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Pages in category "Insurance companies of the United Arab Emirates" The following 2 pages are in this category, out of 2 total.
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
It is a powerful player in the UAE takaful market [3] based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage. [4] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL. [5]
More than 85% of the UAE's economy was based on oil exports in 2009. [2] [3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. [4] In 2011, oil exports accounted for 77% of the UAE's state budget. [5]
The company partners with regional and international brokers and has a global network of partnerships with global insurance and reinsurance companies. [8] [9] The largest shareholder in ADNIC is Mamoura Diversified Global Holding Company PJSC (24.77%), which is the sovereign wealth fund of the emirate of Abu Dhabi. [10]
H.E. Khaled Bin Shaiban Almehairi serves as Chairman of the National Health Insurance Company – Daman, while Khaled Ateeq Aldhaeri is the company's Chief Executive Officer. Daman offers health insurance for both citizens and residents of the UAE, via its Thiqa, Abu Dhabi Basic and Enhanced plans. PureHealth LLC owns 100% of Daman's shares.
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.