BE - September 2026

UAE Insurance Sector UAE Insurance Sector ASSETS REACH $44.9BLN The UAE insurance sector continued its strong growth in 2025, recording improvements across most key per- formance indicators, driven by higher gross written premiums, paid claims, technical provisions and total assets, reflecting the sector's strength and its growing role in supporting the country's financial and economic stability. Data from the annual statistical re- port on insurance activity in the UAE, issued by the Central Bank of the UAE, showed that gross written premiums rose to AED74.8 billion in 2025, up 14.9 percent from AED65.1 billion in 2024. Total paid claims in- creased to AED46.2 billion, up 11 percent, while technical provisions rose by 4.4 percent to AED96.3 bil- lion. Total assets of the insurance sector reached AED164.9 billion, an in- crease of 6.1 percent compared with AED155.5 billion in 2024. Invested assets stood at AED96.4 billion, equivalent to 58.4 percent of the sec- tor's total assets, underscoring the sector's importance as a contributor to investment activity and the na- tional economy. In terms of financial performance, total profits of insurance companies rose to AED4 billion from AED2.6 billion in 2024, while the premium retention ratio increased to 56 per- cent from 54.9 percent a year earlier. The figures also reflect an expanding demand base for insurance products in the UAE, with the number of ac- tive insurance policies reaching 17.3 million. The number of health insur- ance policies increased by 26.1 per- cent following the implementation of the mandatory basic health insur- ance scheme. The number of insurance companies operating in the UAE stood at 58, while the number of insurance-re- lated professions reached 515, re- flecting the breadth of the insurance ecosystem and the diversity of asso- ciated activities and services. Available capital in the insurance sector stood at 455 percent of the minimum required level, while insur- ance density reached around AED6,500 per capita. These indica- tors reflect the sector's strong capital base and high levels of insurance coverage, supporting its ability to sustain growth and meet the needs of the expanding economy. The 2025 indicators underline the growing economic role of the UAE insurance sector as a key component of the financial stability framework, a driver of investment growth and risk management, and a supporter of broader economic activity and the competitiveness of the country's business environment. ISSUE 213 SEPTEMBER 2026 the BANKING EXECUTIVE 43