Al Sagr National Insurance Company (ASNIC)

Al Sagr National Insurance Company (ASNIC), Dubai, was incorporated on 25th December 1979 as a public shareholding company through an Emiri Decree by His Highness, the late Ruler of Dubai, and Vice President of the UAE, H.H Sheikh Rashid Bin Said Al Maktoum, and is registered with the Ministry of Economy & Commerce of the United Arab Emirates (UAE) under Reg. No. 202191. The Company is licensed under License No. 16 in accordance with the Federal Insurance Law No. (9) of 1984 to transact all types of insurance business.

The shareholders of the Company are all UAE nationals who are very prominent in the business world for their varied interest. Their sheer sense of realism and pragmatic approach has greatly contributed to the Company's stride towards progress over a span of more than three decades. Today, ASNIC is, undoubtedly, one of the seven leading insurance companies in the UAE in terms of premium income.
Apart from having reinsurance support from the world's leading reinsurers, the Company has its own Branches all over the UAE, and has a large scale insurance interest in the Kingdom of Saudi Arabia and Jordan. It has a long line of dedicated and diligent staff members, who are handpicked for their true professionalism and expertise. With their 'near perfect' handling of the affairs under the efficient leadership of the Management, the Company is confident of conquering new heights in its quest for progress and excellence.

ASNIC has never been a lone and solitary marcher in the wilderness. The Company's developmental stride was a harmonious process along with the development of the region, and in accordance with the requirement of its reputed clients. The Company was always quick to respond to the new emerging requirements and situations, which reflected the progress and transformation of the region. The resultant outcome of this hand-in-hand process of development has been remarkably manifold:

• The Company continues its pursuit of excellence in the sphere of service to its valued customers, always cater to their interest and offer several new insurance products with multiple benefits every year. ASNIC’s clients include government ministries, public service providers, municipalities, property developers, banks and construction companies.
• The financial position of the Company is strengthened from its original capital investment of AED10 million to its present AED230 million in paid-up capital with steady growth of assets every year which has reached AED971 Million by the year ended 31 December 2018.
• Our associate company, Al Sagr Cooperative Insurance Company, presently operates from its Head Office in Dammam, Kingdom of Saudi Arabia with 2 main branches in Riyadh, Jeddah and 18 Sales Outlets spread across region. Its paid-up capital is SAR400 million where ASNIC holds a 20% share of the capital.

ASNIC has been assigned a Financial Strength Rating of B+ (Good) by A.M. Best Europe – Rating Services Limited.

Today, due to the above factors and through the dedicated services the Company has been providing its valued customers, the Company has established a niche in the minds of its customers who range from multi-nationals to locals of the region it serves.

Vision Statement

To become one of the leading insurance companies in the region focusing on utmost customer satisfaction through unique insurance solutions combined with professionalism, state-of-the-art expertise and exploiting national talents and resources for the growth and benefit of all stake-holders.

Mission Statement

To deliver the highest level of customer service with passion and pride to enhance the reputation of Al Sagr. This philosophy is intended to generate loyalty in the minds of clients whose experiences and reports shall be excellent testimonials of Al Sagr’s customer service.