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Union Insurance

About Us

Board of Directors

HH Sheikh Nasser bin Rashid Almoalla

Chairman

Mr. Ali Rashed Sultan Alkaitoob Alnuaimi

Vice Chairman

Mr. Ahmed Said Al Alami

Member

Ms. Aliah Fareed Harmouzi

Member

Mr. Mohammed Salem Al Hossany (representing Al Salem Company)

Member

Mr. Abdulla Mohammed Hassan Mohammed Alhosani

Member

Mr. Bashar Al Zoubi (representing Al Baraka Investments)

Member

A message from the CEO

One of the things that I value most about Union Insurance, is our ability to adapt to a world where change seems to be the only constant. We are living in an era of digital transformation. At UIC, this doesn’t just mean using technology more prolifically. It also includes extending the ways in which it is used.

Ceo

Our clients trust Union Insurance because they know we understand that markets and market conditions are continually evolving; a condition that creates new risks, which in turn, requires new products. We are able to help our clients prepare themselves for almost any unforeseen hazard because our qualified technical team works hand-in-hand with clients to prepare policies that provide comprehensive coverage. This has enabled us to provide customers with a seamless experience, create a deeper connection, and to offer more meaningful services.

Union Insurance has always been a company that values people. We see them as individuals, not as a resource. It begins with our staff, whom we treat with care and respect. But it also extends to our customers, who enjoy a level of customer service far above average, thanks to our skilled and motivated employees. They are the ones who make it possible for us to provide advanced protection and risk management to individuals, business owners and government entities. They also ensure a friendly, quick, and efficient experience, every time a client (or potential client) engages with us.

The formula for our innovative products and superior customer service is simple. We foster a corporate culture that is open, empowering, and collegial to ensure that our technical team, and all members of our staff, serve clients to the best of their ability.

Senior Management

Abdul

Mr. Abdul Muttaleb M. Al Jaedi

Chief Executive Officer
Usman

Mr. Usman Khadmi

President - General Insurance
Kamal

Mr. Kamal Chhabra

President - Life, Affinity, Bancassurance & Personal Lines
Ramanathan

Mr. Ramanathan Vaidyanathan

Chief Financial Officer

The Company Profile

Union Insurance was established in 1998 with a paid-up capital of over AED 330 million. It is licenced by the UAE Insurance Authority and listed on the Abu Dhabi Securities Exchange, with its corporate office located in Dubai.

At Union Insurance, we provide a comprehensive range of retail and commercial insurance products to clients in the UAE, as well as the Middle East. Led by some of the most experienced and respected professionals in the industry, we make it a point to offer innovative, superior-value insurance coverage.

This includes both standard and customised policies to help individuals; small, medium, and large enterprises; and government entities, obtain reliable and cost-effective insurance covers. We offer additional insurance services as well. They include risk assessment and gap analysis of insurance coverage, conducted by professionals with decades of experience.

Our comprehensive coverage in areas including (but not limited to) life, health, automobiles, property, engineering, liability and maritime, frees our clients to focus on their core operations, and gives them the surety of having robust insurance policies to manage various risks.

We have obtained ISO 14001, OHSAS 18001, ISO 9001 and ISO 10002 certification.

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Below, you will find the company highlights. They are essentially the four pillars on which UIC is built, and the reason behind our clients’ trust in us.
Exceptional customer service

We’re proud of the level of trust our customers place in us, and we work hard to maintain it. From guiding you towards the right policy to helping you customize it according to your specific needs while providing support at all times, we are with you every step of the way.

Experienced technical team

We have a highly efficient in-house team with years of collective experience behind them. This, along with their strong structuring abilities, consistently enables them to develop distinctly reliable, innovative, and enhanced products, and to provide comprehensive insurance services such as highly accurate gap analysis and risk assessment.

