United Arab Emirates Insurance, Companies & Insurance Quote

Insurance in United Arab Emirates is showing a vibrant growth and is also allowing the foreign companies to come into the fray. The United Arab Emirates insurance boasts of having over than 50 companies. The insurance sector is considered to have lots of potential owing to high population as well as supportive economies.

The motor as well as miscellaneous accidents that are the segment of the general insurance are the dominant segments of the UAE.

Market status

The United Arab Emirates insurance ranking with respect to insurance premium is ranked 46th globally last year in 2009. The non-life insurance in the UAE was $4 billion last year and this was showing an increase of 1.4% in comparison to 2008.

The premium of life insurance in United Arab Emirates was $1 billion in the last year and this showed a slight decrease by 0.5% in comparison to last year. The total insurance premium was $5 billion in the last year that is showing an increase of 1.1% than earlier year.

The US remains in the top speaking of insurance premium globally with $492 billion last year. However, US were followed by UK, Japan, France and Germany with $218 billion, $399 billion, $194 billion and $112 billion. The study shows that globally the insurance premium volume came down by 1.1% as per last year.

Major providers

The insurance providers in United Arab Emirates that are listed as major companies include Al-Ain Ahlia Insurance Company, Al Khaznah Insurance Company, Dubai Insurance Co, Dubai National Insurance Co, Abu Dhabi Insurance Company, National General Insurance and Dubai Islamic Insurance & Reinsurance (AMAN).

Insurance in United Arab Emirates includes major companies namely, AIG, Allianz, Bahrain National, CAAR, ACE, Generali, HSBC, MedGulf, Gulf Union, Royal/Sun Alliance, TRUST, Zurich, XL Insurance, and many more.

Insurance in United Arab Emirates includes foreign investment and is expected to rise in the future. This government is encouraging the insurance growth and trying to accomplish success. There are numerous firms small and large and the major segments that give good premium revenues are the life segment.

The major segments of insurance are general insurance, transportation risk insurance, health insurance, life insurance, credit and saving insurance and various other types of insurance.