Top 20 insurance companies in UAE

Figures in thousands

RankCompanies2022 turnover (1)2021 turnover (2)2021-2022 evolution (3)
20222021AEDUSDAEDUSD
11Orient Insurance6 070 7361 652 6975 007 7621 363 21321.23%
22Abu Dhabi National Insurance5 125 4821 395 3614 267 3771 161 66520.11%
33Sukoon (Ex Oman Insurance)4 389 8641 195 0973 538 930963 36724.04%
44Dubai Insurance Co1 469 142399 9591 226 465333 86819.79%
56Emirates Insurance1 136 344309 3581 118 249304 4101.62%
67Islamic Arab Insurance (SALAMA)1 118 322304 4521 088 077296 1962.78%
79Al Buhaira National Insurance942 812256 671897 745244 3845.02%
85Al Ain Al Ahlia Insurance923 415251 3911 206 197328 351-23.44%
98Union Insurance868 317236 391900 083245 021-3.53%
1010Dar Al Takaful (4)807 591219 859706 130192 22314.37%
1111National General Insurance650 233177 019645 802175 8000.69%
1213Al Sagr National Insurance633 787172 542500 477136 24026.64%
1315Orient Takaful531 223144 620401 387109 26632.35%
1417Abu Dhabi National Takaful447 097121 718370 282100 79820.74%
1514Ras Al Khaimah National Insurance432 985117 876469 148127 711-7.71%
1616United Fidelity Insurance422 074114 905383 781104 4739.98%
1722Dubai National Insurance & Reinsurance419 112114 099301 23982 00339.13%
1820Alliance Insurance362 09398 576304 04782 76819.09%
1912Takaful Emarat354 44096 493583 946158 962-39.30%
2021Methaq Takaful Insurance327 47689 152301 58782 0988.58%
Total top 2027 432 5457 468 23624 218 7116 592 817-11.72%
Total market47 200 00012 849 72844 317 02912 063 9826.51%

(1) Preliminary figures
(2) Updated figures
(3) Evolution in local currency
(4) National Takaful Company (Watania) was absorbed by Dar Al Takaful in June 2022
Sources: Rapports compagnies and www.centralbank.ae

Exchange rate as at 31/12/2022: 1 AED = 0.27224 USD ; as at 31/12/2021: 1 AED = 0.27222 USD.

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