Digital capabilities

In a world that is becoming more and more digitized, we make it a point to offer products that are supplemented by digital channels. They play a crucial role in helping us to continuously develop smoother and more reliable methods for submitting and tracking claims, issuing policies, and other services, for our customers’ benefit.

Seamless experiences

We have a strong online presence, hassle-free claim processes, a well-developed network, and experienced trusted partners that work harmoniously together to make managing your various risks as smooth and uncomplicated as possible and to provide you with robust and comprehensive coverage.

About Us Mission

Vision

To be the trusted insurance provider in the United Arab Emirates and wider Middle East region.

Mission

To deliver innovative, high-value insurance products that provide better risk management solutions to individuals, companies and governments.

Core Values

Empowerment

We believe in the importance of encouraging a culture of employee empowerment across our organization, unlocking their full potential for their benefit, as well as ours and yours.

Friendship

The successful insurance business is always people-centric. That’s why we cultivate a collaborative and collegial atmosphere within the company and treat our clients with respect and care.

Equal opportunity

In the multicultural business environment of the UAE, we believe that it’s absolutely crucial for all employees to have the same opportunities for advancement - based on their performance, not their nationality.

Innovation

Markets, businesses, and risks continually change. As a result, we constantly look for new ways to add value to our existing products, and develop new ones in order to provide clients with the best risk-management tools, regardless of external fluctuations.

Quality

Instilling a commitment to quality among our colleagues has enabled us to consistently deliver enhanced customer experiences and high-caliber products.

Reliability

The strength of our in-house technical team, and our emphasis on round-the-clock customer support, is the reason our clients trust us to provide them with the best coverage, as well as the support they need, whenever they need it.

Social responsibility

Our organization is deeply committed to helping people and companies manage risk, which is why we strongly believe in working to make a real and positive impact on the communities that we serve.

Teamwork

Working seamlessly as a team has helped our employees to generate enhanced values that are passed on to our clients through superior customer experiences and better insurance products.

Trust

Consistency in what we say and do has forged a deep trust between us and our clients and partners - a trust that we highly value and always uphold.

Corporate Governance Reports

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Corporate Governance Report 2015 Read Online viewred viewwhite Download downloadred download
Corporate Governance Report 2016 Read Online viewred viewwhite Download downloadred download
Corporate Governance Report 2017 Read Online viewred viewwhite Download downloadred download
Corporate Governance Report 2018 Read Online viewred viewwhite Download downloadred download
Corporate Governance Report 2019 Read Online viewred viewwhite Download downloadred download
Corporate Governance Report 2020 Read Online viewred viewwhite Download downloadred download

Investor Relations

Board of Directors Reports

2021

Disclosure of the Results of the Board of Directors Meeting On 10/06/2021 View viewred viewwhite Download downloadred download
Board of Directors 10/06/2021 View viewred viewwhite Download downloadred download
Managements report for Q1 2021 View viewred viewwhite Download downloadred download
Resignation of Board of Directors View viewred viewwhite Download downloadred download
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Share Price

2021

Share Price Read Online viewred viewwhite

UIC ShareHolders

2021

Statement of Shareholders of the Company's Capital as on 10/06/2021

NamePercentage of Capital Shares
Name
Umm Al Qaiwain General Investments P.S.C
The number of capital shares
Percentage of Capital Shares
18.72%
Name
Al Manarah Investment and Development Centre
The number of capital shares
Percentage of Capital Shares
18.37%
Name
Salem Abdullah Salem Al-Hosni
The number of capital shares
Percentage of Capital Shares
14.08%
Name
Salem Abdullah Salem Al-Hosni
The number of capital shares
Percentage of Capital Shares
9.06%
Name
Gulf General Investment Company PSC
The number of capital shares
Percentage of Capital Shares
6.93%
Name
Gulf Falcons General Trading Company L.L.C.
The number of capital shares
Percentage of Capital Shares
6.06%

News

2021

Dividends Section

2021

For any inquiries about the uncollected dividends, please contact Investors Relations Manager:

