Insurance

Insurance in the UAE

The United Arab Emirates is one of the largest countries in the Gulf Cooperation Council to provide various Insurance for different sectors in the industry. The UAE has 62 insurance companies, along with agents, consultants, and insurance brokers.

You can get the following insurance in the UAE:

• Life Insurance
• Health Insurance
• Property Insurance
• Liability Insurance

The UAE is an Islamic civilization nation so many local providers offer sharia-compliant insurance which is also known as ‘’ Takafur’’. The two highest insurances are Health and Motor industries. Many local, expat, migrant workers, and investors in the UAE pay for both health and motor insurance policies.

Most of the Emirates employers provide health and motor insurance for migrant workers who find job opportunities in Dubai, Abu Dhabi, or other cities in the UAE. Some of the private insurance companies include Allianz and Cigna Global.

Other optional insurance in the Emirates cities are:

• Home insurance
• Travel insurance
• Life Insurance
• Income Protection  
• Liability Insurance
• Commercial Insurance

The Insurance Authority in the UAE regulates and supervises the laws and regulations under the federal law. Employees and employers can take assistance from the UAE insurance authority while exploring the various insurance opportunities in the seven Emirates cities.