UAE MOTOR INSURANCE MARKET

INTRODUCTION

Every car owner in the UAE is required by law to obtain current motor insurance before using their vehicle on the roadways. Since this rule effectively applies to all 2- and 4-wheeled vehicles (including commercial and personal vehicles), whether you drive a car or a motorcycle, you must obtain insurance before you can begin driving legally.

Driving a car without a proper motor insurance is against the law in the UAE and can result in penalties, points on your licence, and in some circumstances, even seizure.

 The Third Party Liability, Commercial, and Comprehensive Insurance types and Distribution Channels are used to segment the United Arab Emirates Motor Insurance market (Agents, Brokers, Banks, and Others). 

UAE MOTOR INSURANCE MARKETSIZE AND FORECAST

The UAE Motor Insurance market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

UAE MOTOR INSURANCE MARKET NEW PRODUCT LAUNCH

The first UAE blockchain digital platform has been launched in Abu Dhabi, ending a long-standing industry challenge by allowing insurers to settle automotive recovery claims amongst one another and strengthen their financial position

The first "Made in the UAE" Blockchain-based end-to-end digital solution, Addenda, has been launched by XA Group, a global provider of Digital, Hardware, and Manpower solutions for the vehicle aftersales market.

 Leading insurers in the UAE, such as Abu Dhabi National Insurance Company, Emirates Insurance Company, Yas Takaful, and Oriental Insurance Company, were among the first to use the digital solution in the country, demonstrating the sector's desire for transparency and digitalization. 

UAE MOTOR INSURANCE MARKET COMPANY PROFILE

• Oman Motor Insurance 
• AXA Motor Insurance
• Al Fujairah National Insurance Company
• ADNIC Motor Insurance
• Noor Takaful Motor Insurance
• Assicurazioni Generali S.P.A.
• National General Insurance Co. 
•  Orient Insurance Pjsc
• Abu Dhabi National Insurance Company
• Union Insurance Co
•  Emirates Insurance Company
• Islamic Arab Insurance Company
• Al Dhafra Insurance Company

THIS UAE MOTOR INSURANCE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perUAE Motor Insurance marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aMotor Insurance marketin UAE?
3. How manyUAE Motor Insurance marketsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aUAE Motor Insurance marketand key vendor selection criteria
6. Where is theUAE Motor Insurance market manufactured? What is the average margin per equipment?
7. Market share ofUAE Motor Insurance marketmanufacturers and their upcoming products
8. The most important plannedUAE Motor Insurance marketin next 2 years
9. Details on network of majorUAE Motor Insurance marketand pricing plans
10. Cost advantage for OEMs who manufactureUAE Motor Insurance marketin-house
11. 5 key predictions for next 5 years inUAE Motor Insurance market
12. Average B-2-BUAE Motor Insurance marketprice in all segments
13. Latest trends inUAE Motor Insurance market, by every market segment
14. The market size (both volume and value) ofUAE Motor Insurance marketin 2024-2030 and every year in between?
15. Global production breakup ofUAE Motor Insurance market, by suppliers and their OEM relationship