Insurance

Though overcrowded, the UAE’s insurance market is underpenetrated by Western standards, and there is ample room for growth. Driven by an expanding expatriate population, the market is projected to grow 10% in 2014, and anticipated regulatory changes could further boost premium growth in the medium term. Most notably, a boost is expected to come from the introduction of mandatory medical coverage. The market leaders are the best equipped to capitalise on future demand, but with more prudent regulation, many smaller players in the field may also be able to benefit from premium growth without compromising their profits.