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The Central Bank of the UAE’s annual statistical report detailed broad-based expansion across the insurance industry last year. Total assets stood at AED 164.9 billion at the end of 2025, reflecting the sector’s increasing scale within the national financial system. Gross written premiums rose 14.9 percent to AED 74.8 billion from AED 65.1 billion in 2024, the report indicated, driven by demand in both conventional and Takaful segments.
Paid claims increased 11 percent to AED 46.2 billion while technical provisions advanced 4.4 percent to AED 96.3 billion, Central Bank of the UAE figures show. Invested assets reached AED 96.4 billion, equivalent to 58.4 percent of total assets and highlighting the industry’s role in channeling funds into the wider economy. The data placed the retention ratio and capital adequacy at healthy levels consistent with regulatory standards.
A Central Bank of the UAE Financial Stability Report issued earlier in August 2026 affirmed the insurance sector’s resilience alongside banking and Islamic finance segments. The assessment found that adequate capitalisation, improved asset quality and continued credit growth supported overall financial system stability even under stress scenarios. Insurance contributed to this picture through steady premium growth and prudent provisioning, the report noted.
An Alpen Capital assessment of the GCC insurance industry projected the UAE market to expand from $20.5 billion in 2025 to $25.1 billion by 2030, registering a compound annual growth rate of 4.1 percent. Non-life business, which dominates the UAE market, is forecast to grow at 4.3 percent annually through the period on the back of mandatory health and motor covers plus infrastructure projects valued above $795 billion. The consultancy’s outlook cited rising insurable assets in construction, logistics and tourism as key supporting factors.
The Central Bank of the UAE counted 58 licensed insurance entities at the end of 2025, comprising 22 conventional insurers, 10 Takaful operators and 26 branches of foreign companies. Sector penetration and density have improved steadily in recent years even as the market matures, according to historical Central Bank of the UAE statistical series. Ongoing digital transformation initiatives under the Financial Infrastructure Transformation Programme have further enhanced service delivery and operational efficiency across the industry.
