Emirati maritime insurance industry in 2017

Maritime insurance premiums amounted to 1.1 billion AED (299.51 million USD) in 2017. This amount accounts for 3.5% of the total non life premium volume.

The “marine cargo” class of business has contributed up to 60% in underwritings compared to 40% for the “hull” class.

Emirati insurers have generated more than two thirds of maritime transport turnover, that is 71% versus 29% by foreign companies.