Axis Insurance Brokers

What Axis Insurance Brokers does

Axis Insurance Brokers is a private insurance brokerage firm headquartered in Abu Dhabi, United Arab Emirates, providing claims management, risk management, consulting, insurance broking, and advisory services to clients in the Middle East. Founded in 2006, the firm employs between 101 and 250 staff and serves clients across the United Arab Emirates under the leadership of Group CEO Raed Fayad. The firm is privately held and does not publicly disclose revenue, ownership, or pricing details.

In September 2024, Axis Insurance expanded beyond the Middle East by acquiring Baker Insurance, adding a Calgary, Alberta operation and a Canadian market presence to its footprint. The deal is the primary disclosed strategic action and the main source of geographic information beyond the United Arab Emirates. No further information on the acquired entity's book of business, integration plan, or deal economics is publicly available.

The firm's underlying product portfolio, technology stack, and customer segmentation are not disclosed in the available sources. Pricing is not publicly posted and no applications, APIs, or digital platforms are documented. With ownership, capital structure, revenue, and product detail all undisclosed, the public record is limited to its 2006 founding, two operating geographies (UAE and Canada), and the Baker Insurance transaction.

Name

Axis Insurance Brokers

Website

https://axisinsurance.ae

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Axis Insurance Brokers is a private Abu Dhabi-based insurance brokerage founded in 2006 that provides claims management, risk management, consulting, insurance broking, and advisory services to clients in the United Arab Emirates and, since September 2024, Canada.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Insurance brokerage
• Risk management
• Claims management
• Insurance advisory
• Commercial insurance

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Core offering

Axis Insurance Brokers is an insurance brokerage firm that provides claims management, risk management, consulting, insurance broking, and advisory services. The company serves clients in the Middle East (headquartered in Abu Dhabi, UAE) and North America (Calgary, Canada, through the acquisition of Baker Insurance in September 2024), with a workforce of 101-250 employees. Founded in 2006, Axis positions itself as a multi-regional insurance intermediary supporting corporate and commercial clients.

Product overview

Based on the available source data, Axis Insurance Brokers operates in the insurance brokerage sector. The company expanded its Calgary operations through the acquisition of Baker Insurance in September 2024. No detailed product portfolio or service offerings are documented in the current sources.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Broking
• Claims Management
• Risk Management
• Insurance Consulting
• Insurance Advisory Services

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves2 records

Expansion highlights3 records

Broad incumbents

• Lockton Companies: Largest independent insurance brokerage in the world, with a private partnership model. Closely comparable to Axis in being a privately held, relationship-driven broker offering full-service risk advisory and broking across multiple geographies.
• Aon plc: Global professional services firm focused on risk management, insurance brokerage, and reinsurance. Comparable to Axis across insurance broking, risk advisory, and consulting offerings, and operates extensively in the Middle East and Canada.
• Willis Towers Watson (WTW): Global advisory, broking, and solutions company with strong risk and insurance brokerage lines. Comparable to Axis in combining insurance placement with consulting/advisory and in having a meaningful Middle East presence.
• Marsh & McLennan: World's largest insurance broker and risk advisor with deep specialty and consulting capabilities. Directly comparable as it competes for the same commercial and specialty accounts Axis targets, and sets the global standard for integrated risk advisory and claims services.
• Arthur J. Gallagher & Co. Large global insurance brokerage and risk management firm offering retail and wholesale brokerage, risk advisory, and claims management. Highly comparable to Axis because it covers the same full-service brokerage plus consulting model at much larger scale, defining the upper benchmark Axis would aim toward.

Direct peers

• Brown & Brown, Inc. Diversified insurance brokerage that grows primarily through decentralized acquisitions of regional brokers. Comparable to Axis on the M&A playbook, multi-jurisdiction expansion model, and full-service commercial brokerage focus.
• Hub International: North American insurance brokerage with a heavy acquisition-led growth strategy focused on middle-market commercial accounts. Highly comparable to Axis because it is also a serial acquirer that consolidates regional brokerages, including in Canada, expanding via tuck-ins.

Regional players

• Oman Insurance Company (Sukoon Insurance): Leading UAE insurance company serving both individual and corporate clients across the Middle East. Comparable to Axis as a regional peer with diversified personal and commercial lines plus risk advisory exposure in the same Gulf market.
• Abu Dhabi National Insurance Company (ADNIC): One of the largest UAE-headquartered insurance companies, operating in both personal and commercial lines. Directly comparable as a UAE peer competing for similar clients and risks in Axis's home market.
• Dubai Insurance Co. UAE-established insurance provider offering personal and commercial lines. Comparable to Axis as a long-standing UAE-based peer in the same general insurance and risk advisory ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/Axis_Insurance
• Facebookfacebook.com/AxisInsuranceBrokersLLC
• LinkedInlinkedin.com/company/axis-insurance-brokers-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Axis Insurance Brokers