Al Dhafra Insurance Co. P.S.C

Company Profile

Al Dhafra Insurance Company P.S.C. is a Public Shareholding Company entirely owned by the U.A.E. nationals. It is incorporated in Abu Dhabi by Emiri Decree No. 8 of 1979 and registered under the provisions of The UAE Insurance Law (Federal Law No. (6) of 2007 enacted in February 2007).

The Company’s Authorized Capital is Dhs.100 Million. Paid-up Capital is Dhs.100 Million. Shareholders’ Equity is Dhs.361 Million as at 31/12/2018. The total number of employees is 181. The Company is committed to best management practices to achieve all-round excellence. The company has been rated as “Baa1 Stable Outlook” Insurance Financial Strength Rating (IFSR) by Moody’s Investors Service in April, 2018 and endorsed the same in July, 2020. In addition, the company has been rated by AM Best as Financial Strength Rating “B++ Good Stable Outlook” and Issuer Credit Rating “bbb+ Good Stable Outlook”.

The Company is recording consistent growth in production. The total premium written during the year 2018 was AED 334 Million

The Company’s Head Office is situated in Abu Dhabi and has branch offices in the U.A.E. at Dubai, Sharjah, Al Ain & Bida Zayed and 13 POSs and 6 Traffic counters. Company’s business operation is fully automated and branches and offices are connected on-line with Head Office for fast and efficient customer service. Company has on-line sales offices in most of the Immigration offices and Traffic offices across the country.

Al Dhafra has reinsurance association only with the world’s top class Reinsurers in Germany, U.K., Switzerland, Italy and other European countries and also has business relationship with the top class International Insurance and Reinsurance Brokers all over the world.

Some of our major corporate clients are:

  • Finance Department, Government of Abu Dhabi
  • ADNOC and Group Companies
  • Abu Dhabi Aviation
  • First Abu Dhabi Bank
  • Central Bank of UAE
  • International Petroleum Construction Co.
  • Emirates Steel Industries
  • SENAAT General Holding
  • Sawaeed Employment LLC
  • DAMAC Group
  • Abu Dhabi Commercial Properties
  • Ministry of Health
  • Agthia Group
  • Ghantoot Group
  • Securiguard Middle East LLC.
  • Axiom Telecommunications
  • Ministry of Interior
  • Arabian Construction Company
  • Nexans France
  • Al Jaber Group
  • Bin Hafeez General Contracting Co.
  • National Marine Dredging Company
  • National Petroleum Construction Company
  • Noukri Recruitment LLC

Some of the major multi billion projects insured by the Company are: 

  • Corniche Tower – Abu Dhabi
  • Wahat Al Zaweya Investment & Real Estate Development
  • Six Tower – Project G+4+15+Gym Building Blocks A,B,C,D,E,F – Abu Dhabi
  • Construction of Internal Roads & Infrastructure Works in Al-Shawmekh Area (12-7) – Abu Dhabi
  • Sky Orix – Doha Airport – Qatar
  • Al Jaber Group – Annual Workmen’s Compensation

Business Activities

Al Dhafra is a direct Insurer in the U.A.E. market, underwriting both Life and Non-Life business and is recognized by the Government of the Abu Dhabi for Government insurance purposes. The major classes of business underwritten by the Company are:

  1. Fire & General Accident;
  2. Contract Works and Contractor’s Plant & Equipment;
  3. Electronic Equipment & Machinery Breakdown;
  4. Workmen’s Compensation & Employer’s Liability;
  5. Public Liability, Medical Malpractice and other Professional Indemnity risks;
  6. Marine Cargo, Marine Hull & Pleasure Craft;
  7. Oil & Gas on and offshore operations;
  8. Aviation;
  9. Personal Accident, Medical & Life; Visit visa and House maid policies.
  10. Motor.

Our Solid Growth & Performance

Particulars              

Year 2013

Year 2014 Year 2015 Year 2016 Year 2017

Year 2018

Year 2019

Paid Up Capital

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

Free Reserve

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

Legal Reserve

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

Technical Reserve

132,869,074

162,955,125

250,884,933

196,320,486

155,890,506

119,104,718

101,297,258

Total Assets

820,063,638

855,319,940

865,586,676

1,013,906,843

1,065,087,813

992,917,036

1,024,481,175

Investments

363,529,124

379,068,886

353,461,227

366,665,794

359,724,377

339,822,782

299,693,220





Company Profile

Al Dhafra Insurance Company P.S.C. is a Public Shareholding Company entirely owned by the U.A.E. nationals. It is incorporated in Abu Dhabi by Emiri Decree No. 8 of 1979 and registered under the provisions of The UAE Insurance Law (Federal Law No. (6) of 2007 enacted in February 2007).

