UAE insurers are moving war-risk coverage beyond specialized shipping and aviation into mainstream retail and SME products as geopolitical tensions involving Iran keep escalating. Sukoon Insurance has introduced a Motor War Cover add-on for comprehensive policies, offering up to AED 5 million for war, strikes, terrorism and riots within the UAE. Other firms are widening protection for cargo, residential units and travel disruption, while intermediaries market packages for operational losses, employee injuries and contract-related liabilities.
Third party (TP) premiums are now driving motor insurance expansion. In FY26, TP premiums grew 9.3% versus 9% for own-damage (OD), lifting overall motor coverage by about 9% on an estimated ₹1.08 lakh crore base. The shift reverses FY24’s pattern, and is happening even though regulated TP premium rates have not increased since the pandemic.
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The Punjab and Haryana High Court held that a driving licence remains legally valid for 30 days after expiry under the Motor Vehicle Act. The ruling limits insurers from denying or recovering compensation when accidents occur within this statutory grace period, because the licence is deemed effective during those 30 days.
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