Insurance House

What Insurance House does

Insurance House P.J.S.C. is a publicly listed insurer on the Abu Dhabi Securities Exchange (ticker: IH) and a subsidiary of Finance House Group, headquartered in Abu Dhabi, UAE. The company underwrites a comprehensive horizontal portfolio of general insurance products spanning motor (private and commercial), property and casualty, engineering, marine, personal accident and household, travel, group health, aviation, and energy lines, serving SMEs, individual retail customers, and corporate/enterprise clients in the UAE market. Its product set includes both conventional covers (fire, liability, professional indemnity, workmen's compensation) and specialized lines (Banker's Blanket Bond, Jeweller's Block, Erection All Risks, boilers and pressure vessels), all structured to comply with UAE regulatory requirements including Abu Dhabi and Dubai Health Authority mandates and Workmen's Compensation Law No. 8 of 1980.

The company operates a multi-channel distribution model combining its own corporate website and contact center (600511112), a branch network in Abu Dhabi and Dubai/Northern Emirates, and partnerships with ADCB (0% installment plans for motor), Esaad and Fazaa loyalty programs. The underlying technology is a standard insurance operations platform with digital customer service, process automation, and online self-service functionality, augmented by a Copart UAE Auctions partnership for digitally automated vehicle salvage. Revenue is generated almost entirely through insurance premiums, with H1 2026 insurance revenue of AED 278.57 million (up ~56% YoY), and the company maintains a rock-solid liquidity position with cash and equivalents at approximately 38% of total assets as of 30 June 2026. Underwriting quality is prioritized over volume growth under Chairman Mohammed Alqubaisi, with the company executing a strategic reset in 2025 under new CEO Mohammad Alamin Abu Quora (appointed February 2025) that drove a turnaround from a Q1 2024 comprehensive loss of AED 6.89 million to H1 2026 total comprehensive profit of AED 7.89 million.

Name

Insurance House

Legal name

Insurance House P.S.C.

Website

https://insurancehouse.ae

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Insurance House P.J.S.C. is an Abu Dhabi-listed insurer (ADX: IH) and Finance House Group subsidiary offering motor, property and casualty, engineering, marine, health, aviation, energy, and personal insurance to SMEs, retail, and corporate clients across the UAE through direct and partner channels.

Ownership category

akta.pro rank

Product category

General Insurance Services

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

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

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

akta.pro secondary industries

Public Liability (Premises/Operations) (FSAJADAD), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Homeowners Insurance (FSAJACAA), Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA)

Keywords

• General insurance products
• Motor insurance coverage
• Group health insurance
• Property and casualty insurance
• Engineering insurance solutions

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

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: Insurance House generates revenue primarily through underwriting insurance premiums across multiple lines of business including motor, property & casualty, engineering, marine, health, aviation, energy, and personal insurance products. The company reported insurance revenue of AED 278.57 million in H1 2026.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Insurance House is a UAE-based Public Joint Stock Company (PJSC) that underwrites and distributes a comprehensive portfolio of conventional and specialized insurance products across motor, property & casualty, engineering, marine, personal, health, aviation, and energy lines. The company serves both individual consumers (private motor, household, travel, personal accident) and corporate/enterprise clients (commercial motor, contractor's all risk, marine cargo, energy, aviation, group health), operating as a subsidiary of Finance House Group and listed on the Abu Dhabi Securities Exchange (ADX) under ticker symbol IH.

