Dubai Insurance Co. PSC

Logotype for Dubai Insurance Co. PSC
Ticker/ISIN
DIN
AED000301013
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
7.45 AED
2023-11-21

Year to date

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Dubai Insurance Company (DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the first local company in the UAE.

Since then, DIN has always provided excellent service to its Clientele. The major transformation took place when the newly, agile and proactive Board of Directors were elected in early 2006. Dubai Insurance’s new Board of Directors together with the new management team tripled and doubled its revenue, profitability and client offering while maintaining the same unique values the founders were keen to establish.

Revenue multiplied from Aed 24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its composite P&C and Life License, Dubai Insurance offers a varied portfolio of products including Property, Liability, Marine, Group Life and Medical and many other specialty lines including Credit and Surety.

In acknowledgement of its performance and outlook, AM Best has assigned Financial Strength Rating of A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.

Dubai Insurance prides itself in partnering with leading international reinsurers to offer our clients the solutions necessary for all their traditional and non-traditional risk management needs.

In the past 15 years, Dubai insurance has seen a steady growth, in profits as well as premiums. What we are most proud of, is our contributions to the community and working closely with government entities to ensure that the community living here or visiting have the necessary insurance protecting them and making society work at peace. Over the course of 15 years, we, at Dubai insurance have worked hard to consistently maintain or increase our rating score and these steady increases in growth can be witnessed throughout the years.

Latest Pressrelease Summaries

Dubai Insurance Company and One Degree, Asia’s first licensed insurer for digital assets, have received approval from the Central Bank of UAE to offer digital asset custodial risk insurance in the UAE. This new insurance service, branded as "One Infinity," enhances their product portfolio and supports digital asset companies by providing comprehensive risk management solutions. Robin Scott, General Manager of Middle East for One Degree, announced this development at the Belt and Road Summit in Hong Kong. The custodial risk insurance is essential for digital asset exchanges, custodians, and service providers, protecting against risks such as hacks, theft, internal fraud, and physical damage. This approval marks the first time such specialized insurance is available directly in the UAE, further solidifying the country’s position as a hub for digital assets.
Dubai Insurance Co. has announced the opening of nominations for its Board of Directors membership. The nomination period will run from 14/02/2024 to 23/02/2024. Interested shareholders who meet the conditions for board membership can apply for positions such as Executive Director, Non-Executive Director, or Independent Director. The board will elect seven members. Nominations will remain open for ten days, and applicants must comply with the conditions set forth in Federal Law No. (32) Of 2021 and the Board of Directors’ Decision no. (3.R.M / Chairman) of 2020. After the nomination period closes, the company will publish a list of candidates on its website and at its head office. A list of candidates will also be provided to the Securities and Commodities Authority.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co. PSC

Disclosure: Press release

Dubai Insurance Company and One Degree, Asia’s first licensed insurer for digital assets, have received approval from the Central Bank of UAE to offer digital asset custodial risk insurance in the UAE. This new insurance service, branded as "One Infinity," enhances their product portfolio and supports digital asset companies by providing comprehensive risk management solutions. Robin Scott, General Manager of Middle East for One Degree, announced this development at the Belt and Road Summit in Hong Kong. The custodial risk insurance is essential for digital asset exchanges, custodians, and service providers, protecting against risks such as hacks, theft, internal fraud, and physical damage. This approval marks the first time such specialized insurance is available directly in the UAE, further solidifying the country’s position as a hub for digital assets.

1. Attached Document

DFM News

DFM News

News Update From Dubai Insurance Co. PSC

Disclosure: Opens the nominations for BOD membership

Dubai Insurance Co. has announced the opening of nominations for its Board of Directors membership. The nomination period will run from 14/02/2024 to 23/02/2024. Interested shareholders who meet the conditions for board membership can apply for positions such as Executive Director, Non-Executive Director, or Independent Director. The board will elect seven members. Nominations will remain open for ten days, and applicants must comply with the conditions set forth in Federal Law No. (32) Of 2021 and the Board of Directors’ Decision no. (3.R.M / Chairman) of 2020. After the nomination period closes, the company will publish a list of candidates on its website and at its head office. A list of candidates will also be provided to the Securities and Commodities Authority.

1. Attached Document

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