Iran Insurance

What Iran Insurance does

Iran Insurance Company is a general insurance provider founded in 1970 and headquartered in Dubai, UAE, operating across seven branch offices in the UAE (Dubai, Abu Dhabi, Sharjah, Al Ain, Ras Al Khaimah) and Oman (Muscat, Salalah). The company offers a full portfolio of retail and commercial general insurance lines, including motor, fleet, family medical, home, employees, property, cargo, and engineering (CAR, EAR, MB, CPM, DOS) coverage. Family medical and home products are sold in tiered packages (Diamond/Gold/Silver/Bronze; Platinum/Gold/Silver) with publicly disclosed annual pricing in AED, and the firm leverages ISO 9001 and ISO 10004 certifications as quality markers.

The business is operated on a traditional general insurance platform with multi-line policy administration, supported by third-party integrations: Almadallah administers medical claims with physician-led assessment; International Motoring Club provides 24/7 roadside assistance bundled into motor policies; and direct-billing relationships with Mediclinic, Al Zahra, and 1,700+ network providers serve medical policyholders. Cargo claims leverage an affiliated network of over 200 branches and nearly 4,500 agents in Iran for rapid assessment, a positioning point the company emphasizes for cross-border transit coverage.

Iran Insurance generates revenue through insurance premiums collected in AED across all product lines, with refund structures governed by Insurance Authority tariffs. Distribution is sales-led through physical branches, supplemented by phone and WhatsApp customer service, an online quote-request portal on bimehir.ae, and a broker login channel. The customer base is split horizontally between individual consumers (motor, home, family medical) and businesses (fleet, employees, property, cargo, engineering), with no disclosed anchor enterprise accounts and pricing positioned for both retail and SME buyers.

Name

Iran Insurance

Legal name

Iran Insurance Company

Website

https://bimehir.ae

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

251–500 employees

Short description

Iran Insurance is a UAE-based general insurance company founded in 1970, offering motor, family medical, home, fleet, employees, property, cargo, and engineering coverage through seven branches across the UAE and Oman to individual consumers and businesses.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

akta.pro secondary industries

Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA), Public Liability (Premises/Operations) (FSAJADAD)

Keywords

• General insurance
• Motor insurance
• Medical insurance
• Cargo insurance
• Engineering insurance

Headquarters

HQ city

Deira

HQ country

United Arab Emirates

HQ region

Middle East

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Insurance Premiums: The company generates revenue through collection of insurance premiums across multiple product lines including motor, home, family medical, fleet, employees, property, cargo, and engineering insurance. Premiums are collected in UAE Dirhams with refund policies governed by Insurance Authority tariff structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Iran Insurance is a UAE-based general insurance company selling motor, home, family medical, fleet, employees, property, cargo, and engineering insurance products to individuals and businesses. The company distributes policies through physical branches across the UAE and Oman, complemented by direct website and phone/WhatsApp sales channels, and supports claims through integrations with medical administrators and roadside assistance providers.

Product overview

Iran Insurance operates as a general insurance provider in the UAE and GCC region, offering a comprehensive portfolio of insurance products. The company provides motor insurance (individual and fleet), family medical insurance (Diamond, Gold, Silver, Bronze packages), home insurance (Protect Silver, Gold, Platinum), employees insurance (workmen's compensation, employer's liability, personal accident, group medical), property insurance, cargo insurance, and engineering insurance (Contractors All Risk, Erection All Risk, Machinery Breakdown, Contractor's Plant and Machinery, Deterioration of Stock). Established in 1970, Iran Insurance serves individuals and businesses with general insurance classes including engineering, liability, marine, motor, medical, property, and personal insurance. The company operates through multiple branches across UAE and other GCC countries, integrating with third-party administrators like Almadallah for medical claims processing and International Motoring Club for roadside assistance.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Comprehensive motor vehicle insurance covering third-party liabilities, driver and passenger coverage, vehicle body damages, off-road cover, and extension to Oman, with 24/7 roadside assistance and RTA registration assistance for individual vehicle owners.
• Fleet Insurance Corporate fleet insurance covering multiple vehicles under a single policy with off-road cover, extension to Oman, 24/7 roadside assistance, RTA registration assistance, third-party liability coverage, and manufacturer's workshop repair option for businesses.
• Family Medical Insurance Individual and family medical insurance offered in four tiered packages (Diamond AED 300,000, Gold AED 200,000, Silver AED 100,000, Bronze AED 50,000 annual coverage per person) covering consultation, medicines, diagnostics, surgery, and hospitalization for UAE residents and families.
• Home Insurance Home contents insurance offered in three tiered packages (Protect Silver AED 200, Gold AED 325, Platinum AED 575 per year) covering home contents, landlord liability, alternative accommodation, loss of rent, and home maid accidental death/disability for homeowners and tenants.
• Employees Insurance Multi-line employees insurance package for UAE businesses comprising Workmen's Compensation (mandatory under UAE Labor Law), Employer's Liability, Personal Accident, and tailor-made Group Medical Insurance with optional dental, optical, maternity, and worldwide coverage.
• Property Insurance Comprehensive commercial property insurance for businesses covering buildings, furniture, machinery, and stocks on an All-Risk or specified-peril basis (fire, water pipe burst), with add-on covers for cash-in-safe/in-transit and Fidelity Guarantee against employee dishonesty.
• Cargo Insurance Marine cargo insurance for goods in transit, arranged under internationally accepted terms with free vessel inspection, leveraging Iran Insurance's network of over 200 branches and nearly 4,500 agents across Iran for rapid claims assessment.
• Engineering Insurance Engineering insurance suite for construction and industrial clients, covering Contractors All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown, Contractor's Plant and Machinery, and Deterioration of Stock in cold storage, with free survey and risk management advice.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Four partnerships are on record, tiered core, major and minor.

