Key Insights
The UAE Life and Annuity Insurance market is poised for significant expansion, projected to achieve a Compound Annual Growth Rate (CAGR) of 7.4% from 2025 to 2033. This growth trajectory is underpinned by a confluence of factors, including a growing, youthful population driving demand for life insurance, and increasing disposable incomes coupled with heightened awareness of financial security needs. Government-led initiatives aimed at enhancing financial inclusion and promoting insurance penetration are also key contributors. Furthermore, the rising incidence of chronic diseases and escalating healthcare costs are stimulating demand for annuity products that provide long-term financial safeguards. Intense competition among established entities such as Orient Insurance Company, Abu Dhabi National Insurance Company, and Emirates Insurance Company, alongside new market entrants, is fostering innovation and enriching product portfolios. Despite these positive trends, challenges persist, notably lower insurance penetration relative to developed economies and potential regulatory complexities. Strategic initiatives focusing on consumer education and process optimization are critical for unlocking accelerated market growth.
UAE Life and Annuity Insurance Market Market Size (In Billion)
Market segmentation within the UAE Life and Annuity Insurance sector reveals a diverse range of product categories, encompassing term life, whole life, and various annuity solutions. Geographically, the market is predominantly concentrated within the UAE, with substantial potential for expansion into other GCC nations. Projections indicate sustained robust performance, with the market size anticipated to grow substantially by 2033. The competitive environment is characterized by a blend of established domestic insurers and international corporations, signaling a vibrant and dynamic marketplace. Future expansion will likely be influenced by technological advancements, particularly in digital distribution and customized product development, further stimulating market growth.
UAE Life and Annuity Insurance Market Company Market Share
UAE Life and Annuity Insurance Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the UAE life and annuity insurance market, encompassing market dynamics, growth trends, key players, and future outlook. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report offers invaluable insights for industry professionals, investors, and strategic decision-makers. The report analyzes the parent market of the UAE insurance sector and delves into the child market of life and annuity insurance, providing a granular view of market segmentation and performance. Market values are presented in millions.
Keywords: UAE insurance market, life insurance UAE, annuity insurance UAE, takaful insurance UAE, insurance market trends, UAE financial market, insurance regulations UAE, M&A insurance UAE, Orient Insurance, Abu Dhabi National Insurance, Al Ain Ahlia Insurance, SALAMA, Emirates Insurance, Dubai Insurance, Union Insurance, Dubai National Insurance, AXA Green Crescent, Oman Insurance, insurance market size UAE, insurance market growth UAE, UAE insurance sector
UAE Life and Annuity Insurance Market Dynamics & Structure
This section analyzes the UAE life and annuity insurance market's competitive landscape, regulatory environment, and technological advancements. We examine market concentration, identifying key players and their market share, and explore the impact of mergers and acquisitions (M&A) activity on market structure. Technological innovation and its role in product development and customer engagement are discussed, along with the influence of regulatory frameworks on market growth. Substitute products and their impact are assessed, considering end-user demographics and their evolving insurance needs.
- Market Concentration: The market exhibits a moderately concentrated structure with a few dominant players such as Abu Dhabi National Insurance Company and Emirates Insurance Company holding significant market share (xx%). However, smaller players also contribute significantly.
- M&A Activity: The period 2019-2024 witnessed xx M&A deals, primarily driven by consolidation efforts and expansion strategies. The acquisition of ASCANA by Oman Insurance Company in 2023 exemplifies this trend.
- Technological Innovation: Digitalization and Insurtech solutions are impacting the sector, leading to increased efficiency and customer-centric product offerings. However, barriers such as data privacy concerns and legacy systems limit the adoption of advanced technologies.
- Regulatory Framework: The UAE's regulatory environment plays a significant role in market stability and growth. The collaborative agreement between the UAE Central Bank and Sama in 2022 signifies increased regional cooperation and harmonization of regulatory standards.
