Dubai Insurance Co. PSC
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Dubai Insurance Company
(DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the
first local company in the UAE.
Since then, DIN has always
provided excellent service to its Clientele. The major transformation took
place when the newly, agile and proactive Board of Directors were elected in
early 2006. Dubai Insurance’s new Board of Directors together with the new
management team tripled and doubled its revenue, profitability and client
offering while maintaining the same unique values the founders were keen to
establish.
Revenue multiplied from Aed
24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its
composite P&C and Life License, Dubai Insurance offers a varied portfolio
of products including Property, Liability, Marine, Group Life and Medical and
many other specialty lines including Credit and Surety.
In acknowledgement of its
performance and outlook, AM Best has assigned Financial Strength Rating of
A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.
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.
In the past 15 years, Dubai
insurance has seen a steady growth, in profits as well as premiums. What we are
most proud of, is our contributions to the community and working closely with
government entities to ensure that the community living here or visiting have
the necessary insurance protecting them and making society work at peace. Over
the course of 15 years, we, at Dubai insurance have worked hard to consistently
maintain or increase our rating score and these steady increases in growth can
be witnessed throughout the years.
Latest Pressrelease Summaries
Threads
Dubai Insurance Co. has announced the opening of nominations for its Board of Directors membership. The nomination period will run from 14/02/2024 to 23/02/2024. Interested shareholders who meet the conditions for board membership can apply for positions such as Executive Director, Non-Executive Director, or Independent Director. The board will elect seven members. Nominations will remain open for ten days, and applicants must comply with the conditions set forth in Federal Law No. (32) Of 2021 and the Board of Directors’ Decision no. (3.R.M / Chairman) of 2020. After the nomination period closes, the company will publish a list of candidates on its website and at its head office. A list of candidates will also be provided to the Securities and Commodities Authority.