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United Arab Emirates Insurance Pricing Trends Q3 2022

Dubai downtown, amazing city center skyline with luxury skyscrapers, United Arab Emirates

United Arab Emirates

Casualty

Overall, casualty insurance pricing remained stable in the third quarter while workers’ compensation and employers’ liability coverage experienced increased competition from insurers, in some cases leading to pricing decreases.

Property

Property pricing and insurer capacity in the third quarter remained generally stable. Insurer capacity was stable in the third quarter. The scale of global property losses in 2022 will be watched for potential impact on upcoming reinsurance treaty renewals.

(Figure 4) – MENA Country Index: UAE – Graph