Insurance

In 2012 Abu Dhabi’s insurance sector posted continued growth on the back of increased spending from consumers, corporations and the government. The UAE market overall remains underpenetrated, though total premiums as a percentage of GDP did see a slight increase from 1.9% in 2011 to 2% in 2012. GDP growth and planned government spending on large-scale infrastructure projects will increase the emirate’s stock of insurable assets in the coming year and provide investment opportunities for national and foreign insurers, while improved technical underwriting, increasingly diverse assets and new regulations also signal maturation in the sector.