Al Sagr National Insurance Company (ASNIC), Dubai, was incorporated on 25th December, 1979 as a public shareholding company through an Emiri Decree from HH Sheikh Rashid Bin Said Al Maktoum, the late Ruler of Dubai, and Vice President of the UAE. The company is registered with the Ministry of Economy & Commerce of the United Arab Emirates (UAE) under Reg. No. 202191. It is licensed under License No. 16 in accordance with the Federal Insurance Law No. (9) of 1984 to transact all types of insurance business.
ASNIC’s shareholders are all UAE nationals who have achieved prominence in the business world through their respective interests. Their sheer sense of realism and pragmatic approach has greatly contributed to the company’s stride towards progress over a span of more than three decades. Today, ASNIC is one of the top ten leading insurance companies in the UAE and enjoys support from the world’s leading reinsurers.
With branches all over the UAE, the company’s expansion has been a harmonious process in tandem with the development of the region and in accordance with the requirement of its reputed clients.