Al Fujairah National Insurance Company
AADX:AFNIC230.00
AED
+20.00
(+9.52%)
Al Fujairah National Insurance Company
ADX:AFNIC
(Abu Dhabi Securities Exchange)
Recent
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230.00
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yld
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ROIC.AI
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- Al Fujairah National Insurance Company P.J.S.C. (AFNIC) is a United Arab Emirates-based public shareholding company engaged in underwriting a comprehensive range of general, life, and medical insurance solutions for commercial and individual clients. The company operates through two core business segments: General Insurance and Life & Medical Insurance. AFNIC provides an extensive suite of corporate and commercial insurance products, including property and business interruption insurance; engineering, erection all risks, and contractors all risks; marine cargo, hull, and machinery coverage; aviation insurance; energy and industrial risk solutions; commercial motor fleet policies; workmen's compensation and employer's liability; public, product, and third-party liability; directors' and officers' liability; and fidelity guarantee and money insurance. For retail customers, the company offers comprehensive and third-party motor insurance; individual and family health insurance; homeowner and householder property coverage; personal accident insurance; travel insurance; and private yacht and pleasure craft insurance. Founded in 1976 pursuant to Emiri Decree No. 3 issued by the Ruler of Fujairah, AFNIC is headquartered in Fujairah, United Arab Emirates, and operates a widespread network of full-service branches across Abu Dhabi, Dubai, Sharjah, and Dibba. In recent developments, AFNIC has advanced its multi-year digital transformation strategy by launching end-to-end digital underwriting portals and automated self-service claims processing channels for retail motor and health segments, expanding its integrated network partnerships with third-party healthcare administrators and automotive repair providers across the UAE, and completing the institutional adoption of IFRS 17 accounting and actuarial standards to strengthen underwriting governance, capital allocation, and risk management operations.