Product overview

Insurance House is a Public Joint Stock Company (PJSC) based in Abu Dhabi, UAE, offering a comprehensive portfolio of conventional and specialized insurance products across nine major categories. The product portfolio spans Motor Insurance (Private and Commercial), Property & Casualty (including Fire, Liability, Professional Indemnity, and specialized covers), Engineering Insurance (Contractor's All Risk, Erection All Risks, Machinery Breakdown), Marine Insurance (Cargo, Yachts, Hull), Personal Insurance (Individual and Group Accident, Household, Travel), Group Health Insurance (with Easy Payment Plan financing option), Aviation Insurance, and Energy Insurance. The company operates as a subsidiary of Finance House Group and is listed on the Abu Dhabi Securities Exchange (ADX) under ticker symbol IH. Its products comply with international standards and local regulatory requirements, serving both corporate and individual customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Motor Insurance Comprehensive motor insurance coverage protecting private vehicle owners against losses or damages resulting from accidents, including driver coverage and third-party liability protection.
• Commercial Motor Insurance Insurance coverage for commercial vehicle fleets providing comprehensive protection, driver insurance, and third-party liability coverage including coverage for death, total disability, and property damage.
• Fire & Allied Perils Insurance Property insurance covering losses or damages from fire and lightning, with optional allied perils coverage including explosion, storm, earthquake, aircraft impact, and other risks.
• Property All Risks Insurance Broad property insurance covering all risks including physical loss, destruction or damage during the policy period, with customizable benefits based on client profession and requirements.
• Public & Product Liability Insurance Coverage protecting insured persons against legal liability arising from negligence, including coverage for third-party property damage, bodily injury or death, with legal defense expenses.
• Personal Accident Insurance 24-hour worldwide coverage protecting against death and disability from accidents, including total permanent disability, partial temporary disability, with worldwide coverage during holidays and business trips.
• Professional Indemnity Insurance Coverage for professionals (engineers, accountants, architects, consultants, lawyers, auditors) against liabilities for damages to clients or third parties due to breach of duty, errors, or negligence.
• Medical Malpractice Insurance Coverage for medical professionals and healthcare providers against liabilities arising from professional work, including bodily injury or death claims.
• Banker's Blanket Bond Protection for financial institutions against various risks including employee fraud, ownership during transit, forgery, theft, robbery, counterfeiting, and damage to furniture and fixtures.
• Workmen's Compensation Insurance Mandatory coverage under UAE Law No. 8 of 1980 protecting employees against work-related injuries, covering death, disability, and medical expenses during and because of work.
• Contractor's All Risk Insurance Coverage against unexpected physical losses or damages to civil contract works, contractor equipment, and temporary and permanent facilities, including third-party liability.
• Erection All Risks Insurance Coverage against unexpected losses or damages to electrical or mechanical construction works, contractor equipment, and facilities during testing or delivery phases, including third-party liabilities.
• Machinery Breakdown Insurance Coverage against unexpected physical losses or damages to machinery from mechanical or electrical faults or external causes not specifically excluded.
• Electronic Equipments Insurance Coverage against physical losses or damages to electronic or electrical equipment including data processing equipment, medical equipment, communications, and navigation systems from unexpected causes.
• Energy Insurance Comprehensive insurance services for energy sector companies covering construction works, onshore and offshore properties, refineries, pipelines, and third-party liabilities.
• Cargo in Transit Insurance Coverage for goods during transit via land, sea, or air including protection against traditional risks, war risks, strikes, and other perils.
• Pleasure Yachts Insurance Coverage for recreational yachts, boats, and craft including hull protection against fire, piracy, and hazards during navigation like collision with foreign objects.
• Individual Personal Accidents Insurance Worldwide accident coverage providing compensation for death and disability, compliant with Abu Dhabi Health Authority requirements.
• Group Personal Accident Insurance Group accident coverage requiring minimum 10 insured employees, with pricing and coverage scope based on geographic region and coverage level.
• Household Insurance Coverage for loss or damage to home contents including landlord liability, tenant coverage against theft or fire damage, money and credit card protection, and domestic worker coverage.
• Travel Insurance Coverage for travelers against unexpected accidents including emergency medical costs, death coverage, repatriation of remains, and lost luggage protection.
• Group Health Insurance Comprehensive health insurance programs for SMEs and large enterprises compliant with Abu Dhabi and Dubai Health Authority regulations, with innovative plans and additional benefits.
• Easy Payment Plan for Group Health Insurance Zero interest installment payment plan for SMEs purchasing group health insurance, offering up to 10-month installments, a 20% initial down payment, and financing up to AED 500,000 of insurance premium, backed by parent Finance House Group.
• Aviation Insurance Coverage for aircraft hull (rotary and fixed wing), passenger and crew liability, cargo, and damaged property, including war risks, refueling liabilities, and operator liabilities.

Quantifiable outcome

• Insurance revenue grew circa 56% to AED 278.57 million in H1 2026 vs H1 2025
• +3 more outcomes

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

Partnerships

Six partnerships are on record, tiered minor and core.