The Company’s Authorized Capital is Dhs.100 Million. Paid-up Capital is Dhs.100 Million. Shareholders’ Equity is Dhs.361 Million as at 31/12/2018. The total number of employees is 181. The Company is committed to best management practices to achieve all-round excellence. The company has been rated as “Baa1 Stable Outlook” Insurance Financial Strength Rating (IFSR) by Moody’s Investors Service in April, 2018 and endorsed the same in July, 2020. In addition, the company has been rated by AM Best as Financial Strength Rating “B++ Good Stable Outlook” and Issuer Credit Rating “bbb+ Good Stable Outlook”.

The Company is recording consistent growth in production. The total premium written during the year 2018 was AED 334 Million

The Company’s Head Office is situated in Abu Dhabi and has branch offices in the U.A.E. at Dubai, Sharjah, Al Ain & Bida Zayed and 13 POSs and 6 Traffic counters. Company’s business operation is fully automated and branches and offices are connected on-line with Head Office for fast and efficient customer service. Company has on-line sales offices in most of the Immigration offices and Traffic offices across the country.

Al Dhafra has reinsurance association only with the world’s top class Reinsurers in Germany, U.K., Switzerland, Italy and other European countries and also has business relationship with the top class International Insurance and Reinsurance Brokers all over the world.

Some of our major corporate clients are:

  • Finance Department, Government of Abu Dhabi
  • ADNOC and Group Companies
  • Abu Dhabi Aviation
  • First Abu Dhabi Bank
  • Central Bank of UAE
  • International Petroleum Construction Co.
  • Emirates Steel Industries
  • SENAAT General Holding
  • Sawaeed Employment LLC
  • DAMAC Group
  • Abu Dhabi Commercial Properties
  • Ministry of Health
  • Agthia Group
  • Ghantoot Group
  • Securiguard Middle East LLC.
  • Axiom Telecommunications
  • Ministry of Interior
  • Arabian Construction Company
  • Nexans France
  • Al Jaber Group
  • Bin Hafeez General Contracting Co.
  • National Marine Dredging Company
  • National Petroleum Construction Company
  • Noukri Recruitment LLC

Some of the major multi billion projects insured by the Company are: 

  • Corniche Tower – Abu Dhabi
  • Wahat Al Zaweya Investment & Real Estate Development
  • Six Tower – Project G+4+15+Gym Building Blocks A,B,C,D,E,F – Abu Dhabi
  • Construction of Internal Roads & Infrastructure Works in Al-Shawmekh Area (12-7) – Abu Dhabi
  • Sky Orix – Doha Airport – Qatar
  • Al Jaber Group – Annual Workmen’s Compensation

Business Activities

Al Dhafra is a direct Insurer in the U.A.E. market, underwriting both Life and Non-Life business and is recognized by the Government of the Abu Dhabi for Government insurance purposes. The major classes of business underwritten by the Company are:

  1. Fire & General Accident;
  2. Contract Works and Contractor’s Plant & Equipment;
  3. Electronic Equipment & Machinery Breakdown;
  4. Workmen’s Compensation & Employer’s Liability;
  5. Public Liability, Medical Malpractice and other Professional Indemnity risks;
  6. Marine Cargo, Marine Hull & Pleasure Craft;
  7. Oil & Gas on and offshore operations;
  8. Aviation;
  9. Personal Accident, Medical & Life; Visit visa and House maid policies.
  10. Motor.

Our Solid Growth & Performance

Particulars              

Year 2013

Year 2014 Year 2015 Year 2016 Year 2017

Year 2018

Year 2019

Paid Up Capital

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

100,000,000

Free Reserve

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

145,000,000

Legal Reserve

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

50,000,000

Technical Reserve

132,869,074

162,955,125

250,884,933

196,320,486

155,890,506

119,104,718

101,297,258

Total Assets

820,063,638

855,319,940

865,586,676

1,013,906,843

1,065,087,813

992,917,036

1,024,481,175

Investments

363,529,124

379,068,886

353,461,227

366,665,794

359,724,377

339,822,782

299,693,220