Albuhaira National Insurance Company

What Albuhaira National Insurance Company does

Al Buhaira National Insurance Company (ABNIC) is a UAE-based multi-line insurance carrier founded in 1978 and headquartered in Sharjah at Buhaira Insurance Towers on Khalid Lagoon. The company serves both individual consumers and business customers across all seven UAE emirates through a combination of physical branches, a digital self-service portal (online.albuhaira.com), a mobile application (ABNIC App and Health Vault on Android and iOS), dedicated phone helplines by line of business, and affinity partnerships with government-employee loyalty programs (Esaad, Fazaa, Homat Al Watan). Its product portfolio spans personal lines — motor, medical, travel, home, yacht, and jet ski insurance — alongside a comprehensive commercial book covering property (including business interruption and property all risk), engineering, group medical and life, credit life, marine (cargo, hull, liability), aviation, motor fleet, liability (medical malpractice, professional indemnity, public/product liability, workmen's compensation), energy, and miscellaneous specialty covers (burglary, money, bankers blanket, jeweller's block, plate glass, personal accident, fidelity guarantee).

The underlying technology is a digital insurance platform supporting online quote, purchase, and policy management, layered on top of an in-house medical provider network plus an appointed Third-Party Administrator (TPA) network for nationwide claims processing. A 24/7 medical claims support center and round-the-clock roadside assistance are operated directly. The company is electronically integrated with the Federal Authority for Identity and Citizenship (ICP/FAIA) for residency-visa-linked health insurance data retrieval, placing it within the closed set of UAE-approved carriers able to serve expatriate residency renewals.

Revenue is generated from insurance premiums collected across the personal and commercial portfolio, billed predominantly on annual subscription cadences across basic, enhanced, and comprehensive tiers for medical insurance and third-party/comprehensive tiers for motor. Pricing is quote-based and not publicly disclosed, with affinity-card discounts serving as the principal promotional mechanism. The company maintains an Investor Relations function and publishes Financial Reports and Annual Reports, consistent with public-market disclosure obligations, and has received a Customer Happiness Medal from the UAE Insurance Authority. No external investors, parent company, subsidiaries, or M&A activity are disclosed in the available data.

Name

Albuhaira National Insurance Company

Legal name

Al Buhaira National Insurance Company

Website

https://albuhaira.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

251–500 employees

Short description

Al Buhaira National Insurance Company is a UAE-based multi-line insurer founded in 1978, providing personal and commercial insurance — motor, medical, travel, property, marine, aviation, and specialty lines — to individuals and businesses across all seven UAE emirates through digital, mobile, branch, and affinity-partnership channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Sharjah

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, Others

Revenue model

1. Insurance Premiums: Revenue is generated from collecting insurance premiums across all personal and business lines including motor, medical, travel, home, yacht, jet ski, property, engineering, marine, aviation, liability, energy, and miscellaneous insurance products.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Al Buhaira National Insurance Company (ABNIC) underwrites and distributes a comprehensive range of personal and commercial insurance products across the UAE. The personal lines include motor, medical, travel, home, yacht, and jet ski insurance, while the commercial lines span property, engineering, group medical/life, credit life, marine, aviation, motor fleet, liability, energy, and miscellaneous insurance. Distribution and servicing are supported by a digital platform (online.albuhaira.com), the ABNIC mobile app, a 24/7 medical claims support center, and a physical branch network in Sharjah.

