About Arabian Scandinavian Insurance (Ascana)
Arabian Scandinavian Insurance Company, known as Ascana, is a Dubai-based insurance company that operates on takaful principles. Its name reflects historical links between Arab and Scandinavian partners when the business was formed.
Takaful is the Islamic model of insurance, based on members contributing to a shared fund that supports those who suffer losses, with the operator managing the fund for a fee.
The company offers general takaful products such as motor, property, marine, engineering and medical cover for individuals and businesses.
Takaful insurers in the UAE are regulated by the Central Bank and supervised by Sharia boards that review their products and operations.
The UAE insurance market is competitive, with many conventional and takaful insurers. Smaller insurers often focus on specific segments and on relationships with brokers.
Demand for Sharia-compliant insurance continues to grow alongside Islamic banking in the UAE.
Startups UAE lists Arabian Scandinavian Insurance among the UAE's takaful insurers.
Takaful is the Islamic model of insurance, based on members contributing to a shared fund that supports those who suffer losses, with the operator managing the fund for a fee.
The company offers general takaful products such as motor, property, marine, engineering and medical cover for individuals and businesses.
Takaful insurers in the UAE are regulated by the Central Bank and supervised by Sharia boards that review their products and operations.
The UAE insurance market is competitive, with many conventional and takaful insurers. Smaller insurers often focus on specific segments and on relationships with brokers.
Demand for Sharia-compliant insurance continues to grow alongside Islamic banking in the UAE.
Startups UAE lists Arabian Scandinavian Insurance among the UAE's takaful insurers.