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Now, UAE residents can pay insurance premiums, file claims in cryptocurrencies
Dubai Insurance launches the first digital wallet for crypto assets in the UAE insurance sector
- PUBLISHED: Wed 28 Jan 2026, 11:38 AM
- By:
- Waheed Abbas
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The insurance sector in the UAE has begun to foray into cyptocurrency payment solutions, allowing residents to pay their premiums and file claims in digital currencies.
Dubai Insurance on Wednesday launched the first digital wallet for crypto assets in the UAE insurance sector. Abdellatif Abuqurah, CEO at Dubai Insurance, termed it “a defining moment” for the company and the insurance sector in UAE and the region.
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“By becoming the first insurance company to enable the receipt of premiums and payment of claims in digital assets through a secure digital wallet, we are redefining how insurance services are delivered while remaining aligned with regulatory and governance frameworks,” he said.
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In February 2025, Liva Group and Relm Insurance tied up to launch insurance products for companies operating in new markets like digital assets, blockchain, AI, biotech, and the space economy.
The UAE’s banking sector has already forayed into crypto payment solutions, offering the buying and selling of digital currencies.
RAKBank and Zand have received approvals from the Central Bank of the UAE for dirham-backed stablecoins.
The companies are increasingly launching new products as cryptocurrency adoption in the UAE continues to grow exceptionally fast.
The UAE leads the Middle East and North Africa region in cryptocurrency adoption and is ranked fifth globally, according to the World Crypto Rankings 2025 report by Bybit and DL Research.
“The Emirates are not only setting the pace for Mena but are also becoming the de facto bridge between Asia, Europe, and Africa in tokenised finance,” it said.
Abuqurah of Dubai Insurance said that digital assets have become part of everyday financial life in the UAE. “We believe insurers have a clear role to play providing security, strong governance, and confidence in a changing landscape.”
Dubai Insurance has tied up with Zodia Custody.
“As digital asset adoption accelerates, insurers need trusted infrastructure that allows policyholders to transact confidently with digital assets,” said Zane Suren, managing director, commercial, Middle East and Africa, Zodia Custody.