Product overview

Al Buhaira National Insurance Company (ABNIC) is a UAE-based insurance provider offering a broad portfolio of personal and commercial insurance products. The personal insurance line includes Motor Insurance, Medical Insurance, Travel Insurance, Home Insurance, Yacht Insurance, and Jet Ski Insurance. The business/commercial portfolio is organized into Property Insurance (including Business Interruption and Property All Risk), Engineering Insurance (covering Machinery Breakdown, Contractor All Risk, Contractor Plant and Machinery All Risks, Erection All Risks, Electronics Equipment, and Machinery Loss of Profit), Group Medical and Life Insurance, Credit Life Insurance, Liability Insurance (Medical Malpractice, Professional Indemnity, Public and Product Liability, Workmen's Compensation), Miscellaneous Insurance (Burglary, Deterioration of Stock, Personal Accident, Jeweller's Block, Fidelity Guarantee, Money, Bankers Blanket, Plate Glass), Marine Insurance (Freight Forwarders Legal Liability, Marine Operators Legal Liability, Marine Hull, Ship Repairers Liability, Builder Risks Hull), Aviation Insurance, Motor Fleet Insurance, Energy Insurance, and Vehicle Export Certificate. Digital access is provided through the ABNIC App (Android/iOS) and the online portal at online.albuhaira.com.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Federal Authority for Identity and Citizenship, Customs and Port Security (ICP/FAIA)coreOthersAl Buhaira is listed among approved insurance companies for the ICP (Integrated Healthcare Plan) and electronic integration with the Federal Authority for Identity and Citizenship for residency visa renewals. The company is one of 38+ approved insurers enabling electronic health insurance data retrieval for UAE residents.
• Esaad Card ProgramminorGTM or Marketing PartnerAl Buhaira offers exclusive motor insurance discounts and preferential rates to Esaad Card holders as part of the loyalty program's healthcare and insurance benefits.
• Fazaa Card ProgramminorGTM or Marketing PartnerAl Buhaira provides special motor insurance pricing for Fazaa Card holders as part of the loyalty program partnership.
• Homat Al Watan Card ProgramminorGTM or Marketing PartnerAl Buhaira offers a 10% discount on motor insurance premiums to Homat Al Watan (Guardians of the Nation) Card holders.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Dubai Insurance Company: Dubai Insurance is a UAE-based multi-line general insurer providing personal (motor, medical, travel, home) and commercial (P&C, marine, engineering, liability) coverage - directly comparable to Al Buhaira's portfolio and target segments.
• Abu Dhabi National Insurance Company (ADNIC): ADNIC is a UAE-listed multi-line general insurer offering personal and commercial lines across motor, medical, property, marine, energy, and engineering - directly comparable to Al Buhaira's full product suite and customer segments.
• Emirates Insurance Company: Emirates Insurance is a long-established UAE multi-line insurer offering personal and commercial products including motor, medical, property, marine, energy, and liability - competing head-to-head with Al Buhaira across segments.
• National Health Insurance Company - Daman: Daman is the UAE's leading dedicated health insurer and a major player in the same medical/health segment where Al Buhaira has its in-house medical network and TPA partnerships - directly comparable on the largest single product line.
• Oman Insurance Company: Oman Insurance is a major UAE multi-line carrier offering motor, medical, life, property, marine, aviation, and engineering insurance - a direct peer across both personal and commercial lines.
• Orient Insurance: Orient is one of the largest UAE insurers offering motor, medical, travel, marine, aviation, energy, and property coverage for individuals and corporates - directly competing with Al Buhaira across virtually all product categories.

Regional players

• Qatar Insurance Company: QIC is the largest GCC insurer offering personal and commercial lines including motor, medical, marine, energy, and aviation - comparable product mix but primarily GCC-focused with stronger scale than Al Buhaira.

Emerging players

• Salama Cooperative Insurance: Salama is a UAE/GCC Shariah-compliant multi-line insurer offering motor, medical, and general insurance products - comparable niche positioning with family/Takaful focus overlapping Al Buhaira's commercial and personal lines.

Others

• InsuranceMarket.ae: InsuranceMarket.ae is a UAE digital insurance aggregator/broker distributing motor, medical, and other personal lines from multiple carriers - representing the digital distribution channel that both competes with and enables traditional carriers like Al Buhaira.

Broad incumbents

• AXA Insurance Gulf: AXA Gulf is a large multinational insurer operating broadly across motor, medical, home, travel, and life in the UAE - overlapping with Al Buhaira's portfolio but with greater brand and capital backing from its global parent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/albuhairauae
• Facebookfacebook.com/Al-Buhaira-National-Insurance-Company-224047324720965
• LinkedInlinkedin.com/company/al-buhaira-national-insurance-co.
• Instagraminstagram.com/albuhaira_insurance

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 Albuhaira National Insurance Company