What Emirates Insurance does

Emirates Insurance Company P.J.S.C. (EIC) is a publicly listed Abu Dhabi-based composite insurer founded in 1982 and listed on the Abu Dhabi Securities Exchange (ticker EIC) since November 2000. The company underwrites both commercial and personal lines across motor, property, liability, engineering and construction, marine, oil and gas, medical and group benefits, package products and specialty lines, plus niche personal products such as pleasure craft and elite club coverage. Through its DIFC-based subsidiary Emirates Insurance International (established 2012), EIC also writes cross-border reinsurance for energy, property and engineering risks in African and Asian markets. The company is regulated by the Central Bank of the UAE and carries an A- (Excellent) financial strength rating from AM Best (stable outlook, affirmed August 2026) and an A- credit rating from S&P Global.

EIC operates a digital platform comprising a customer portal, a dedicated broker portal, a mobile app and online claims submission integrated with the Merimen claims system, supported by toll-free contact centers (800 98 customer service, 800 18 claims, 800 73 roadside assistance) and four physical branches (Abu Dhabi HQ, Dubai, Al Ain, Sharjah). A company-wide Digital Transformation Program launched in 2025 to modernize operations and service delivery, alongside integration into the UAE's AlTareq open finance platform that surfaces EIC quotes inside third-party financial applications. Approximately 95% of reinsurance is placed with A-rated or higher reinsurers (Hannover Re, Swiss Re, Lloyd's, Gen Re, Scor, Mapfre, R+V, Partner Re), and 95% of the reinsurance book is A-rated or higher; motor is the dominant line at roughly 60% of net insurance revenue.

The business model is straightforward composite insurance: quote-based, risk-adjusted annual premiums sold through direct channels (customer portal, call centers, branches), intermediary channels (broker network via the broker portal), strategic partnerships (notably the exclusive 2012 Dubai Municipality Western Region 'Tamm' motor distribution agreement), and digital channels (mobile app, AlTareq). H1 2026 gross written premium reached AED 1.0 billion, up 13% year-over-year, ranking EIC as the fifth-largest listed insurer in the UAE by revenue in 2025. Revenue is recurring through annual policy renewals, with diversification across individual customers, SMEs and enterprise accounts, and a separate revenue stream from cross-border reinsurance accepted through the DIFC subsidiary.

Name

Emirates Insurance

Legal name

Emirates Insurance Company P.J.S.C.

Website

https://eminsco.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Short description

Emirates Insurance Company is a publicly-traded Abu Dhabi composite insurer (ADX: EIC) underwriting commercial and personal lines—motor, property, marine, energy, engineering, medical and specialty—and cross-border reinsurance, serving individuals, SMEs, and enterprises across the UAE since 1982.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

akta.pro secondary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

Keywords

• Commercial insurance products
• Motor insurance coverage
• Property insurance policies
• Marine and energy insurance
• International reinsurance services

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Insurance Premiums: Core revenue from motor, property, energy, marine, engineering, liability and medical insurance policies. Motor insurance accounts for approximately 60% of net insurance revenue. Premiums are recurring in nature with annual renewals.
2. International Reinsurance: Provides reinsurance capacity and accepts cross-border risks for energy and marine sectors in African-Asian markets. 95% of reinsurance program placed with A-rated or higher reinsurers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Emirates Insurance is a composite UAE insurer underwriting motor, property, liability, engineering, medical, marine, oil and gas, package, and speciality lines for businesses and individuals. It also writes international reinsurance for energy, property, and engineering risks through its DIFC-based Emirates Insurance International subsidiary. Policies are distributed via direct sales, broker networks, digital portals, and reinsurance placements with A-rated global reinsurers.

Product overview

Emirates Insurance operates as a composite insurer offering a broad portfolio of insurance and reinsurance products. The core offering comprises business insurance lines (Motor, Property, Liability, Engineering & Construction, Medical & Group Benefits, Marine, Oil & Gas, Package Products, and Speciality Lines) and personal insurance products (Motor, Pleasure Craft, and Elite Club Insurance). The company also provides international reinsurance through its subsidiary Emirates Insurance International, covering energy, property, and engineering risks. Motor insurance represents the dominant business line at approximately 60% of net insurance revenue. The company maintains A-rated financial strength from AM Best and S&P Global.

Differentiator

Problem solved

Functional benefit

Brands

• Yacht Shield: Comprehensive protection policy for yachts and recreational vessels, covering hull, engines, and third-party liability.
• Emirates Insurance International
• AlTareq

Products and services

• Business Motor Insurance Motor vehicle insurance coverage for commercial fleets including roadside assistance and replacement vehicle services, sold to business clients.
• Property Insurance Commercial and residential property insurance covering buildings, contents, and business interruption risks for business clients.
• Liability Insurance Coverage for third-party liability risks arising from business operations, tailored for corporate clients.
• Engineering & Construction Insurance Insurance coverage for construction projects, contractor risks, erection, and machinery breakdown for businesses in the engineering sector.
• Medical & Group Benefits Insurance Health insurance and group employee benefit plans provided to corporate clients for their workforce.
• Marine Insurance Coverage for marine cargo, hull, and liability risks for commercial shipping and trading businesses.
• Oil & Gas Insurance Specialized insurance for energy sector risks including exploration, production, and refining operations for corporate clients.
• Package Products Bundled insurance packages combining multiple coverage types (property, motor, liability) for business customers.
• Speciality Lines Insurance Specialized insurance products for niche risks and specific industry sectors not covered by standard lines.
• Personal Motor Insurance Motor vehicle insurance coverage for individuals' personal vehicles, including roadside assistance and replacement vehicle services.
• Pleasure Craft Insurance Insurance coverage for individual owners' yachts, recreational boats, and pleasure craft including hull, motors, and third-party liability.
• Elite Club Insurance Specialized insurance products for elite club members and high-net-worth individuals covering personal assets and lifestyle risks.
• International Reinsurance Reinsurance solutions including energy, property, and engineering reinsurance for international markets with capacity backed by A-rated reinsurers, operated through Emirates Insurance International at DIFC.
• Yacht Shield Comprehensive yacht insurance sub-brand providing hull, engine, and third-party liability coverage for yachts and recreational vessels under Emirates Insurance.