• International Motoring ClubcoreStrategic or Co-development PartnerInternational Motoring Club provides 24/7 world-class roadside assistance for insured vehicles. Services include towing service, battery boosting, emergency fuel, flat tire replacement, and lock out service at no additional cost to policyholders.
• AlmadallahcoreTechnology or IntegrationAlmadallah is a leading medical insurance administrator in the Emirates that handles claims assessment by a team of professional physicians. This allows independent and unbiased evaluation of claims. Policyholders can follow up on claims status 24/7 through Almadallah call center.
• Mediclinic and Al Zahra Hospital GroupsmajorTechnology or IntegrationNetwork hospitals providing direct billing services for Diamond and Gold package holders. Diamond package includes full direct billing at these facilities, while Gold package offers direct billing with 10% coinsurance.
• RTA (Road and Transport Authority)minorStrategic or Co-development PartnerRTA registration assistance service where vehicles are collected, taken through vehicle tests, and registered with RTA. Iran Insurance handles the queue and process while customers settle RTA fees and fines.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Oman Insurance Company: UAE-headquartered general insurance carrier offering motor, medical, property, engineering, and marine lines. Directly comparable to Iran Insurance on geography (UAE/GCC), product breadth, and target customer segments (individuals and corporates).
• Dubai Insurance Company: Emirati general insurance carrier with similar product suite (motor, property, engineering, marine, medical). Operates in the same UAE retail and corporate market as Iran Insurance with comparable GTM motion.
• Abu Dhabi National Insurance Company (ADNIC): UAE-listed general insurer providing motor, medical, property, marine, and engineering insurance to individuals and corporates. Closely comparable in product mix, GCC distribution, and customer segmentation to Iran Insurance, with broader geographic reach.
• National General Insurance (UAE): UAE-based general insurer offering motor, medical, property, marine cargo, and engineering lines. Similar mid-size regional positioning and product portfolio to Iran Insurance, with comparable customer mix of individuals and SMEs.

Broad incumbents

• Qatar Insurance Company: Largest GCC insurance group with operations across motor, medical, marine, and engineering lines in the UAE and wider MENA. Provides a relevant benchmark for scale, capital structure, and product diversification relative to Iran Insurance's GCC footprint.
• GIG Gulf (formerly AXA Gulf / MetLife Gulf): Gulf-focused multi-line insurer covering motor, medical, home, and travel. Overlaps with Iran Insurance on motor, home, and family medical lines in the UAE retail segment, with greater scale and digital capabilities.
• AXA Insurance Gulf: Global incumbent operating across motor, health, property, and life insurance in the UAE and broader Gulf. Overlaps with Iran Insurance on motor, home, and medical lines, but at significantly larger scale and broader international backing.
• RSA Insurance (Middle East operations): Global general insurer with historical Middle East presence offering motor, property, and liability products. Provides a benchmark for international incumbent operating models in the UAE market where Iran Insurance competes.

Emerging players

• Takaful Emarat: UAE-listed shariah-compliant insurance provider in family and general takaful segments. Adjacent competitor to Iran Insurance in UAE medical and motor markets, particularly for customers seeking Islamic-compliant products.
• Salama Islamic Insurance (Takaful): UAE-listed takaful insurer offering family and general takaful products including motor, medical, and property. Comparable in product structure to Iran Insurance but differentiated by Islamic finance compliance, appealing to a distinct customer subset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iran Insurance