The insurance sector in the UAE is highly competitive, yet against this fluctuating landscape, RAKINSURANCE‘s financial position remains resilient and keeps pace with the market despite competitive pressure. We have achieved longevity through strong stakeholders management, robust governance, and qualified and competent staff. These have contributed to consistent year on year premium growth. All of these factors have helped us achieve a Standard & Poor’s rating of BBB+ with Stable outlook.

Through our commitment to continuous improvement and development, we believe sensible, sustainable growth is achievable and this growth will allow us to re-invest in valuable initiatives such as our maturing ERM, staff engagement and development and support of our Emiratisation programme for UAE National employees. With RAKBANK’s emergence as our major shareholder, we have jointly initiated a re-brand exercise to reflect our special relationship. We are excited at the prospect that this “Simply Better” approach will support better products and service innovations and in turn stimulate growth and increase revenue streams.

We, at RAKINSURANCE, are dedicated in our efforts to continuously improve – ensuring we meet the needs and expectations of all our valued customers across the UAE.