Executive Director of Gargash Insurance Mr. Suresh Nair predicts a stabilizing UAE insurance market in 2025, rebounding from 2024's heavy rain-induced losses. While motor and property premiums surged post-April rains, growth is now plateauing. 

The industry saw varied results in 2024, with top insurers showing strong growth, while others struggled. Nair highlights a widening gap between leading companies and the rest. However, a robust economy is expected to drive overall growth in premiums and profits.

Medical insurance is set to expand significantly due to mandatory health coverage for private and domestic workers across all emirates, potentially boosting other insurance sectors. Businesses are increasingly seeking advanced coverage like credit, cyber, and D&O insurance.  

Digitization will further penetrate individual insurance products like home, pet, and travel, aiming for a seamless online experience. Enhanced regulations, effective from February 15th, will promote transparency and customer protection, aligning the UAE market with global standards

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