UAE Insurance Tenders

Booming market with over $9.2 billion in written premiums in 2022.
Expected to grow at 8% annually, fueled by economic diversification and Vision 2030.
Health insurance leads the pack, followed by property and commercial lines.

Growing segment driven by mandatory insurance requirements for public projects.
Offers lucrative opportunities for local and international insurers.
Tenders typically involve medical, property, liability, and cyber insurance.

Main Insurance Products and Services Procured by United Arab Emirates Government
Medical: Covers medical expenses for government employees and their dependents.
Property: Protects government buildings, infrastructure, and assets.
Liability: Provides financial protection against claims arising from government activities.
Cyber: Mitigates risks associated with data breaches and cyberattacks.

Top Authorities for United Arab Emirates Insurance Procurement
Federal Procurement Office (FPO): Oversees procurement for all federal ministries.
Local Emirate procurement agencies: Handle procurement for specific emirates like Dubai and Abu Dhabi.
Dubai Health Authority (DHA): Manages healthcare procurement for the emirate of Dubai.

Top Winners of United Arab Emirates Insurance Procurement
Local insurers: Like Abu Dhabi National Insurance Company (ADNIC) and Daman.
International giants: Including AXA, Allianz, and AIG.
Consortiums: Combining expertise of local and international players.

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