Abu Dhabi National Insurance Company PJSC (; ADNIC) is a composite insurer headquartered in

Abu Dhabi Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's List of cities in the United Arab Emirates, second-most popu ...

in the

United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...

. ADNIC is the second largest insurer in the UAE by premium and one of the largest in the

Gulf Cooperation Council The Cooperation Council for the Arab States of the Gulf (), also known as the Gulf Cooperation Council (GCC; ), is a Regional integration, regional, intergovernmental organization, intergovernmental, political, and economic union comprising Ba ...

(GCC). The company is listed on the Abu Dhabi Stock Exchange and trades under the symbol and Bloomberg ticker ''ADNIC''.

History

ADNIC was established by ''Emiree Decree'' on 10 September 1972 and was the first insurer to be licensed in the

Emirate of Abu Dhabi The Emirate of Abu Dhabi is one of seven Emirates of the United Arab Emirates, emirates that constitute the United Arab Emirates. It is the largest emirate, accounting for 87% of the nation's total land area or . Abu Dhabi also has the second ...

. The company has expanded over the years and now provides a full suite of insurance and reinsurance products within the

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

, GCC and other countries in

Asia Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

and

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

Operations

ADNIC has operations across all emirates in the

consisting of a network of branches, as well as sales and customer service centres. The insurer provides risk coverage in more than 75 countries through its international division operating from

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

as well as a representative office in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. The company partners with regional and international brokers and has a global network of partnerships with global insurance and reinsurance companies. The largest shareholder in ADNIC is Mamoura Diversified Global Holding Company PJSC (24.77%), which is the sovereign wealth fund of the emirate of Abu Dhabi.

Corporate Social Responsibility

ADNIC engages with all stakeholders through its various initiatives focused on health and wellbeing,

climate change Present-day climate change includes both global warming—the ongoing increase in Global surface temperature, global average temperature—and its wider effects on Earth's climate system. Climate variability and change, Climate change in ...

and giving back to the local community. The company has partnerships with several CSR initiatives, and is a partner of Emirates Nature-WWF, where it contributes to local conservation projects and supports the UAE to achieve its net zero goals. In 2020, ADNIC partnered with the ''Social Investment Fund'', administered by the ''Authority of Social Contribution - Ma’an'', to support the UAE community during its fight against the pandemic. In 2022, the company also contributed to Ma’an to support the Abu Dhabi community in social challenges including physical and mental health, education, skill development, family and community causes.

Ratings

ADNIC’s rating by credit rating agencies are: * A.M. Best: Financial strength rating of “A” (Excellent) and long-term issuer credit rating of "A" (Excellent), reaffirmed in 2022 * S&P: ‘A’ rating equivalent to strong with a stable outlook, reaffirmed in 2022

Awards

References

{{reflist, 2

External links

Official website
Insurance companies of the United Arab Emirates Companies based in Abu Dhabi Financial services companies established in 1972 Companies listed on the Abu Dhabi Securities Exchange