The UAE is the GCC’s second largest automotive market, importing around 170,000 vehicles a year, of which almost a quarter are luxury vehicles. With no indigenous manufacturers, the UAE’s automotive sector consists primarily of importers and dealerships, along with some commercial vehicle assembly operations.
Rising oil prices and the introduction of VAT on vehicle sales in 2018 could dampen private motor sales to an extent. But local demand remains healthy, especially on the commercial side, where it is fuelled by a booming construction sector. Factors including rapidly expanding infrastructure, improved access to vehicle finance, and the UAE’s emergence as a regional re-export hub create exciting opportunities.
QBE has been providing a wide range of insurance products to automotive manufacturers, dealerships, financial institutions, trucking companies, fleet operators, maintenance service companies, and parts and equipment suppliers for many years.
We have long-standing relationships with automotive manufacturers from all over the world, including Ford, Mercedes Benz, BMW, Audi, Toyota and Chrysler.
Our experience of working with the automotive sector – coupled with our flexible, problem-solving approach – means that we are able to create tailor-made products for your particular circumstances.
As part of the wider QBE Group, we have the resources to deliver effective insurance solutions and support wherever your operations take you. Our local servicing footprint extends to more than 150 countries, so we are well placed to deliver globally compliant multinational programmes.
In the event of a claim, our Claims team have the authority to make decisions, so they are able to respond to your needs quickly and efficiently. They take a creative, proactive approach to managing an evolving claims situation to ensure that your assets are protected.
Finally, under our unique QBE Premiums4Good initiative, we offer the opportunity for 25 per cent of your premiums to be invested in projects that benefit communities or the environment. We provide annual updates about the projects we have supported, which you are welcome to use in your own reports to stakeholders, employees and customers.
We offer specialist affinity insurance and warranty products that can help you to enhance your brand and generate revenue.
Read more about Automotive Protection
Our Cyber policy protects against the range of risks associated with cyber breaches and provides critical support in the event of an attack.
Read more about Cyber
Our Directors’ and Officers’ cover protects your senior employees against claims resulting from actual or alleged failings in the carrying out of their duties.
Read more about Directors’ and Officers’ Liability