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- UDC enters Guinness World Records with three new global achievements on Gewan and The Pearl Islands
- Saudi Miner Ma'aden's Profit Jumps 82% to $765 Mln in 2024
- WTO Chief Calls for Calm amid Mounting Trade War
- Closing Bell: Saudi main index closes in red at 11,811
- Bahrain All Share Index marks 2.03 points
- World food commodity prices rise in February
- Saudi Arabia submits Expo 2030 Riyadh Registration Dossier to BIE
- Ooredoo upgrades mobile payment security; partners with Evina
- Kuwait partners with Microsoft to drive AI and digital transformation
- ABK hosts EOY 2024 analyst conference
08/03/2025 04:26 AST
UAE's insurance sector will maintain positive growth prospects in 2025, with growth expected to range between 10 per cent and 20 per cent in 2025, following an estimated 20 per cent expansion in 2024, according to S&P Global Ratings.
The agency also highlighted that other Gulf countries will experience similarly favourable growth conditions in their insurance markets, with expected growth rates ranging from 5 per cent to 15 per cent, depending on the "circumstances of each country."
In a statement to the Emirates News Agency (WAM), Emir Mujkic, Director of Insurance Ratings at S&P Global Ratings, said that digitisation is a critical factor in improving customer experience and driving sector growth. He stated that leading UAE insurance companies are heavily investing in automation and digital transformation to enhance operational efficiency and increase their market competitiveness.
He explained that digital transformation is expected to offer benefits such as improving customer experience by providing easier access to insurance products through digital platforms, delivering more tailored services through advanced data analytics, and streamlining the claims process. These efforts will contribute to higher customer satisfaction and increased participation in insurance services.
Gulfnews
| Ticker | Price | Volume |
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08/03/2025
Saudi Arabian Mining Co. (Ma'aden), the Middle East's largest multi-commodity mining company, reported a net profit of SAR2.87 billion ($765 million) for the fourth quarter and full year 2024, up 82%
Asharq Al Awsat
08/03/2025
The National Center for Non-Profit Sector Development held a virtual workshop on combating money laundering and terrorism financing, targeting non-profit organizations, including charitable associati
Arab News
08/03/2025
Qatar's plan to reorient spending to support knowledge-based growth could boost growth effects of fiscal spending and there is scope to further improve efficiency in spending, according to an Interna
Gulf Times
08/03/2025
DP World's Jeddah terminal, its first concession outside the UAE since 1999, has been vital to regional trade. Under a 30-year BOT agreement, its latest expansion strengthens Jeddah's role as a key t
Gulfnews
08/03/2025
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic will create further growth and prosperity opportunities for business communities in both count
Trade Arabia
Financial Information Co.
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