Takaful and conventional GWP in insurance market UAE 2017-2022

Published by
Amna Puri-Mirza,
Feb 26, 2024
In 2022, the GWP for Takaful companies was valued at about four billion United Arab Emirates Dirham in the UAE, which was an increase to the previous years. Takaful companies had low GWP values than conventional companies.

Takaful and conventional companies gross written premium (GWP) in the United Arab Emirates (UAE) insurance market from 2017 to 20220 (in billion United Arab Emirates Dirham)*

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Release date

April 2023

Region

United Arab Emirates, MENA

Survey time period

2017 to 2022

Supplementary notes

*Note: 1 AED (United Arab Emirates Dirham) equals approximately 0.27 U.S. dollars and 0.23 euros (as of February 2024).

Note: Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage.

Date collected from several reports.

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