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Market Attractiveness and Future Prospects of the UAE Takaful Insurance Industry

Market Attractiveness and Future Prospects of the UAE Takaful Insurance Industry

Synopsis

Timetric’s 'Market Attractiveness and Future Prospects of the UAE Takaful Insurance Industry' report provides detailed analysis of the trends in the UAE takaful insurance industry. It provides values for key performance indicators (KPI) such as gross written premium, direct written premium, earned premium, claims, incurred loss, loss ratio, combined ratio, commissions and expenses, assets and investments during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.

Summary

Timetric’s 'Market Attractiveness and Future Prospects of the UAE Takaful Insurance Industry' report provides in-depth industry analysis, information and insights into the takaful insurance industry in UAE, including:

  • The UAE takaful insurance industry’s growth prospects by insurance segment and category
  • The current trends in the UAE takaful insurance industry
Scope

This report provides a comprehensive analysis of the takaful insurance industry in UAE:
  • It provides historical values for the UAE takaful insurance industry for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key segments and categories in the UAE takaful insurance industry, along with forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast industry data related to the UAE takaful insurance industry and each segment within it.
  • Understand the demand-side dynamics, key trends and growth opportunities in the UAE takaful insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
Key Highlights
  • The UAE takaful industry’s gross written premium is expected to register a robust forecast-period (2013–2018) CAGR of 8.9%.
  • Non-life insurance is the largest segment in terms of gross written premium, and accounted for 61.4% of the overall UAE takaful industry in 2013.
  • GDP at current prices grew from AED935.8 billion (US$254.8 billion) in 2009 to AED1.6 trillion (US$426.1 billion) in 2013, at a review-period CAGR of 13.7%, despite declining by 17.4% in 2009 as a result of the global financial crisis.
  • According to UAE’s Insurance Authority (IA), there were 10 insurance companies operating in the UAE’s takaful insurance industry in 2013.
  • Under the new Dubai Health Insurance Law No. 11 of 2013, issued on November 24, health insurance was made compulsory in Dubai from January 2014. The law also made it mandatory for employers of low-salaried expatriate workers to provide health insurance for employees.