UAE Life and Annuity Insurance Market Growth Trends & Insights
This section provides a detailed analysis of the UAE life and annuity insurance market's historical growth trajectory and future projections. Utilizing both quantitative and qualitative data, we identify key growth drivers and examine the impact of technological disruptions and evolving consumer preferences. The analysis includes market size estimations (in millions), Compound Annual Growth Rate (CAGR) calculations, and market penetration rates to provide a comprehensive understanding of the market's dynamics. The market exhibited a CAGR of xx% during 2019-2024. We project a CAGR of xx% for 2025-2033, driven by factors such as increasing awareness of life and annuity products, expanding demographics and government initiatives.
Dominant Regions, Countries, or Segments in UAE Life and Annuity Insurance Market
This section identifies the leading regions/segments driving market growth in the UAE. The analysis considers various factors influencing market dominance, including economic policies, infrastructure development, and consumer behavior. Key growth drivers for each dominant region/segment are outlined, along with an assessment of future growth potential based on market share and projected expansion. The analysis suggests that the Emirate of Dubai is a key driver owing to its robust economic activity and a large expatriate population.
- Key Drivers:
- Growing population and increasing disposable incomes
- Government initiatives promoting financial inclusion and insurance penetration
- Rising awareness of the importance of financial security
- Favorable regulatory environment
UAE Life and Annuity Insurance Market Product Landscape
The UAE life and annuity insurance market offers a diverse range of products, catering to various customer needs and risk profiles. Innovation is evident in the introduction of Sharia-compliant (Takaful) products and customized solutions. Technological advancements such as online platforms and mobile applications enhance customer experience and streamline processes. Unique selling propositions (USPs) include competitive pricing, comprehensive coverage, and personalized services.
Key Drivers, Barriers & Challenges in UAE Life and Annuity Insurance Market
Key Drivers:
- Rising disposable incomes and a growing middle class are driving demand for life and annuity products.
- Government initiatives promoting financial literacy and insurance awareness.
- Favorable regulatory environment promoting market growth.
Key Barriers and Challenges:
- High competition among insurers can lead to price wars and reduced profitability.
- Regulatory changes and compliance requirements pose challenges for insurers.
- Limited consumer awareness and understanding of complex insurance products.
Emerging Opportunities in UAE Life and Annuity Insurance Market
Several opportunities exist for growth in the UAE life and annuity insurance market. These include:
- Expanding into underserved segments, such as SMEs and the rural population.
- Developing innovative products tailored to specific demographic needs.
- Leveraging technology to improve efficiency, customer experience, and risk management.
Growth Accelerators in the UAE Life and Annuity Insurance Market Industry
Technological advancements, strategic partnerships, and market expansion strategies are key drivers of long-term growth. The increased adoption of digital platforms and data analytics enhances efficiency and customer engagement. Collaborations between insurers and fintech companies are driving innovation and creating new product offerings. Expansion into new markets and diversification of product portfolios will contribute to sustained growth.
Key Players Shaping the UAE Life and Annuity Insurance Market Market
- Orient Insurance Company
- Abu Dhabi National Insurance Company
- Al Ain Ahlia Insurance
- SALAMA
- Emirates Insurance Company
- Dubai Insurance Company
- Union Insurance Company
- Dubai National Insurance & Reinsurance PSC
- AXA Green Crescent Insurance
- Oman Insurance Company
Notable Milestones in UAE Life and Annuity Insurance Market Sector
- May 2023: Oman Insurance Company P.S.C. ('Sukoon') completed the acquisition of 93.0432% of the share capital of Arabian Scandinavian Insurance Company P.S.C. (ASCANA). This acquisition significantly altered the market landscape.
- September 2022: The UAE Central Bank and Sama signed a preliminary deal to enhance cooperation in insurance sector supervision, impacting regulatory harmonization and cross-border operations.
In-Depth UAE Life and Annuity Insurance Market Market Outlook
The UAE life and annuity insurance market is poised for significant growth driven by several factors, including increasing population and economic development. Strategic investments in technology, innovative product development, and expansion into new markets will create substantial opportunities for market players. The market's positive outlook presents significant potential for both established players and new entrants.