Riham Osama
Tel: 04-3787609
Email: Riham.O@unioninsurance.ae

Disclosure of Uncollected Dividends

https://www.adx.ae/english/pages/NewsDetails.aspx?viewid=20210418103958-UNION

Article of Association

2021

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Article of Association Amendments View viewred viewwhite Download downloadred download

Directory of Investor Rights In Securities

2021

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General Assembly Meeting

2021

Results of AGM on 30/9/2021 View viewred viewwhite Download downloadred download
Invitation of the General Assembly Meeting 30/09/2021 View viewred viewwhite Download downloadred download
Clarifying disclosure regarding the approval of agencies 30/09/2021 View viewred viewwhite Download downloadred download
Results of Annual General Assembly Meeting 08/06/2021 View viewred viewwhite Download downloadred download
Nominees List for the Board of Directors View viewred viewwhite Download downloadred download
Opening of Nomination for Membership of the Board of Directors View viewred viewwhite Download downloadred download
Invitation of the Annual General Assembly Meeting 8/06/2021 View viewred viewwhite Download downloadred download
Subsequent AGM Disclosure View viewred viewwhite Download downloadred download
Results of Annual General Assembly Meeting 22/04/2021 View viewred viewwhite Download downloadred download
Remuneration Policy for the Board of Directors View viewred viewwhite Download downloadred download
Nomination Policy to Membership of the Board of Directors View viewred viewwhite Download downloadred download
Suggested amendments to the Article of the Association View viewred viewwhite Download downloadred download
Clarifying disclosure regarding the approval of agencies View viewred viewwhite Download downloadred download
Invitation of the Annual General Assembly Meeting View viewred viewwhite Download downloadred download

Financial Statements

2021

Financial Statement for Q1 2021 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2021 View viewred viewwhite Download downloadred download

Sustainability Reports

2021

Sustainability Report 2020 View viewred viewwhite Download downloadred download

Article of Association

2020

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Board of Directors Reports

2020

Board of Directors report for Q1 2020 View viewred viewwhite Download downloadred download
Board of Directors report for Q2 2020 View viewred viewwhite Download downloadred download
Board of Directors report for Q3 2020 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2020 View viewred viewwhite Download downloadred download

Directory of Investor Rights In Securities

2020

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Dividends Section

2020

For any inquiries about the uncollected dividends, please contact Investors Relations Manager:

Riham Osama
Tel: 04-3787609
Email: Riham.O@unioninsurance.ae

Financial Statements

2020

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Financial Statement for Q2 2020 View viewred viewwhite Download downloadred download
Financial statement for Q3 2020 View viewred viewwhite Download downloadred download
Financial Statement for Q4 2020 View viewred viewwhite Download downloadred download

General Assembly Meeting

2020

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News

2020

UIC ShareHolders

2020

Statement of Shareholders holding 5% or more of the Company's Capital as on 25/10/2020

NamePercentage of Capital Shares
Name
Al Manarah Investment and Development Centre
The number of capital shares
Percentage of Capital Shares
21.36%
Name
Salem Abdullah Al-Salem Al-Hosni
The number of capital shares
Percentage of Capital Shares
14.08%
Name
Investment Group Private Limited
The number of capital shares
Percentage of Capital Shares
13.50%
Name
Gulf Falcons General Trading Company L.L.C.
The number of capital shares
Percentage of Capital Shares
13.42%
Name
Gulf General Investment Company PSC
The number of capital shares
Percentage of Capital Shares
8.78%

Share Price

2020

UIC Share price Read Online viewred viewwhite

Article of Association

2019

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Board of Directors Reports

2019

Board of Directors report for Q1 2019 View viewred viewwhite Download downloadred download
Board of Directors Report for Q2 2019 View viewred viewwhite Download downloadred download
Board of Directors report for first 9M 2019 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2019 View viewred viewwhite Download downloadred download