Quantifiable outcome

• 40+ years of continuous operations since 1982
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Eleven partnerships are on record, tiered strategic, core and major.

• Dubai Municipality Western Region (Exclusive Partnership)strategicChannel Partner/ Reseller/ Distributor · 1 January 2012Exclusive partnership with Dubai Municipality Western Region to provide motor insurance services through the 'Tamm' platform, enabling convenient insurance access for residents in the Western Region.
• Hannover RecoreTechnology or IntegrationMajor global reinsurance partner providing capacity for property and casualty reinsurance. One of the world's largest reinsurers with A-rated financial strength.
• Swiss RecoreTechnology or IntegrationLeading global reinsurer supporting Emirates Insurance's reinsurance program with specialized risk expertise and capacity for complex risks.
• Lloyd's of LondoncoreTechnology or IntegrationMarket platform providing access to specialist insurance and reinsurance capacity through Lloyd's syndicates for complex and specialty risks.
• Gen RecoreTechnology or IntegrationGlobal reinsurance provider offering underwriting expertise and reinsurance capacity supporting Emirates Insurance's risk portfolio.
• GallaghermajorChannel Partner/ Reseller/ DistributorInternational insurance broker and risk management firm acting as distribution partner for reinsurance and specialty insurance products.
• MapfremajorTechnology or IntegrationSpanish multinational insurance company providing reinsurance capacity and potential for cross-market collaboration in select segments.
• R+V VersicherungmajorTechnology or IntegrationGerman mutual insurance group providing reinsurance capacity through cooperative insurance network.
• ScormajorTechnology or IntegrationFrench multinational reinsurer providing treaty and facultative reinsurance capacity for property and casualty lines.
• Partner RemajorTechnology or IntegrationGlobal reinsurance company providing specialized reinsurance solutions and underwriting support.
• AlTareq (Open Finance Platform)strategicTechnology or IntegrationUAE's open finance system operator regulated by CBUAE, enabling EIC to provide insurance comparison and quote services through third-party financial applications.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Al Etihad Cooperative Insurance: Al Etihad Cooperative Insurance is a Saudi-listed (Tadawul) cooperative insurer offering motor, medical, property and engineering coverage. It is a regional peer given comparable composite product offering and GCC market exposure, though Saudi-domiciled rather than UAE.
• Qatar Insurance Company (QIC): QIC is the largest insurer in the GCC and a significant reinsurer via Qatar Re, listed on the Qatar Stock Exchange. It is a relevant regional peer given its dominance in marine/energy reinsurance and GCC-wide footprint that overlaps with EIC's Emirates Insurance International reinsurance book.
• Saudi National Insurance (SAICO): SAICO is a Tadawul-listed Saudi insurer writing motor, medical, property and engineering lines. It is a regional peer due to similar composite P&C and medical product offering across the GCC, with comparable positioning as a mid-tier national carrier.

Direct peers

• Salama Cooperative Insurance Company: Salama (Islamic Arab Insurance) is a DFM-listed UAE cooperative insurer offering motor, medical, property and engineering coverage. It is a direct peer given overlapping UAE composite P&C product mix and broker-led distribution model.
• Takaful Emarat Insurance: Takaful Emarat is a DFM-listed UAE composite insurer offering motor, medical, property and engineering Shari'ah-compliant coverage. It is a direct peer given shared UAE retail/commercial customer base and overlapping motor-led product mix.
• Oman Insurance Company: Oman Insurance is a DFM-listed UAE composite insurer (formerly Oman Insurance/Tokio Marine partnership) writing motor, property, marine, energy and group health. It is a direct peer due to overlapping P&C product set and shared broker distribution in the UAE market.
• Abu Dhabi National Insurance Company (ADNIC): ADNIC is a UAE composite (P&C and life/health) insurer listed on ADX and headquartered in Abu Dhabi. It is a direct peer as both companies are ADX-listed multi-line UAE carriers with overlapping motor, property, marine and energy books and a similar broker-led distribution model.
• Dubai Insurance Company: Dubai Insurance is a DFM-listed UAE composite insurer offering motor, property, marine, engineering and liability lines. It is a direct peer given comparable product mix, UAE-only geographic footprint and similar mid-tier positioning among UAE-listed carriers.

Broad incumbents

• Zurich Insurance Middle East: Zurich Insurance operates a major UAE/GCC platform offering motor, property, energy and engineering insurance with global specialty capabilities. It is a broad incumbent peer because it competes with EIC across commercial and specialty lines and is a leading reinsurance relationship/counterparty for EIC's leadership alumni.
• AXA (GIG Gulf / AXA Green Crescent): AXA operates in the UAE through GIG Gulf (formerly AXA Green Crescent Insurance) as a major multi-line carrier. It is a broad incumbent peer because it competes with EIC across motor, property, marine and health lines from a global brand and larger capital base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/emirates-insurance-company

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 Emirates Insurance