Al Dhafra Insurance Co.
AADX:DHAFRA8.51
AED
-0.44
(-4.92%)
Al Dhafra Insurance Co.
ADX:DHAFRA
(Abu Dhabi Securities Exchange)
Recent
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8.51
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ROIC.AI
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- Business
- Al Dhafra Insurance Company P.S.C. is a United Arab Emirates-based public shareholding company engaged in the provision of comprehensive general, life, and commercial insurance and reinsurance solutions. Founded in 1979 and headquartered in Abu Dhabi, United Arab Emirates, the company operates across the country through a network of branch offices located in Abu Dhabi, Dubai, Al Ain, Sharjah, and Bida Zayed. Al Dhafra Insurance Company underwrites a diverse portfolio of risk coverage segmented into commercial lines and personal lines, serving individual, corporate, institutional, and governmental clients. The company's core product and service offerings comprise motor insurance, including comprehensive motor vehicle coverage, third-party liability, commercial fleet insurance, and roadside assistance; property insurance, including fire and allied perils, property all risks, business interruption, and householders comprehensive policies; engineering insurance, including contractors all risks (CAR), erection all risks (EAR), machinery breakdown, electronic equipment, and contractors plant and machinery; marine and aviation insurance, including marine cargo, marine hull and machinery, freight liability, and aviation risk coverage; health and medical insurance, offering individual medical plans, corporate group health schemes, and comprehensive healthcare packages aligned with regional health authorities; liability and casualty insurance, including workmen compensation, employers liability, public and products liability, directors and officers (D&O) liability, professional indemnity, fidelity guarantee, money insurance, and plate glass coverage; energy insurance, covering onshore and offshore oil, gas, and petrochemical facilities; and group life and personal accident insurance. In recent operational developments, Al Dhafra Insurance Company has accelerated its digital transformation strategy by enhancing its digital underwriting platforms, web portals, and mobile channels to enable automated quotation, digital policy issuance, and streamlined claims tracking. The company has implemented updated actuarial modeling, data analytics, and reporting frameworks to comply with IFRS 17 insurance accounting standards and Central Bank of the UAE regulatory requirements. Additionally, the company has expanded its strategic distribution network through new partnerships with regional insurance brokers, digital aggregator platforms, and specialized third-party healthcare administrators (TPAs), while launching enhanced retail motor and group medical products to capture growing domestic market demand.