Malé, Maldives – The Maldives’ general insurance sector recorded significant growth in 2025, achieving unprecedented revenue figures, according to data released by the Maldives Monetary Authority (MMA).
In the final quarter of 2025, total premiums received by insurance companies reached MVR 803.0 million. This marked a substantial 75 per cent increase from the MVR 456.9 million reported in the third quarter of the same year, indicating a robust performance for the sector.
Key Performance Indicators
The MMA’s report highlighted several key indicators reflecting the sector’s expansion:
- Net Premium: Net premiums, after accounting for re-insurance, increased to MVR 369.3 million.
- Insurance Density: The insurance density, which measures the ratio of insurance per person, rose to USD 91.9.
- Operating Result: The insurance business generated a net profit of MVR 145.4 million during this period.
Despite the considerable increase in income, the total amount disbursed as claims in the fourth quarter remained contained at MVR 219.8 million. This figure represents a decrease from MVR 243.6 million in the preceding quarter. The sustained growth in premiums, coupled with a reduction in claims, has contributed to a notable improvement in the financial health of insurance companies operating in the Maldives.
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