Sukoon Insurance forecasts for UAE insurance market in 2025 and 2026

According to Sukoon Insurance, the UAE insurance market is expected to grow by 15-20% in 2025 and by 10-15% in 2026.

Motor and health insurance are expected to be the main drivers of sector growth in 2026, supported by strong economic momentum, population growth, and the acceleration of digital transformation.

Founded in 1975, Sukoon Insurance celebrated its 50th anniversary in 2025. Over these five decades, the company has demonstrated sustained stability, supported by insurance revenues of 5.41 billion AED (1.5 billion USD) and assets totaling 10.43 billion AED (2.8 billion USD) in 2024.

Sukoon Insurance is rated “A2” by Moody’s and “A” by S&P.