Dubai Insurance Company was the first local Insurance Company to be formed in the UAE when it was incorporated in 1970 as a Public Shareholding Company. Thus, we mark 45 years since its formation by Decree of His Highness, Sheikh Rashid Al Makhtoum.
This year premium written by Dubai Insurance is well on its way to reach AED 350 mm in 2015. Even more notable since just a decade ago its gross written premium was under AED 20 mm. Further, despite such steep growth Dubai Insurance remains among the top performers in terms of underwriting profitability.
In acknowledgement of its performance and outlook, AM Best has given Dubai Insurance a B++ (Good) rating with a Positive Outlook.
Under its composite P&C and Life License, Dubai Insurance offers a varied portfolio of products including Property, Professional Indemnity, Marine, Group Life and Medical and many other specialty lines including Credit and Surety.
Dubai Insurance prides itself in partnering with leading international reinsurers to offer our clients the solutions necessary for all their traditional and non-traditional risk management needs.
Dubai Insurance offers capacities in all lines of insurance, supported by such leaders in global reinsurance as Germany’s Hanover Re, France’s SCOR and CCR, Partner Re etc.