UAE non-life insurance market forecast: 2025-2029

According to GlobalData, the UAE’s non-life insurance market is projected to grow at an average annual rate of 10% over the next five years.

Gross written premiums are expected to rise from 52.6 billion AED (14.3 billion USD) in 2025 to 74.4 billion AED (20.2 billion USD) in 2029.

This growth would be driven by several factors including the implementation of mandatory health insurance, increased awareness of personal accident coverage, and rising demand for home and motor insurance policies due to rising natural catastrophe risks.