• Bahrain Institute of Banking & Finance (BIBF)minorStrategic or Co-development Partner · 9 October 2023Insurance House partnered with the Bahrain Institute of Banking & Finance (BIBF), a reputable financial institute in the GCC, to deliver a bespoke insurance training programme approved by the Chartered Institute of Insurance UK. The six-month hybrid programme leads to the Certificate in Insurance (Cert CII) awarded by the Chartered Insurance Institute UK. This partnership supports the professional development of Insurance House's employees in the insurance industry.
• Copart UAE AuctionscoreStrategic or Co-development Partner · 13 September 2023Insurance House signed an agreement with Copart UAE Auctions for digitally automated auction services. Copart handles the online auctioning of vehicles on behalf of Insurance House, providing vehicle promotion, storage, and sales management services. Vehicles consigned for sale benefit from online marketing on Copart ME website. This partnership enhances Insurance House's digitally automated auction services and improves cost efficiency while elevating customer experience.
• Finance House GroupcoreOthersInsurance House is a subsidiary of Finance House Group, a leading Abu Dhabi-based financial services company. The parent company provides strategic oversight, customer base leverage for cross-selling insurance products, and operational backing for initiatives such as the zero-interest Easy Payment Plan for group health insurance.
• Abu Dhabi Commercial Bank (ADCB)minorGTM or Marketing PartnerInsurance House partners with ADCB to offer 0% installment payment plans for motor insurance products through ADCB touchpoints, expanding distribution reach to ADCB's customer base.
• Esaad Loyalty ProgramminorGTM or Marketing PartnerInsurance House offers exclusive discounts on motor insurance policies to Esaad loyalty program members, providing competitive pricing advantages to a defined customer segment.
• Fazaa Loyalty ProgramminorGTM or Marketing PartnerInsurance House offers exclusive discounts on motor insurance policies to Fazaa loyalty program members, expanding market access to loyalty program members.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Oman Insurance Company: Oman Insurance Company is a UAE-based multi-line insurer (part of Mashreq Group) underwriting motor, property, engineering, marine, energy, and health lines. It is a directly comparable multi-line P&C peer operating in the same UAE market as Insurance House.
• Dubai Insurance Company: Dubai Insurance is a UAE multi-line insurer underwriting motor, property, marine, engineering, and liability coverage. It serves the same UAE market as Insurance House with comparable product breadth and customer segments.
• Emirates Insurance Company: Emirates Insurance Company is one of the oldest UAE insurers offering motor, property, marine, engineering, energy, and aviation coverage. As a UAE-headquartered multi-line carrier, it is a closely comparable peer to Insurance House across product portfolio and customer base.
• Abu Dhabi National Insurance Company (ADNIC): ADNIC is a UAE-listed multi-line P&C and life insurer headquartered in Abu Dhabi offering motor, property, marine, aviation, energy, and health lines. It is the most direct UAE peer to Insurance House in product mix, geography, and target customer base.
• Al Ain Ahlia Insurance Company: Al Ain Ahlia is a UAE-listed multi-line insurer providing motor, property, marine, engineering, and personal accident coverage. Headquartered in Abu Dhabi, it directly competes with Insurance House across overlapping product lines and customer segments.
• Salama Cooperative Insurance Company: Salama is a UAE-listed cooperative insurer providing motor, property, engineering, and personal insurance. As a UAE-based multi-line P&C carrier, it directly competes with Insurance House for retail and SME customers.
• National General Insurance Company: National General Insurance is a UAE-listed multi-line P&C insurer offering motor, property, marine, engineering, energy, and personal lines. It directly competes with Insurance House for UAE corporate and retail customers across overlapping products.

Regional players

• Qatar Insurance Company (QIC): QIC is a leading GCC insurance group with operations in the UAE and other regional markets underwriting P&C, aviation, marine, and energy lines. It is a comparable regional multi-line peer with overlapping product lines and similar customer targets in the Gulf region.
• Al Etihad Cooperative Insurance Company: Al Etihad Cooperative Insurance is a Saudi-listed cooperative insurer offering motor, property, health, and engineering lines. While primarily Saudi-focused, its product mix and cooperative multi-line model make it a useful benchmark for GCC mid-sized multi-line P&C insurers.

Broad incumbents

• AXA Insurance Gulf: AXA Gulf is the UAE operation of global insurer AXA, offering motor, property, health, marine, and personal lines to retail and corporate customers. It is a broader incumbent in the same UAE insurance market with overlapping capabilities but a wider international portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Insurance_House
• Facebookfacebook.com/MyInsuranceHouse

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Insurance House