The United Arab Emirates is intensifying its Emiratisation initiative, aiming for 50% to 60% of jobs in the insurance sector to be held by Emiratis by 2030. This initiative is part of a broader strategy by the government to increase Emirati representation in the workforce, particularly in the private sector, where expatriates currently make up...
The UAE’s insurance market witnessed remarkable growth in 2024, with gross written premiums (GWP) reaching AED64.5bn ($17.6bn), up by 21% from AED53.3bn in 2023. The Central Bank of the UAE (CBUAE) highlighted this surge in its annual statement, underscoring the nation’s continued leadership in the region’s financial sector. This growth in the insurance sector aligns...