Maritime insurance [4] premiums amounted to 1.1 billion AED (299.51 million USD) in 2017. This amount accounts for 3.5% of the total non life premium volume.
The “marine cargo” class of business has contributed up to 60% in underwritings compared to 40% for the “hull” class.
Emirati insurers have generated more than two thirds of maritime transport turnover, that is 71% versus 29% by foreign companies.
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[3] https://www.atlas-mag.net/en/issue/disruption-of-the-supply-chain-the-pandora-box
[4] https://www.atlas-mag.net/en/article/marine-insurance-market-on-a-downward-cycle