Currently growing approximately five per cent each year, the UAE’s manufacturing sector employs 400,000 workers and accounts for half of all non-oil exports. Local and regional demand is growing and the sector is a key focus for government support, which has resulted in the creation of dedicated free trade zones and the recent passing of a law allowing 100% foreign ownership.
As well as operating from a well connected regional logistics hub, UAE-based manufacturers benefit from strong IP protections, duty-free import of machinery and raw materials, and tariff-free access to markets across the GCC and MENA regions. All of this suggests the prospects are good for UAE-based manufacturers, especially those looking to invest in new approaches and technologies like smart manufacturing, AI, robotics and the internet of things.
QBE has a long history of supporting manufacturing companies, from SMEs to multinational organisations. We can support businesses through their entire life cycle, from product inception to manufacturing, sales and delivery.
Our underwriters take the time to understand the nuances of your products and your business. We consider who your customers are and what they expect, as well as the likely impact of any incident on your operations. That allows us to assess your exposures effectively and create a policy that meets your precise requirements.
As we understand how vital it is to keep any interruption to your business to a minimum, our Claims team is committed to reaching fair settlements as quickly as possible.
Finally, we benefit from QBE’s global network, which allows us to underwrite risks around the world. If you have multiple operations abroad, we can write global programmes that provide comprehensive protection and local policies, where required.
Our Cyber policy protects against the range of risks associated with cyber breaches and provides critical support in the event of an attack.
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Our Directors’ and Officers’ cover protects your senior employees against claims resulting from actual or alleged failings in the carrying out of their duties.
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Our General Liability cover offers effective protection against claims for damage or injury brought by third parties.
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We cover a wide range of professions for losses and defence costs if they provide inadequate advice, services or designs that cause a client to lose money.
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