The UAE’s insurance industry is set to sustain strong growth in 2025, with expansion projected between 10% and 20%, according to S&P Global Ratings.
This follows an estimated 20% growth in 2024, highlighting the sector’s resilience and upward trajectory.
The ratings agency also indicated that other Gulf nations are expected to witness favorable growth in their insurance markets, with projected expansion rates ranging from 5% to 15%, varying by country-specific factors.
Emir Mujkic, Director of Insurance Ratings at S&P Global Ratings, emphasized the role of digital transformation in driving the sector’s growth. In a statement to the Emirates News Agency (WAM), he noted that leading UAE insurers are making significant investments in automation and digitalization to enhance efficiency and competitiveness.
These advancements are expected to improve customer experience by providing seamless access to insurance products, offering personalized services through data analytics, and streamlining claims processing. Such initiatives will not only elevate customer satisfaction but also encourage broader adoption of insurance services across the market.
News Source: Emirates News Agency