Directory of Investor Rights In Securities

2019

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Dividends Section

2019

For any inquiries about the uncollected dividends, please click here or contact Investors Relations Manager:

Riham Osama
Tel: 04-3787609
Email: Riham.O@unioninsurance.ae

Financial Statements

2019

Financial statement for Q1 2019 View viewred viewwhite Download downloadred download
Financial statement for Q2 2019 View viewred viewwhite Download downloadred download
Financial statement for Q3 2019 View viewred viewwhite Download downloadred download
Financial Statement for Q4 2019 View viewred viewwhite Download downloadred download

General Assembly Meeting

2019

General Assembly Report 2019 View viewred viewwhite Download downloadred download

News

2019

UIC ShareHolders

2019

Statement of Shareholders holding 5% or more of the Company's Capital as on 25/10/2020

NamePercentage of Capital Shares
Name
Al Manarah Investment and Development Centre
The number of capital shares
Percentage of Capital Shares
21.36%
Name
Investment Group Private Limited
The number of capital shares
Percentage of Capital Shares
13.50%
Name
Salem Abdullah Al-Salem Al-Hosni
The number of capital shares
Percentage of Capital Shares
14.08%
Name
Gulf General Investment Company PSC
The number of capital shares
Percentage of Capital Shares
8.79%
Name
Gulf Falcons General Trading Company L.L.C.
The number of capital shares
Percentage of Capital Shares
13.42%

Share Price

2019

UIC Share price Read Online viewred viewwhite

Article of Association

2018

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Board of Directors Reports

2018

Board of Directors report for Q1 2018 View viewred viewwhite Download downloadred download
Board of Directors report for Q2 2018 View viewred viewwhite Download downloadred download
Board of Directors report for first 9M 2018 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2018 View viewred viewwhite Download downloadred download

DIVIDENDS SECTION

2018

For any inquiries about the uncollected dividends, please click here or contact Investors Relations Manager:

Riham Osama

T: 04-3787609

E: Riham.O@unioninsurance.ae

Name
Name
The number of capital shares
Percentage of Capital Shares
Name
The number of capital shares
Percentage of Capital Shares

Directory of Investor Rights In Securities

2018

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Financial Statements

2018

Financial Statement for Q1 2018 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2018 View viewred viewwhite Download downloadred download
Financial Statement for first 9M 2018 View viewred viewwhite Download downloadred download
Financial Statement for Q4 2018 View viewred viewwhite Download downloadred download

General Assembly Meeting

2018

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News

2018

UIC ShareHolders

2018

Statement of Shareholders of the Company's Capital

UIC SHAREHOLDERS FOR 2018 View viewred viewwhite Download downloadred download

Share Price

2018

UIC Share price Read Online viewred viewwhite

Article of Association

2017

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Board of Directors Reports

2017

Board of Directors report for Q1 2017 View viewred viewwhite Download downloadred download
Board of Directors report for Q2 2017 View viewred viewwhite Download downloadred download
Board of Directors report for first 9M 2017 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2017 View viewred viewwhite Download downloadred download

DIVIDENDS SECTION

2017

For any inquiries about the uncollected dividends, please click here or contact Investors Relations Manager:

Riham Osama

T: 04-3787609

E: Riham.O@unioninsurance.ae

Directory of Investor Rights In Securities

2017

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Financial Statements

2017

Financial Statement for Q1 2017 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2017 View viewred viewwhite Download downloadred download
Financial Statement for first 9M 2017 View viewred viewwhite Download downloadred download
Financial Statement for Q4 2017 View viewred viewwhite Download downloadred download

General Assembly Meeting

2017

General Assembly Report 2017 View viewred viewwhite Download downloadred download

