Growth: 48.7 percent
Abu Dhabi National Insurance Company, or ADNIC, is based in Abu Dhabi, and has been the UAE’s third-largest insurer since 2015.
According to the 2022 Brand Finance Middle East 150 report, ADNIC grew by 48.7 percent from last year.
ADNIC was founded in 1972 and is part of the Abu Dhabi Investment Council’s portfolio of companies. The council is the largest shareholder in the company, with a 24 percent stake.
The company offers life and nonlife insurance products in the UAE. Its main corporate offerings are in the property, marine and aviation businesses. It plans to expand its presence in the Middle East and North Africa region, and also enter the aerospace and SME industries.
In 2015, the company’s color-coded motor insurance offering was recognized as best consumer insurance product at the Banker Middle East UAE Product Awards.