The UAE insurance market in 2021

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Figures in thousands

Branches2021 turnover2020 turnover2020-2021 evolution (1)2021 shares
AEDUSDAEDUSD
Health19 868 1305 408 50319 077 0035 193 1424.15%44.83%
Motor4 731 1411 287 9115 268 0741 434 075-10.19%10.68%
Fire3 342 522909 9013 392 133923 406-1.46%7.54%
Engineering, Construction & Energy2 476 823674 2412 491 406678 211-0.59%5.59%
Marine & Aviation1 467 499399 4831 490 024405 614-1.51%3.31%
Other3 461 120942 1862 790 430759 61124.04%7.81%
Total non-life35 347 2359 622 22534 509 0709 394 0592.43%79.76%
Individual Life7 083 2331 928 1985 833 5351 588 00521.42%15.98%
Group Credit Life947 495257 927613 639167 04554.41%2.14%
Group Life832 607226 652779 350212 1556.83%1.88%
Annuities & Fund Accumulation106 45928 980761 198207 213-86.01%0.24%
Total life8 969 7942 441 7577 987 7222 174 41812.29%20.24%
Grand total44 317 02912 063 98242 496 79211 568 4774.28%100%

(1) Evolution in local currency.
Exchange rate as of 12/31/2021: 1 AED = 0.27222 USD; as of 12/31/2020: 1 AED = 0.27222 USD

Read also | Top 20 insurance companies in UAE

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