In terms of gross written premium (GWP), the UAE’s insurance market has ranked first within the MENA region since 2008. In 2018 it had...
UAE: Abu Dhabi Financial Services
Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
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A number of remittance-focused financial technology (fintech) start-ups are gaining traction in emerging markets. In doing so, they are making inroads on market share that was formerly the preserve of established financial service providers.
Economic update | Report: How can sustainable finance support the transformation of hydrocarbons-dependent economies?
19 Jan 2022
With the world economy heading into a complex post-pandemic recovery, GCC governments have outlined a wide-ranging set of environmental targets – and shone a stronger spotlight on sustainability.
Economic update | Will the “second wave” of mergers and acquisitions in GCC banking continue to gather pace?
7 Jul 2021
More than a year after the initial onset of the coronavirus pandemic, the Gulf banking sector is seeing an increase in mergers and acquisitions (M&A), as lenders continue to deal with the economic fallout.
Articles & Analysis | How Abu Dhabi’s insurance market is encouraging stability from The Report: Abu Dhabi 2020
In terms of gross written premium (GWP), the UAE’s insurance market has ranked first within the MENA region since 2008. In 2018 it had the highest insurance penetration and density levels in the GCC, at 2.9% of GDP and $1195, respectively. Abu Dhabi’s insurers play an important role in the sector, but as of 2020 they faced a number of changes...
Interviews & Viewpoints | Ebrahim Obaid Al Zaabi, Director-General, UAE Insurance Authority (IA): Interview from The Report: Abu Dhabi 2020
To what extent could greater consolidation in the insurance sector help lower pressure on margins, and could regulatory reform help in this regard?
Articles & Analysis | How emerging markets are tapping insurance technology from The Report: Abu Dhabi 2020
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...