The insurance market in the UAE is represented by local and foreign companies, consultants and brokers. Currently, about 60 insurance organizations (35 local and 25 foreign) are accredited on the territory of the region, where you can insure yourself and your property against various troubles. It is worth highlighting a few companies that are most in demand.
Emirates Insurance Company was founded back in 1982 and operates not only in the United Arab Emirates, but also in the entire Gulf region. It offers high insurance premiums and has a reputable rating that attests to the financial strength and professional management of the company. The following classes of insurance are provided: general, medical, engineering and oil and gas, taking into account contractors’ risks, motor, marine and air cargo insurance.
AXA Gulf BSC is one of the world’s largest insurance service providers, having been in the market for over 70 years. It offers a wide range of products for entrepreneurs of all sizes, from large companies to merchants and the self-employed.
Oman Life Insurance is an organization founded in 1975 that provides a range of insurance solutions for individuals and corporate clients in life, health and general insurance (types: motor, property, engineering, energy, marine, aviation and space). It uses 12 branches, a call center, an exclusive network of agents, international and local brokers to operate.
Al Dhafra is a state-owned company registered under the provisions of the UAE Insurance Law. Business operations are fully automated and branches and offices are connected online to the head office for fast and efficient customer service. They offer all the classic types of services from medical to energy insurance.
National Takaful Company is one of the leading providers of takaful products, which are based on a profit and loss sharing mechanism between the participants and the operator, in accordance with Shariah law, based on the spiritual books of Islam. Services include family, property, auto, accident and travel insurance.
Al Fujairah National Insurance Co is a public limited company established in 1976 by the Government of Fujairah under the Federal Companies Act and the Federal Insurance Act. AFNIC has a wide network of full-fledged branches across the UAE, and customers can also avail its products at insurance ATMs (the first of its kind). The company writes all classes of property and casualty insurance, including motor vehicle and marine, jet aircraft, group life insurance, medical, and others.
Abu Dhabi National Insurance Company, a national company headquartered in Abu Dhabi is one of the leading diversified regional insurance providers with years of experience in insurance and reinsurance. Services to individuals and corporations in the Middle East and North Africa (MENA) region.
Alsagr Cooperative Insurance Company is an organization that provides comprehensive and convenient insurance solutions for individuals and corporations, carefully crafted and seconded by world-class reinsurance companies. As part of its risk management services to clients, the company’s engineers inspect your property and make risk mitigation recommendations to enhance the safety and security of your business facilities.