IFBIC Competitors

Established in 1975, Sukoon Insurance PJSC (“Sukoon”) – a public stock company – is among the leading insurance providers in the UAE. Sukoon provides a range of comprehensive insurance solutions for motor, life, health, and general (property, energy, engineering, aviation, marine, and liability) needs to its 1.6 million insured members. Sukoon’s operations span across Oman and all Emirates in the UAE. Sukoon is committed to providing outstanding insurance solutions which help create and protect wealth and wellbeing. The Dubai-based company stays true to its vision by serving businesses and individuals with a team of over 700 professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, e-commerce platforms, and a dedicated call centre. In 2025, Sukoon registered gross written premiums (GWP) of AED 7 billion. With a solvency ratio of 275 percent and exemplary ratings from Standard and Poor’s (A rated) and Moody’s (A2 rated), it clearly demonstrates its financial soundness, robustness in risk management processes, effective governance, and ability to serve its clients effectively in the long run. At its core, the Company is customer-centric, with a keen devotion towards providing exceptional services. Its priority has always been to build long-term relationships with its clients with their delight as its non-negotiable objective. Put simply, Sukoon wants to continue reinforcing its position as a reference for other insurers in the region for exemplary customer service. To learn more about Sukoon, please visit www.sukoon.com.

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Arabia Insurance draws its strength from more than 80 years of experience in the Arab and Middle Eastern Insurance Community. It accompanied the progress and development of the Arab countries, and continues to play a key role in the economies of the Middle East countries in which it operates. A.M. Best Europe – Rating Services Limited has affirmed the “FSR” - Financial Strength Rating of B+ (Good) and the Long-Term “ICR” - Issuer Credit Rating of “BBB-” with stable outlook, to Arabia Insurance Company S.A.L. (AIC) (Lebanon). The outlook for FSR remains stable. Arabia Insurance has drawn its objectives over delivering the adequate coverage, proper and prompt claims handling, product development and the latest technical updating. The core of its success lies in understanding individual needs and maintaining a close relationship with customers. Arabia Insurance Company (AIC) operates in 7 countries: - Arabia Insurance Company - (AIC): Lebanon: Ein Mreisseh, Tripoli, Chtaura, Saida and Zouk Mikael UAE: Abu Dhabi, Al Ain, Dubai, and Sharjah Kuwait: Salmiya Bahrain: Manama and Seef Corner Qatar: Doha -Arabia Falcon Insurance SAOC (AFIC): Muscat ( Head Office), Seeb, Salalah, Nizwa, Sohar, Ruwi. -Arabia Insurance Cooperative Company (AICC): Saudi Arabia (Head Office - Riyadh + Jeddah branch 1 ,Jeddah branch 2 , Makkah Al Mukaramah, Khamis Mushait, Al Khobar.