The UAE insurance market in 2024

November 11, 2025
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Figures in thousands

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Class of business2024 turnover2023 turnover2024
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AEDUSDAEDUSD
Health31 317 7578 525 32025 897 0437 049 95248.1%
Motor8 051 6452 191 8195 886 5631 602 49912.4%
Fire6 233 2551 696 8174 529 6431 233 1059.6%
Engineering. Construction & Energy4 102 5371 116 7933 317 015902 9916.3%
Marine & Aviation2 317 571630 8892 215 793603 2053.5%
Other5 588 5211 521 3074 816 9651 311 3238.6%
Reinsurance acceptances5 7541 5665 9891 630-
Total non life57 617 04015 684 51146 669 01112 704 70588.5%
Individual Life5 700 0611 551 6715 079 2211 382 7178.7%
Group Credit Life1 121 586305 3181 020 277277 7501.7%
Group Life630 315171 584561 185152 7711.0%
Annuities & Fund Accumulation41 76711 37048 14713 1070.1%
Total life7 493 7292 039 9436 708 8311 826 34511.5%
Grand total65 110 76917 724 45453 377 84314 531 050100%

Exchange rate as of 31/12/2024: 1 AED = 0.27222 USD ; 31/12/2023: 1 AED = 0.27223 USD


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