Dubai Financial Market (DFM) is the Leading Financial Market in the GCC Region

Date: 2015-09-07

“• The UAE’s life insurance segment has the highest insurance penetration rate in the Gulf Cooperation Council (GCC) region.

• However, compared to more developed Asian economies such as Taiwan and South Korea, the segment remains relatively underpenetrated. 

• To limit salary outflows from expatriates to their home countries, the NBAD introduced the Wealth Builder Plan, offering private pension plans, in February 2013.

• The Dubai Financial Market (DFM) is the leading financial market in the GCC region, with the stock market recording increase in trade volumes in 2013 and 2014 supporting demand for investment-linked life insurance. 

• The Emirati life segment is primarily dominated by foreign insurers.

• In October 2013, new regulations for brokers were implemented.”

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