DIFC Grows 35% in Insurance Business at Biggest Dubai Congress
Image used for illustrative purpose. Photo: WAM
Dubai: The Dubai International Financial Centre (DIFC) reported a 35% rise in gross written premiums in 2024, growing from USD 2.6 billion to USD 3.5 billion. The announcement was made during the largest-ever Dubai World Insurance Congress, which hosted 1,700 participants from 82 countries. Over 6,000 meetings were scheduled, strengthening DIFC’s position as the region’s main insurance and reinsurance hub.
DIFC and Asia House also launched a report, “Embedding Resilience,” showing new opportunities for insurers, especially in tackling climate change, cyber threats, and using technologies like AI and crypto. Arif Amiri, CEO of DIFC Authority, said that DIFC’s strong laws, stable environment, and Dubai’s leadership are helping it grow. Today, over 125 insurance and reinsurance companies are based in DIFC.
The Middle East’s insurance sector is expanding fast, driven by big investments in tourism, construction, and energy projects, and more people are now buying insurance products.
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