  • Analysis of The UAE Takaful Market Dynamics
  • Takaful Life Insurance Trends
    • Policies and Premium
      • Table UAE Takaful Life Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Premium Per Capita (AED), 2009-2018
      • Table UAE Takaful Life Insurance - Premium Per Capita (US$), 2009-2018
      • Table UAE Takaful Life Insurance - Insurance Penetration (% of GDP), 2009-2018
    • Claims and Expenses
      • Table UAE Takaful Life Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Loss Ratio (%), 2009-2018
      • Table UAE Takaful Life Insurance - Combined Ratio (%), 2009-2018
      • Table UAE Takaful Life Insurance - Commissions and Expenses (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Commissions and Expenses (US$ Million), 2009-2018
    • Total Assets
      • Table UAE Takaful Life Insurance - Total Assets (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Total Assets (US$ Million), 2009-2018
    • Investments
      • Table UAE Takaful Life Insurance - Investments (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Investments (US$ Million), 2009-2018
      • Table UAE Takaful Life Insurance - Total Investment Income (AED Million), 2009-2018
      • Table UAE Takaful Life Insurance - Total Investment Income (US$ Million), 2009-2018
  • Takaful Non-Life Insurance Trends
    • Policies and Premium
      • Table UAE Takaful Non-Life Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Premium Per Capita (AED), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Premium Per Capita (US$), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Insurance Penetration (%), 2009-2018
    • Claims and Expenses
      • Table UAE Takaful Non-Life Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Loss Ratio (%), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Commissions and Expenses (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Commissions and Expenses (US$ Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Combined Ratio (%), 2009-2018
    • Total Assets
      • Table UAE Takaful Non-Life Insurance - Total Assets (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Total Assets (US$ Million), 2009-2018
    • Investments
      • Table UAE Takaful Non-Life Insurance - Investments (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Investments (US$ Million), 2009-2018
    • Investment Income
      • Table UAE Takaful Non-Life Insurance - Total Investment Income (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Total Investment Income (US$ Million), 2009-2018
    • Other Key Performance Indicators
      • Table UAE Takaful Non-Life Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Non-Life Insurance - Retentions (US$ Million), 2009-2018
  • Takaful Non-Life Insurance Categories
    • Property Insurance Category Trends
      • Table UAE Takaful Property Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Retentions (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Property Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Property Insurance - Loss Ratio (%), 2009-2018
      • Fire and allied perils insurance
        • Table UAE Takaful Fire and Allied Insurance - Gross Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Fire and Allied Insurance - Gross Written Premium (US$ Million), 2009-2018
        • Table UAE Takaful Fire and Allied Insurance - Direct Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Fire and Allied Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Engineering insurance
        • Table UAE Takaful Engineering Insurance - Gross Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Engineering Insurance - Gross Written Premium (US$ Million), 2009-2018
        • Table UAE Takaful Engineering Insurance - Direct Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Engineering Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Other property insurance
        • Table UAE Takaful Other Property Insurance - Gross Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Other Property Insurance - Gross Written Premium (US$ Million), 2009-2018
        • Table UAE Takaful Other Property Insurance - Direct Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Other Property Insurance - Direct Written Premium (US$ Million), 2009-2018
    • Takaful Motor Insurance Category Trends
      • Table UAE Takaful Motor Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Retentions (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Motor Insurance - Loss Ratio (%), 2009-2018
    • Takaful Marine, Aviation and Transit Insurance Category Trends
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Retentions (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Marine, Aviation and Transit Insurance - Loss Ratio (%), 2009-2018
      • Total marine insurance
        • Table UAE Takaful Total Marine Insurance - Gross Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Total Marine Insurance - Gross Written Premium (US$ Million), 2009-2018
        • Table UAE Takaful Total Marine Insurance - Direct Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Total Marine Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Total transit insurance
        • Table UAE Takaful Total Transit Insurance - Gross Written Premium (AED Million), 2009-2018
        • Table UAE Takaful Total Transit Insurance - Gross Written Premium (US$ Million), 2009-2018
        • Table UAE Takaful Total Transit Insurance - Direct Written Premium (AED), 2009-2018
        • Table UAE Takaful Total Transit Insurance - Direct Written Premium (US$ Million), 2009-2018
  • Takaful Personal Accident and Health Insurance Trends
    • Premium - Overview
      • Table UAE Takaful Personal Accident and Health Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Premium per Capita (AED), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Premium per Capita (US$), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Penetration (%), 2009-2018
    • Claims and Expenses
      • Table UAE Takaful Personal Accident and Health Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Loss Ratio (%), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Commissions and Expenses (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Commissions and Expenses (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Combined Ratio (%), 2009-2018
    • Total Assets
      • Table UAE Takaful Personal Accident and Health Insurance - Total Assets (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Total Assets (US$ Million), 2009-2018
    • Investments
      • Table UAE Takaful Personal Accident and Health Insurance - Investments (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Investments (US$ Million), 2009-2018
    • Investment Income
      • Table UAE Takaful Personal Accident and Health Insurance - Total Investment Income (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Total Investment Income (US$ Million), 2009-2018
    • Other Key Performance Indicators
      • Table UAE Takaful Personal Accident and Health Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident and Health Insurance - Retentions (US$ Million), 2009-2018
  • Takaful Personal Accident and Health Insurance Categories
    • Personal Accident Insurance
      • Table UAE Takaful Personal Accident Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Retentions (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Personal Accident Insurance - Loss Ratio (%), 2009-2018
    • Health Insurance
      • Table UAE Takaful Health Insurance - Gross Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Gross Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Direct Written Premium (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Direct Written Premium (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Earned Premium (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Earned Premium (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Retentions (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Retentions (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Gross Claims (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Gross Claims (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Paid Claims (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Paid Claims (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Incurred Loss (AED Million), 2009-2018
      • Table UAE Takaful Health Insurance - Incurred Loss (US$ Million), 2009-2018
      • Table UAE Takaful Health Insurance - Loss Ratio (%), 2009-2018
  • Takaful Reinsurance
    • Insurance Ceded to Reinsurers by Life Insurers
      • Table UAE Takaful Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2018
    • Insurance Ceded to Reinsurers by Non-Life Insurers
      • Table UAE Takaful Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2018
    • Insurance Ceded to Reinsurers by Personal Accident and Health Insurers
      • Table UAE Takaful Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2018
  • Appendix
    • Methodology
    • Definitions
      • Table UAE Takaful Insurance Industry Definitions
    • Contact Us
    • About Timetric
    • Disclaimer

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