News

2017

UIC ShareHolders

2017

Statement of Shareholders of the Company's Capital

UIC SHAREHOLDERS FOR 2017 View viewred viewwhite Download downloadred download

Share Price

2017

UIC Share price Read Online viewred viewwhite

Article of Association

2016

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Board of Directors Reports

2016

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Board of Directors report for Q2 2016 View viewred viewwhite Download downloadred download
Board of Directors report for first Q3 2016 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2016 View viewred viewwhite Download downloadred download

DIVIDENDS SECTION

2016

For any inquiries about the uncollected dividends, please contact Investors Relations

Manager: Riham Osama

Tel: 04-3787609

Email: Riham.O@unioninsurance.ae

Directory of Investor Rights In Securities

2016

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Financial Statements

2016

Financial Statement for Q1 2016 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2016 View viewred viewwhite Download downloadred download
Financial Statement for first Q3 2016 View viewred viewwhite Download downloadred download
Financial Statement for Q4 2016 View viewred viewwhite Download downloadred download

General Assembly Meeting

2016

General Assembly Report 2016 View viewred viewwhite Download downloadred download

News

2016

UIC ShareHolders

2016

Statement of Shareholders of the Company's Capital

UIC SHAREHOLDERS FOR 2016 View viewred viewwhite Download downloadred download

Share Price

2016

UIC Share price Read Online viewred viewwhite

Article of Association

2015

Article of Association for 2015 View viewred viewwhite Download downloadred download

Board of Directors Reports

2015

Board of Directors report for Q1 2015 View viewred viewwhite Download downloadred download
Board of Directors report for Q2 2015 View viewred viewwhite Download downloadred download
Board of Directors report for first 9M 2015 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2015 View viewred viewwhite Download downloadred download

DIVIDENDS SECTION

2015

For any inquiries about the uncollected dividends, please click here or contact Investors Relations Manager:

Riham Osama

T: 04-3787609

E: Riham.O@unioninsurance.ae

Directory of Investor Rights In Securities

2015

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Financial Statements

2015

Financial Statement for Q1 2015 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2015 View viewred viewwhite Download downloadred download
Financial statement for Q3 2015 View viewred viewwhite Download downloadred download
Financial statement for Q4 2015 View viewred viewwhite Download downloadred download

General Assembly Meeting

2015

General Assembly Report 2015 View viewred viewwhite Download downloadred download

News

2015

UIC ShareHolders

2015

Statement of Shareholders of the Company's Capital

UIC SHAREHOLDERS FOR 2015 View viewred viewwhite Download downloadred download

Share Price

2015

UIC Share price Read Online viewred viewwhite

Article of Association

2014

Article of Association for 2014 View viewred viewwhite Download downloadred download

Board of Directors Reports

2014

Board of Directors report for Q1 2014 View viewred viewwhite Download downloadred download
Board of Directors report for Q2 2014 View viewred viewwhite Download downloadred download
Board of Directors report for first 9M 2014 View viewred viewwhite Download downloadred download
Board of Directors report for Q4 2014 View viewred viewwhite Download downloadred download

DIVIDENDS SECTION

2014

For any inquiries about the uncollected dividends, please contact Investors Relations

Manager: Riham Osama

Tel: 04-3787609

Email: Riham.O@unioninsurance.ae

Directory of Investor Rights In Securities

2014

Directory of Investor Rights in Securities in United Arab Of Emirates View viewred viewwhite Download downloadred download

Financial Statements

2014

Financial Statement for Q1 2014 View viewred viewwhite Download downloadred download
Financial Statement for Q2 2014 View viewred viewwhite Download downloadred download
Financial statement for Q3 2014 View viewred viewwhite Download downloadred download
Financial statement for Q4 2014 View viewred viewwhite Download downloadred download

News

2014

UIC ShareHolders

2014

Statement of Shareholders of the Company's Capital 

UIC SHAREHOLDERS FOR 2014 View viewred viewwhite Download downloadred download

Share Price

2014

UIC Share price Read Online viewred viewwhite
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