Latest news with #RahulDixit
Gulf Business
3 days ago
- Automotive
- Gulf Business
Rising insurance premiums reshape UAE consumer spending, NIQ report shows
Image: WAM A new report from market intelligence firm NielsenIQ ( According to the report, over half of surveyed consumers reported an increase in insurance premiums, with more than 80 per cent expecting further hikes —particularly in the auto sector. This has led to a surge in interest for cost-effective solutions, including loyalty rewards, no-claims discounts, and policies with reduced coverage. 'While inflation is beginning to ease, its impact on household budgets remains,' said Rahul Dixit, Strategic Analytics & Insights leader for the Arabian Peninsula and Pakistan at NIQ. 'Consumers are adapting by redefining what value means to them — favouring durability, longevity, and predictability in their purchases.' Key findings from the insurance themed survey The findings are based on an online survey of 300 UAE-based car owners conducted in March 2025, with a 4.75 per cent margin of error at a 90 per cent confidence level. As part of this shift in mindset, 76 per cent of UAE consumers expressed a strong interest in securing multi-year fixed-rate auto The report also found that 70 per cent of consumers are willing to pay a premium for products offering durability and longevity, indicating a broader trend toward strategic spending. This sentiment is echoed across the Middle East and Africa, where 76 per cent of consumers are seeking additional income streams beyond their primary jobs to counteract economic pressure. NIQ emphasised that businesses must bridge the 'say-do' gap — the difference between consumer intentions and actual behaviour — through data-driven insights. Traditional methods like discounts or heightened advertising are increasingly insufficient in a market where value is defined by context, timing, and subconscious factors. As consumers in the UAE and wider region become more discerning, the report suggests that companies capable of aligning with evolving expectations stand to gain a competitive edge in a shifting economic landscape.
Mid East Info
4 days ago
- Automotive
- Mid East Info
Rising Insurance Premiums Reshape Consumer Spending in the UAE, NielsenIQ Report Reveals - Middle East Business News and Information
In the UAE, 76% are interested in securing multi-year fixed-rate insurance policies to safeguard against future premium hikes 70% of consumers expressed a willingness to pay a premium for products that offer durability and longevity 76% of consumers in the Middle East and Africa are actively seeking additional income streams beyond their primary jobs Dubai, UAE: A recent report from NIQ reveals that increasing insurance premiums are significantly altering consumer behavior in the UAE, prompting individuals to reconsider their spending strategies and adopt new cost-saving measures. With over half of surveyed consumers indicating increases in their insurance premiums—and more than 80% expecting further hikes—many are adjusting their financial plans accordingly. Auto insurance, in particular, has seen a significant rise, prompting consumers to seek smarter and more sustainable financial solutions. Strategic Spending and Smart Solutions Over 70% of consumers are actively utilising loyalty rewards, no-claims discounts, and reduced coverage levels to manage costs. In response to inflationary pressures, many are also shifting their focus towards products and services that promise long-term value. NIQ's latest Consumer Outlook report shows that 76% of consumers in the Middle East and Africa are pursuing additional income streams and spending with more deliberate intent than in previous years. ' While inflation is beginning to ease, its impact on household budgets remains ,' said Rahul Dixit, Strategic Analytics & Insights Leader, Arabian Peninsula & Pakistan, NIQ. ' Consumers are adapting by redefining what value means to them—favouring durability, longevity, and predictability in their purchases .' Understanding the discrepancy between consumer intention and behaviour—the 'say-do' gap—is crucial. Businesses that accurately identify this gap will be better equipped to meet evolving expectations and uncover new growth opportunities. Multi-Year Insurance Policies Gain Traction This value-driven mindset is also influencing insurance choices. A growing number of consumers in the UAE—76%, according to NIQ—are expressing a strong interest in multi-year fixed-rate auto insurance policies, seeking protection against future premium fluctuations. Rethinking Value in a Shifting Market Traditional tactics such as price discounts or increased advertising are no longer sufficient to influence consumer decisions. The concept of value has become more complex, shaped by context, timing, and subconscious influences. NIQ highlights the significance of a data-driven approach that captures not only what consumers express but also how they behave. * based on an online panel based survey of 300 car owners residing in UAE, conducted in March 2025 @ 4.75% margin of error & 90% confidence level. About NielsenIQ NIQ is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. NIQ combined with GfK in 2023, bringing together two industry leaders with unparalleled global reach. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $ 7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™.
Zawya
4 days ago
- Business
- Zawya
Rising insurance premiums reshape consumer spending in the UAE, NielsenIQ report reveals
70% of consumers expressed a willingness to pay a premium for products that offer durability and longevity 76% of consumers in the Middle East and Africa are actively seeking additional income streams beyond their primary jobs Dubai, UAE: A recent report from NIQ reveals that increasing insurance premiums are significantly altering consumer behavior in the UAE, prompting individuals to reconsider their spending strategies and adopt new cost-saving measures. With over half of surveyed consumers indicating increases in their insurance premiums—and more than 80% expecting further hikes—many are adjusting their financial plans accordingly. Auto insurance, in particular, has seen a significant rise, prompting consumers to seek smarter and more sustainable financial solutions. Strategic Spending and Smart Solutions Over 70% of consumers are actively utilising loyalty rewards, no-claims discounts, and reduced coverage levels to manage costs. In response to inflationary pressures, many are also shifting their focus towards products and services that promise long-term value. NIQ's latest Consumer Outlook report shows that 76% of consumers in the Middle East and Africa are pursuing additional income streams and spending with more deliberate intent than in previous years. ' While inflation is beginning to ease, its impact on household budgets remains,' Rahul Dixit, Strategic Analytics & Insights Leader, Arabian Peninsula & Pakistan, NIQ said . ' Consumers are adapting by redefining what value means to them—favouring durability, longevity, and predictability in their purchases.' Understanding the discrepancy between consumer intention and behaviour—the 'say-do' gap—is crucial. Businesses that accurately identify this gap will be better equipped to meet evolving expectations and uncover new growth opportunities. Multi-Year Insurance Policies Gain Traction This value-driven mindset is also influencing insurance choices. A growing number of consumers in the UAE—76%, according to NIQ—are expressing a strong interest in multi-year fixed-rate auto insurance policies, seeking protection against future premium fluctuations. Rethinking Value in a Shifting Market Traditional tactics such as price discounts or increased advertising are no longer sufficient to influence consumer decisions. The concept of value has become more complex, shaped by context, timing, and subconscious influences. NIQ highlights the significance of a data-driven approach that captures not only what consumers express but also how they behave. * based on an online panel based survey of 300 car owners residing in UAE, conducted in March 2025 @ 4.75% margin of error & 90% confidence level. About NielsenIQ NIQ is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. NIQ combined with GfK in 2023, bringing together two industry leaders with unparalleled global reach. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $ 7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. For more information, please visit
