Dubai Insurance Co. - DIN

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Dubai Insurance Company (DIN), established in 1970 by His Highness Late Sheikh Rashid Al Maktoum, holds the distinction of being the first local insurance company in the UAE. Over the years, it has grown significantly, becoming a key player in the UAE's insurance sector. Since its inception, Dubai Insurance has seen remarkable growth. A major transformation occurred in 2006 when a new, dynamic Board of Directors was elected. This change led to a substantial increase in revenue and profitability. By 2022, the company's revenue had surged from AED 24 million in 2006 to AED 1.5 billion. Dubai Insurance is publicly listed on the Dubai Financial Market (DFM) under the symbol DIN. Dubai Insurance offers a comprehensive range of insurance products under its composite Property & Casualty (P&C) and Life License. These include property insurance, liability insurance, marine insurance, group life and medical insurance, as well as specialty lines such as credit and surety. The company has received strong financial ratings, reflecting its robust performance and outlook. AM Best has assigned Dubai Insurance a Financial Strength Rating of "A (Excellent)," and Fitch Ratings has also given it an "A" rating. Dubai Insurance prides itself on its contributions to the community and its collaboration with government entities to ensure comprehensive insurance coverage for residents and visitors. The company is committed to high ethical standards and fair business practices, aiming to support and advise its customer base effectively. Dubai Insurance's vision is to provide top-tier service and management performance to its clients, ensuring superior returns to shareholders while maintaining a strong ethical foundation. The company's mission focuses on expanding its investment portfolio through responsible corporate practices, financial engineering, and leveraging a robust network of relationships. In summary, Dubai Insurance Company stands out as a pioneering and highly reputable firm in the UAE's insurance industry, known for its comprehensive product offerings, strong financial performance, and commitment to community and ethical business practices.