The total production premium In the seven months of January -July 2025, it increased by 4.3%compared to the loss industry last year with the market for 9.3%, while life insurance fell marginally by 1%, according to UAE data.
In July alone, premium production reached € 595.4 million, recording a 10.6% rise against July 2024 and 16.5% compared to June, an indication that the third quarter started at a stronger pace for the insurance market.
In losses against damage, the fire insurance and nature insurance went up 15.6% in the seven months. Land vehicles (the same damage) went to +11.6%, while vehicle liability rose 6.1%. Accidents (+20.2%), assistance (+12.1%), “various money losses” (+18.7%) and guarantees (+42.7%) were strong, with the latter reflecting increased demand for conventional fuses in projects and supplies. In contrast, maritime (-0.7%) and the transported goods (-2.8%) were left behind, despite the positive spin in July.
In life, the whole seven months remained marginally negative (-1.0%). Unit-Linked products passed on positive territory at +2.2% in the seven months and accelerated in July: +25.1% on a year and +76.3% compared to June. On the contrary, the management of collective pension funds fell 9.4% in the seven months and -10.7% in July compared to last July. Overall, life rose 4.9% compared to June and 6.3% against July 2024, carrying a momentum in the middle of summer.
In the twelve -month rolling (August 2024 – July 2025) the market increased by 6.0%, with damage to +9.6%and life to +2.2%.
The figures show a jump in July with a total of +16.5% compared to June, with life moving to +33.0% and damage to +2.8%.