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Al Sagr National Insurance

verified

Dubai insurance company founded in 1979 and listed on DFM

Fintech Dubai, UAE Founded 1979

About Al Sagr National Insurance

Al Sagr National Insurance Company is a Dubai-based insurer founded in 1979. Sagr means falcon in Arabic, a symbol closely associated with the UAE, and the company is listed on the Dubai Financial Market.

The company provides general insurance to businesses and individuals. Its products include property and fire, engineering and contractors' all risks, marine, motor, liability, general accident and medical insurance.

Contractors' all risks insurance is particularly relevant in Dubai, where large construction projects need cover for damage to works, equipment and third parties during building.

For individuals, the company offers motor and health insurance, which are the most commonly purchased policies in the UAE.

Mid-sized insurers often rely on brokers to reach commercial clients, building relationships with brokers who recommend them for specific types of risk.

The UAE insurance market has seen consolidation and tighter regulation in recent years, with the Central Bank raising capital and solvency standards.

Startups UAE lists Al Sagr National Insurance among Dubai's insurance companies.
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