GCC: profound changes reshaping the insurance market

The 20^th Annual Gulf Insurance Forum took place on 28 and 29 October 2025 in Dubai, under the theme “Navigating Change: Shaping the Future of Reinsurance in a Dynamic Global Landscape.”

The forum brought together over 250 leaders and experts from more than 30 Arab and international countries.

Discussions focused on the development of the insurance market in the Gulf Cooperation Council (GCC) countries, with participants highlighting the sector’s ongoing economic, environmental, and technological transformations.

The insurance market is expected to continue expanding in the coming years, supported by factors such as sustained economic growth across member states, the acceleration of digital transformation, the adoption of artificial intelligence, and improvements in underwriting and risk assessment practices.

The introduction of mandatory insurance is also considered as a key driver reinforcing the sector.

Additionally, mergers and acquisitions in several GCC countries, particularly Saudi Arabia, have improved the positioning and credit ratings of several local insurers.