Insurance Service

According to UAE Insurance Authority, there are total 62 insurance companies in UAE, among which 35 are national insurance companies and 27 are foreign insurance companies. The types of insurance available in UAE are:

  1. Life Insurance
  2. Health insurance
  3. Property insurance (motor, fire, marine)
  4. Liability insurance (third party liability for vehicles, personal accident insurance, employer liability insurance, insurance of trains, insurance of cash)

In line with the Decretal Federal Law No. (25), 2020, the Insurance Authority has been merged in to the Central Bank of UAE. However, the Insurance Authority shall continue to apply the rules and regulations to all licensed institutions under the provisions of the Federal Law No. (6), 2007 until replaced by regulations issued by the Central Bank of UAE.