s reputation as a majorhub for financial services, the country is home to a range of regional and global carriers. This has helped to broaden distributionchannels and product ranges, though basic mandatory lines continue to dominate demand. Our overall outlook for the insurancemarket remains positive as economic growth, combined with rising household incomes, will support higher demand for a range ofproducts.
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