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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Insurance
Miscellaneous
UAE launches initiative raising maximum loan coverage age to 95 for senior citizens’ housing support
This initiative aims to provide comprehensive insurance coverage for housing loan beneficiaries.
Economy
Abu Dhabi’s GDP grows 3.4 percent to $79.2 billion in Q1 2025, driven by 56.2 percent from non-oil sector
Manufacturing sector led non-oil economy with over $7.75 billion value added during the quarter
Economy
BlackRock, IHC to launch $1 billion AI-powered reinsurance platform in Abu Dhabi
Platform delivers underwriting capabilities, powered by AI, to accelerate growth in the Gulf
Economy
Dubai International Financial Centre (DIFC) posts 35 percent growth with gross written premiums of $3.5 billion in 2024
Surge highlights the center's pivotal role in the insurance sector amid global challenges
Economy
Egypt, France sign strategic partnership agreements in key sectors
Agreements focus on transportation, health, and education
Economy
UAE’s insurance sector to grow 20 percent in 2025: S&P
Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness
Bahrain
Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations
The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration
Banking & Finance
Middle East private medical insurance costs to rise 12 percent by 2025
64 percent of insurers expect higher medical trends worldwide over next three years
Miscellaneous
MoHRE launches mandatory health insurance package for private sector, domestic workers
The basic insurance package costs AED320 per year and covers individuals aged 1 to 64 years
Banking & Finance
ADGM announces plans to establish insurance association to promote industry growth
The association will enhance collaboration, standards, and practices in the insurance industry
UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums
Global gross written premiums totaled about $6.78 trillion at the close of 2022
Banking & Finance
UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE
The total number of insurance policies written across all types in the UAE surged to 14.6 million
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