The UAE insurance market in 2021
Figures in thousands
| Branches | 2021 turnover | 2020 turnover | 2020-2021 evolution (1) | 2021 shares | ||
|---|---|---|---|---|---|---|
| AED | USD | AED | USD | |||
| Health | 19 868 130 | 5 408 503 | 19 077 003 | 5 193 142 | 4.15% | 44.83% |
| Motor | 4 731 141 | 1 287 911 | 5 268 074 | 1 434 075 | -10.19% | 10.68% |
| Fire | 3 342 522 | 909 901 | 3 392 133 | 923 406 | -1.46% | 7.54% |
| Engineering, Construction & Energy | 2 476 823 | 674 241 | 2 491 406 | 678 211 | -0.59% | 5.59% |
| Marine & Aviation | 1 467 499 | 399 483 | 1 490 024 | 405 614 | -1.51% | 3.31% |
| Other | 3 461 120 | 942 186 | 2 790 430 | 759 611 | 24.04% | 7.81% |
| Total non-life | 35 347 235 | 9 622 225 | 34 509 070 | 9 394 059 | 2.43% | 79.76% |
| Individual Life | 7 083 233 | 1 928 198 | 5 833 535 | 1 588 005 | 21.42% | 15.98% |
| Group Credit Life | 947 495 | 257 927 | 613 639 | 167 045 | 54.41% | 2.14% |
| Group Life | 832 607 | 226 652 | 779 350 | 212 155 | 6.83% | 1.88% |
| Annuities & Fund Accumulation | 106 459 | 28 980 | 761 198 | 207 213 | -86.01% | 0.24% |
| Total life | 8 969 794 | 2 441 757 | 7 987 722 | 2 174 418 | 12.29% | 20.24% |
| Grand total | 44 317 029 | 12 063 982 | 42 496 792 | 11 568 477 | 4.28% | 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