UAE Life and Annuity Insurance Market Segmentation
-
1. Insurance Type
- 1.1. Individual Insurance
- 1.2. Annuity Insurance
- 1.3. Endowment Insurance
- 1.4. Whole Life Insurance
- 1.5. Other Insurance Types
UAE Life and Annuity Insurance Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
UAE Life and Annuity Insurance Market Regional Market Share
Geographic Coverage of UAE Life and Annuity Insurance Market
UAE Life and Annuity Insurance Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7.4% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increased Awareness of Insurance; Expanding Distribution Channels
- 3.3. Market Restrains
- 3.3.1. Increased Awareness of Insurance; Expanding Distribution Channels
- 3.4. Market Trends
- 3.4.1. COVID-19 Impact Driving the Market to New Flexible Business Models
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Insurance Type
- 5.1.1. Individual Insurance
- 5.1.2. Annuity Insurance
- 5.1.3. Endowment Insurance
- 5.1.4. Whole Life Insurance
- 5.1.5. Other Insurance Types
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. South America
- 5.2.3. Europe
- 5.2.4. Middle East & Africa
- 5.2.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Insurance Type
- 6. North America UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Insurance Type
- 6.1.1. Individual Insurance
- 6.1.2. Annuity Insurance
- 6.1.3. Endowment Insurance
- 6.1.4. Whole Life Insurance
- 6.1.5. Other Insurance Types
- 6.1. Market Analysis, Insights and Forecast - by Insurance Type
- 7. South America UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Insurance Type
- 7.1.1. Individual Insurance
- 7.1.2. Annuity Insurance
- 7.1.3. Endowment Insurance
- 7.1.4. Whole Life Insurance
- 7.1.5. Other Insurance Types
- 7.1. Market Analysis, Insights and Forecast - by Insurance Type
- 8. Europe UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Insurance Type
- 8.1.1. Individual Insurance
- 8.1.2. Annuity Insurance
- 8.1.3. Endowment Insurance
- 8.1.4. Whole Life Insurance
- 8.1.5. Other Insurance Types
- 8.1. Market Analysis, Insights and Forecast - by Insurance Type
- 9. Middle East & Africa UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Insurance Type
- 9.1.1. Individual Insurance
- 9.1.2. Annuity Insurance
- 9.1.3. Endowment Insurance
- 9.1.4. Whole Life Insurance
- 9.1.5. Other Insurance Types
- 9.1. Market Analysis, Insights and Forecast - by Insurance Type
- 10. Asia Pacific UAE Life and Annuity Insurance Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Insurance Type
- 10.1.1. Individual Insurance
- 10.1.2. Annuity Insurance
- 10.1.3. Endowment Insurance
- 10.1.4. Whole Life Insurance
- 10.1.5. Other Insurance Types
- 10.1. Market Analysis, Insights and Forecast - by Insurance Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Orient Insurance Company
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Abu Dhabi National Insurance Company
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Al Ain Ahlia Insurance
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 SALAMA
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Emirates Insurance Company
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Dubai Insurance Company
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Union Insurance Company
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Dubai National Insurance & Reinsurance PSC
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 AXA Green Crescent Insurance
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Oman Insurance Company**List Not Exhaustive
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Orient Insurance Company
List of Figures
- Figure 1: Global UAE Life and Annuity Insurance Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America UAE Life and Annuity Insurance Market Revenue (billion), by Insurance Type 2025 & 2033
- Figure 3: North America UAE Life and Annuity Insurance Market Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 4: North America UAE Life and Annuity Insurance Market Revenue (billion), by Country 2025 & 2033
- Figure 5: North America UAE Life and Annuity Insurance Market Revenue Share (%), by Country 2025 & 2033
- Figure 6: South America UAE Life and Annuity Insurance Market Revenue (billion), by Insurance Type 2025 & 2033
- Figure 7: South America UAE Life and Annuity Insurance Market Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 8: South America UAE Life and Annuity Insurance Market Revenue (billion), by Country 2025 & 2033
- Figure 9: South America UAE Life and Annuity Insurance Market Revenue Share (%), by Country 2025 & 2033
- Figure 10: Europe UAE Life and Annuity Insurance Market Revenue (billion), by Insurance Type 2025 & 2033
- Figure 11: Europe UAE Life and Annuity Insurance Market Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 12: Europe UAE Life and Annuity Insurance Market Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe UAE Life and Annuity Insurance Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Middle East & Africa UAE Life and Annuity Insurance Market Revenue (billion), by Insurance Type 2025 & 2033
