InsuranceMarket.ae has joined the Dubai International Financial Centre Insurance Association (DIFCIA) as its newest member.

"This partnership signifies a key milestone in our quest to champion excellence and innovation within the UAE’s insurance industry", it said in a statement on 18 March.

For over a decade, InsuranceMarket.ae  has operated as a digital insurance player in the UAE with a portfolio of over 200,000 live policyholders, making them the largest insurance platform in the region.

The DIFCIA said: "As a member of DIFC IA, and regulated by the Central Bank of the UAE, InsuranceMarket.ae brings a wealth of expertise and innovation to our association. We look forward to collaborating with them to raise industry standards and contribute to the region’s growth and development of the insurance sector.

"Together, DIFC IA and InsuranceMarket.ae are committed to redefining insurance excellence in the UAE, ensuring security and peace of mind for individuals and businesses alike."