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Monday 07 April 2025

Monday 07 April 2025

The Annual Report on the UAE Insurance Sector for 2025

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Insurance Guidelines

On this Page

Overview

Supervision policies

Insurance Core Principles

Insurance guidelines

FAQs
The Central Bank of the UAE regulates and supervises the UAE insurance sector. Its central objective is to maintain a favourable climate for the development of the UAE insurance industry.

In doing so, the CBUAE will serve a broader purpose, including the advancement and protection of the national economy and supporting UAE economic development. The insurance function of the CBUAE also helps to create fair and effective competition within the nation’s insurance industry, promotes quality insurance services at affordable rates and advances Emiratisation in the UAE insurance market. 

Related links

Supervision

Bank Guidelines

Payment Systems Supervision

Supervision policies

 

Until 2020, control over the UAE’s insurance market was the responsibility of a separate entity, the Insurance Authority (IA). The IA was established under the Federal Law No. 6 of 2007 with a legal personality, and financial and administrative independence. This Law mandated the IA to regulate and supervise the insurance sector. After the IA was merged with the CBUAE following Decretal Federal Law No. (25) of 2020, the CBUAE took over responsibility for the regulatory, supervisory, licensing and enforcement functions of the insurance sector. 

Insurance Core Principles

The CBUAE requires all insurance companies operating in the UAE to adopt the Insurance Core Principles (ICP) set out by the International Association of Insurance Supervisors (IAIS).

The IAIS is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions. The association promotes the effective and consistent supervision of the global insurance industry to establish and maintain fair, safe and stable insurance markets, with the aim of protecting policyholders and supporting global financial stability.

The ICPs are updated periodically by the IAIS as necessary.

Insurance guidelines

The insurance function of the CBUAE organises and regulates the insurance sector to create a suitable environment to: 

  • Secure lives, properties, and liabilities against risks in order to protect the national economy;

  • Collect, develop, and invest the national savings to sustain the economic development of the State;

  • Encourage fair and effective competition;

  • Provide the best insurance services in competitive premiums and coverage;

  • Further Emiratisation of the insurance markets

Solvency

The UAE insurance sector has strict guidelines around solvency to protect consumers, businesses and industries. These regulations include minimum capital requirements, solvency margins, funding and more

Reinsurance

Reinsurance means to cede part of or the entire liability for the risk taken by the direct insurer (insurer A) under the insurance contract to the reinsurer (insurer B). Reinsurance also reallocates any rights and obligations to the reinsurer.

Life and Non-Life Insurance

Life and Non-Life Insurance both arise from contracts where the insurer is obliged to pay the insured or the beneficiary compensation in case of damages or loss. This arrangement is made in return for instalments or monetary sums paid by the insured. The direct insurance operations are divided into three types: - Life Insurance and Funds Accumulation Operations - Properties Insurance - Liabilities Insurance

FAQs

Yes. The CBUAE and our supervision function diligently regulates insurance providers against a set group of guidelines, policies, and regulations to ensure that all providers meet the quality standards set.

The insurance guidelines help to safeguard the UAE insurance sector by setting a minimum operating quality standards for providers, whilst also supporting providers to overcome operational challenges.

All available insurance guidelines can be accessed on our website by following this link.

Yes. Our insurance guidelines page offers the ability to search for historical guidelines held in our archives online.

Not all of them. While all insurance guidelines drawn up by the CBUAE supervision department are found on our website, we also provide access to guidance and principles from other related entities. This includes the Insurance Core Principles (ICP) outlined by the International Association of Insurance Supervisors (IAIS), on which you can read more about here.

Our insurance guidelines relate to a broad variety of areas, including solvency, reinsurance, life and non-life insurance.

Last updated on: Wednesday 17 June 2026

Total visitors 21637

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