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Jul 2017 United Arab Emirates’ Insurance authority has submitted its 2017-2021 strategic plan, a roadmap designed to consolidate insurance contribution to national economy, improve its competitiveness and modernize its legal framework. Insurance awareness, also, stands among the actions to be undertaken.
UAE have become the most important insurance market in the Gulf. With a turnover worth 40 billion AED (10.9 billion USD) in 2016, the country accounts for 41% of the premiums written in the region. Insurance contribution to GDP rose from 1.9% in 2007 to 2.35% in 2015.
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