Insurance

Dubai has a growing and multi-tiered insurance sector, with options including a conventional market as well as an offshore segment that features specialists and reinsurers that cover the region. The sector is part of the larger UAE’s insurance industry, in which federal regulators and laws oversee providers that operate nationwide as well as those created to service specific emirates and market niches. Together, they comprised the largest insurance market on the Arabian Peninsula in 2016, with premiums valued at $216m. Although retail insurance remains a small part of the UAE economy, the crowded and competitive nature of the segment indicates most players anticipate future growth.