About RAK Insurance
RAK Insurance, formally Ras Al Khaimah National Insurance Company, is one of the UAE's established insurers. It was founded in 1974 and is listed on the Abu Dhabi Securities Exchange.
The company offers insurance for individuals and businesses. Personal lines include motor insurance, health insurance, home insurance and travel insurance. Commercial lines cover property, engineering, marine, liability, workers' compensation and employee medical insurance.
Motor and medical cover make up a large share of what UAE insurers sell. Car insurance is mandatory for vehicle registration, and health insurance is required for residents in many emirates, so these products are bought by large numbers of people every year.
Commercial clients, from small businesses to large companies, need cover for their premises, equipment, goods in transit and staff.
RAK Insurance has a strong link with Ras Al Khaimah, and it has worked with RAKBANK, its major shareholder, to distribute insurance products to bank customers.
Digital channels have become more important, with customers increasingly buying and renewing policies online and through comparison platforms.
The UAE insurance market is competitive, with many local and international insurers. Regulation is overseen by the Central Bank of the UAE, which sets standards for solvency and consumer protection.
Startups UAE lists RAK Insurance among the UAE's insurance companies.
The company offers insurance for individuals and businesses. Personal lines include motor insurance, health insurance, home insurance and travel insurance. Commercial lines cover property, engineering, marine, liability, workers' compensation and employee medical insurance.
Motor and medical cover make up a large share of what UAE insurers sell. Car insurance is mandatory for vehicle registration, and health insurance is required for residents in many emirates, so these products are bought by large numbers of people every year.
Commercial clients, from small businesses to large companies, need cover for their premises, equipment, goods in transit and staff.
RAK Insurance has a strong link with Ras Al Khaimah, and it has worked with RAKBANK, its major shareholder, to distribute insurance products to bank customers.
Digital channels have become more important, with customers increasingly buying and renewing policies online and through comparison platforms.
The UAE insurance market is competitive, with many local and international insurers. Regulation is overseen by the Central Bank of the UAE, which sets standards for solvency and consumer protection.
Startups UAE lists RAK Insurance among the UAE's insurance companies.