Al Khazna Insurance Company

Name

Al Khazna Insurance Company

Legal name

Al Khazna Insurance Company P.S.C.

Website

https://alkhazna.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)

akta.pro primary industry

Commercial General Liability (CGL) (FSAJADAA)

akta.pro secondary industry

Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• General insurance products
• Motor insurance coverage
• Property and casualty insurance
• Marine and energy insurance
• Medical and life insurance

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums - General Insurance: Al Khazna Insurance Company P.S.C. generates revenue through insurance premiums across multiple lines of business including Motor, Property, Fire, Engineering, Business Interruption, Accident & Liability, Marine, Medical, and Life insurance. The company is authorized to write all classes of general insurance and reinsurance business, operating since 1997 with over 10,000 shareholders providing financial stability and customer confidence.
2. Motor Insurance: Motor insurance products including comprehensive car insurance (loss, damage and third party liability), third party liability policies, and third party fire and theft coverage. Revenue generated through annual premiums for private individuals and fleet insurance for corporate clients.
3. Medical Insurance: Medical/health insurance combining flexibility of cover with a wide range of benefits across different territories on a direct billing basis through a comprehensive network of providers in UAE, GCC and International markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Al Khazna Insurance Company P.S.C. is a UAE-based general insurance company authorized to write all classes of general insurance and reinsurance business. It underwrites and distributes ten core product lines — Motor, Home, Property, Fire, Engineering, Business Interruption, Accident & Liability, Marine, Medical, and Life insurance — to individual consumers, businesses, and specialized marine/energy/aviation sectors across the UAE and GCC markets.

Product overview

Al Khazna Insurance Company is an insurance company offering a diversified portfolio of general insurance products and services. The company provides ten core insurance products: Motor Insurance (covering vehicles, third party liability, fire and theft), Home Insurance, Property Insurance, Fire Insurance (with Allied Perils and Property All Risks), Engineering Insurance (Contractors All Risks, Erection All Risks, Machinery), Business Insurance (business interruption), Accident & Liability Insurance (Personal Accident, Workmen Compensation, Professional Indemnity, Medical Malpractice, General Third Party), Marine Insurance (cargo, hull, war, aviation), Medical Insurance (with direct billing network across UAE and GCC), and Life Insurance. The products serve individual consumers, businesses, and organizations across the UAE and GCC region.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Covers accidental loss or damage to vehicles and legal liability arising from third-party accidental loss or damage. Available as Comprehensive Car Insurance (loss, damage and third-party liability), Third Party Liability Insurance, and Third Party Fire and Theft. Includes Executive Scheme, High Valued Vehicles, Road Side Assistance, Extended Warranty, and Car Replacement. Serves private individuals and fleet operators.
• Home Insurance Insurance cover against accidental loss or damage to the home and/or contents inside the home along with protection against various forms of liabilities that can be encountered by homeowners or tenants.
• Property Insurance Covers a large book of property business, both operational and construction risks, for commercial clients.
• Fire Insurance Protection against Fire and Allied Perils, Consequential Loss and Property All Risks Insurance for all types of risks ranging from residential to commercial enterprises and industrial. Includes package insurance products covering building and contents against accidental loss or damage along with liabilities and other perils.
• Engineering Insurance Operational and project insurances including Contractors All Risks (civil construction), Erection All Risks, Advanced Loss of Profit and Delay in Start-up, Machinery All Risks Insurance, Electronic Equipment Insurance, and Machinery Breakdown Insurance.
• Business Insurance (Business Interruption) Insurance cover for interruption in business causing financial loss due to reduction in earning or increased cost of working following damage by any insured peril under fire and special perils, Property All Risk, or Machinery Breakdown policies.
• Accident & Liability Insurance Coverage including Personal Accident, Accidental injury or death, Workmen Compensation Insurance, Professional Indemnity Insurance, Medical Malpractice Insurance, Bankers Blanket Bond Insurance, Money Insurance, Fidelity Guarantee Insurance, Travel Insurance, Financial Loss from Burglary/Theft/Hold-up, and General Third Party Liability.
• Marine Insurance Covers Project Cargoes with risk management services (warranty inspections and discharge supervisions), Energy Offshore and Onshore through reinsurers and international brokers, Hull insurance for fleets against Hull and Machinery losses, War Insurance for cargo/Hull/Floating Energy risks, and Aviation Insurance including hull, spares, third-party liability, crew and passenger liability.
• Medical Insurance Combines flexibility of cover and a wide range of benefits in different territories on a direct billing basis through a comprehensive network of medical providers in UAE, GCC and International markets.
• Life Insurance Designed cover to meet specific client requirements from death (any cause including passive war risks), disability due to accident or sickness, to repatriation of mortal remains to home country or country of residence, plus many tailor-made covers.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Qatar Insurance Company: Largest GCC-listed insurer offering motor, property, marine, aviation, energy, and medical lines with significant UAE/GCC presence. Larger, broader incumbent competing with Al Khazna on corporate and energy placements across the region.
• Allianz Insurance UAE: Global insurer with UAE presence across P&C, health, and life. Larger incumbent with multinational corporate accounts, digital platforms, and underwriting capacity that pressures Al Khazna on larger corporate risks.
• AXA Insurance Gulf: Global insurance group with major UAE/GCC operations across motor, property, medical, and life. Larger global incumbent with strong brand, telematics-based motor products, and corporate capability that competes with Al Khazna's commercial book.

Direct peers

• Emirates Insurance Company: Abu Dhabi-based multi-line insurer writing motor, fire, marine, engineering, and group medical. Comparable UAE-listed general insurer with similar corporate customer focus and ADX listing history.
• Abu Dhabi National Insurance Company (ADNIC): UAE-listed P&C and life insurer headquartered in Abu Dhabi. Most direct peer to Al Khazna: shares the same Abu Dhabi domicile, multi-line general insurance portfolio, GCC distribution, and ADX listing. Directly competes on motor, property, medical, and energy lines.
• Oman Insurance Company: UAE-listed (DFM) multi-line general insurer offering motor, property, marine, medical, life, and energy insurance. Comparable product breadth, Dubai-headquartered, public listing, and broker-driven distribution similar to Al Khazna.
• Dubai Insurance Company: UAE general insurer offering motor, property, marine, medical, and engineering coverage. Smaller publicly listed carrier with similar product mix and broker model; competes head-to-head in Dubai and northern emirates.
• Sharjah Insurance Company: UAE-listed (ADX) general insurer with diversified P&C and life portfolio. Smaller peer with comparable product mix and broker distribution; competes in northern emirates commercial and personal lines.

Regional players

• Saudi National Insurance (Walaa): Saudi-listed multi-line insurer with GCC ambitions. Comparable in product breadth (motor, property, medical, engineering) but anchored in Saudi Arabia; regional player expanding into UAE and competing for cross-border GCC corporate accounts.
• Salama Islamic Arab Insurance: UAE-listed takaful/insurance operator offering family, motor, property, and medical cover. Operates under different model (Sharia-compliant) but in same UAE market and channels; competes for similar individual and corporate customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Al Khazna Insurance Company