United Arab Emirates

United Arab Emirates is considered to be the largest Insurance market among the Gulf Co-operative Council (GCC) countries and perhaps, beyond 30 in the world ranking.  National companies dominate with more than 75% share in the non-life insurance market and the rest is shared by Foreign Companies.  However, so far as the life insurance market is concerned, the situation is almost the reverse with National companies sharing a little over 30% while the rest is shared among Foreign companies.

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NationalCarrier NameOfficial URLS&P RatingAM BestLast updated
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NationalCarrier NameOfficial URLS&P RatingAM BestLast updated
 Abu Dhabi National Insurance Company PSC ADNIC, Abu Dhabi A- Positive  September 14, 2010 
 Al Ain Ahlia Insurance Company PSC AAA, Abu Dhabi BBBpi  March 11, 2010 
 Al Buhaira National Insurance Company PSC ABNIC, Sharjah BB+ Stable  August 2, 2011 
 Al Dhafra Insurance Company PSC Al Dhafra, Abu Dhabi BBBpi  March 11, 2010 
 Al Khazna Insurance Company PSC Al Khazna, Abu Dhabi    
 Alliance Insurance Company PSC Alliance, Dubai    
 Allianz SE Allianz, Dubai AA Negative  January 27, 2012 
 Al Sagr National Insurance Company PSC ASNIC, Dubai BBBpi  March 11, 2010 
 Al Wathba National Insurance Company PSC AWNIC, Abu Dhabi    
 Arabian Scandinavian Insurance Company PLC ASCANA, Dubai    
 Arab Orient Insurance Company PSC AOIC, Dubai A Stable  March 11, 2010 
 AXA Insurance Gulf AXA, Dubai    
 Chartis MEMSA     
 Dubai Islamic Insurance & Reinsurance Company PSC AMAN, Dubai BBB Negative  March 11, 2010 
 Dubai National Insurance & Reinsurance Company PSC DNIRC, Dubai    
 Emirates Insurance Company PSC EIC, Abu Dhabi BBB+ Stable  March 11, 2010 
 Flagstone Alliance Insurance & Reinsurance PLC Flagstone Re Dubai NR A- March 11, 2010 
 Islamic Arab Insurance Company PSC SALAMA, Dubai A- Stable  November 9, 2011 
 Liberty Mutual Insurance Europe Ltd. Liberty Mutual Dubai A- Stable  March 11, 2010 
 National General Insurance Company PSC NGI, Dubai BBB Stable  March 11, 2010 
 Oman Insurance Company PSC OIC, Dubai BBB Watch/Negative  March 11, 2010 
 Qatar General Insurance & Reinsurance Co. S.A.Q. Qatar General Home Page BBBpi  March 11, 2010 
 Qatar Insurance Co. S.A.Q. QIC Home Page A Stable  March 11, 2010 
 QBE Insurance (Europe) Ltd. QBE Europe A+ Stable  March 11, 2010 
 Royal & Sun Alliance (Middle East) Limited RSA UAE A Stable A- March 11, 2010 
 Tokio Marine & Nichido Fire Insurance Co.Ltd. TMNF Dubai AA Negative A++ March 11, 2010 
 Zurich Insurance Company Limited  AA- Negative  March 11, 2010 
Showing 27 items