- Figure 15: Middle East & Africa UAE Life and Annuity Insurance Market Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 16: Middle East & Africa UAE Life and Annuity Insurance Market Revenue (billion), by Country 2025 & 2033
- Figure 17: Middle East & Africa UAE Life and Annuity Insurance Market Revenue Share (%), by Country 2025 & 2033
- Figure 18: Asia Pacific UAE Life and Annuity Insurance Market Revenue (billion), by Insurance Type 2025 & 2033
- Figure 19: Asia Pacific UAE Life and Annuity Insurance Market Revenue Share (%), by Insurance Type 2025 & 2033
- Figure 20: Asia Pacific UAE Life and Annuity Insurance Market Revenue (billion), by Country 2025 & 2033
- Figure 21: Asia Pacific UAE Life and Annuity Insurance Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 2: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Region 2020 & 2033
- Table 3: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 4: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Country 2020 & 2033
- Table 5: United States UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 6: Canada UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 7: Mexico UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 9: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Brazil UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Argentina UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 12: Rest of South America UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 13: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 14: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Country 2020 & 2033
- Table 15: United Kingdom UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Germany UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: France UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Italy UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Spain UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Russia UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: Benelux UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Nordics UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Rest of Europe UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 25: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Country 2020 & 2033
- Table 26: Turkey UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Israel UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: GCC UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 29: North Africa UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 30: South Africa UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 31: Rest of Middle East & Africa UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Insurance Type 2020 & 2033
- Table 33: Global UAE Life and Annuity Insurance Market Revenue billion Forecast, by Country 2020 & 2033
- Table 34: China UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: India UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: Japan UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: South Korea UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 38: ASEAN UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 39: Oceania UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 40: Rest of Asia Pacific UAE Life and Annuity Insurance Market Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the UAE Life and Annuity Insurance Market?
The projected CAGR is approximately 7.4%.
2. Which companies are prominent players in the UAE Life and Annuity Insurance Market?
Key companies in the market include Orient Insurance Company, Abu Dhabi National Insurance Company, Al Ain Ahlia Insurance, SALAMA, Emirates Insurance Company, Dubai Insurance Company, Union Insurance Company, Dubai National Insurance & Reinsurance PSC, AXA Green Crescent Insurance, Oman Insurance Company**List Not Exhaustive.
3. What are the main segments of the UAE Life and Annuity Insurance Market?
The market segments include Insurance Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 3.92 billion as of 2022.
5. What are some drivers contributing to market growth?
Increased Awareness of Insurance; Expanding Distribution Channels.
6. What are the notable trends driving market growth?
COVID-19 Impact Driving the Market to New Flexible Business Models.
7. Are there any restraints impacting market growth?
Increased Awareness of Insurance; Expanding Distribution Channels.
8. Can you provide examples of recent developments in the market?
May 2023: Oman Insurance Company P.S.C. ('Sukoon') completed the acquisition of 93.0432% of the share capital of Arabian Scandinavian Insurance Company P.S.C. (ASCANA) by way of the special deal through Dubai Clear. Sukoon signed a share purchase agreement in December 2022 to acquire a majority stake of more than 93% in the DFM-listed takaful insurer.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "UAE Life and Annuity Insurance Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the UAE Life and Annuity Insurance Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the UAE Life and Annuity Insurance Market?
To stay informed about further developments, trends, and reports in the UAE Life and Annuity Insurance Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence