Insurance companies in UAE: A large booming industry in Dubai’s vibrant and pumping economy
Dubai is one of the fastest growing economies of Middle East as well as of the world. The Emirate Dubai has progressed rapidly soon after the discovery of energy resources. Today the economy of Dubai is standing on diverse firm footings and not just relying on rapidly depleting energy resources. Construction, real estate and tourism are the biggest economic sectors contributing heavily to vibrant economy of Dubai. Due to rapid progress being made in many sectors, there is huge inflow of immigrants from every part of the world making Dubai a true metropolitan city.
The diverse background of residents of Dubai living in peace and harmony with great tolerance is something that is not much observed in any other Middle Eastern country. Being a Muslim country one might think many sectors as inappropriate such as insurance. Although a Muslim country, Dubai has adapted western influence quite as much and generally influenced by western culture and way of living many sectors thought of as inappropriate in other Muslim countries are running on full swing in Dubai. Insurance is one such sector which is quite debated among Muslim scholars and seen as not pleasant thing but the insurance sector of Dubai is on full swing contributing quite heavily in Dubai’s economy.
UAE health insurance companies are booming and pumping with capital flowing from local and international investors. Government of Dubai has made medical insurance Dubai impulsive for promotion of insurance among residents of Dubai. Main reason behind impulsion of medical insurance is the massive immigrant’s influx from around the world. People from different countries visit Dubai every year either for business and job purpose or for tourism purpose making medical insurance Dubai crucial.
Moreover, numerous car insurance companies UAE are also operating making financial planning easier and convenient. Financial planning is important when investing or setting business in Dubai as the geo-political situation of Middle East has always remained uncertain and although the government of Dubai has always tried to provide maximum security to its residents and always tried to remain friendly with all other countries of region, then also when working in Middle East as immigrant one needs to get himself/herself secure financially due to dynamic geo-political situation of the region.
This is prime reason for which UAE health insurance has been made impulsive for all residents of Dubai in order for better and secure future of residents of Dubai. Talking about car insurance companies UAE, well there are many insurance companies providing coverage for cars and other autos. Many international insurance companies are offering different insurance policies under one umbrella which can be best for people looking for different type of insurance as it can provide significant cut off in term of monthly premiums as well as great discounts can be asked for when going for different insurance policies by single company.
Internet can be best helper when searching for insurance company’s quotes in Dubai. There are dedicated websites specifically designed for detailed information on each and every insurance company operating in Dubai with all information on quotations and terms and conditions of each company.
Andy Robert is a reputed Medical insurance Dubai agent, and has been working in the local Dubai health insurance business for the last five years. He has worked as a consultant with a number of reputed financial institutions, and is currently residing in Abu Dhabi.
- Article Word Count: 563
- Total Views: 54