Media Center
March 22, 2023
ADNIC shareholders approve cash dividends of 40% at the Annual General Meeting
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has approved the distribution of 40% cash dividends (AED 0.40 per share, implying total cash dividends of AED 228 million) for the financial year ended 31 December 2022, after concluding its Annual General Meeting (AGM) today.
March 26, 2024
ADNIC shareholders approve cash dividends of 45% at the Annual General Meeting
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has approved the distribution of 45% cash dividends (AED 0.45 per share, implying total cash dividends of AED 256.5 million) for the financial year ended 31 December 2023, after concluding its Annual General Meeting (AGM) today.
February 15, 2024
ADNIC achieves 2023 full year net profit of AED 401.2 million
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, reported its financial results for the full year ended 31 December 2023.
May 10, 2023
ADNIC reports first quarter 2023 net profit of AED 99.7 million
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, reported its financial results for the three-month period ended 31 March 2023.
August 16, 2023
ADNIC reports net profit of AED 204.4 million in H1 2023
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, reported its financial results for the six-month period ended 30 June 2023. For the six-month period ended 30 June 2023, ADNIC recorded a net profit of AED 204.4 million.
December 20, 2023
ADNIC reports net profit of AED 301.9 million for the first nine months of 2023
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, reported its financial results for the nine-month period ended 30 September 2023.
April 18, 2024
ADNIC completes acquisition of 51% Allianz Saudi Arabia stake to drive regional growth strategy
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has completed the strategic acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia.
November 15, 2023
The Benefits of Sustainable Insurance Practices
As the world grapples with the impact of climate change and social inequality, sustainable insurance practices are no longer a mere ethical choice but a strategic business necessity. The insurance industry is uniquely positioned to influence and manage risks related to environmental, social, and governance (ESG) issues, paving the way for a more sustainable future for all.
December 25, 2023
How can insurance companies use data to improve customer experience?
Data has become an important part of a company’s day-to-day operations. In the digital age, businesses are rapidly producing and collecting more data than ever before. Forbes estimates that the amount of data created globally is expected to reach 175 zettabytes by 2025.
October 03, 2023
The role of insurance in financial planning
When it comes to financial planning, many people focus on saving, investing, and building wealth. While these are undoubtedly vital aspects, they often overshadow the unsung hero of financial planning: insurance. Insurance is more than a safety net; it’s an integral part of your financial foundation, offering protection against unexpected events.
August 30, 2023
How Diversity and Belonging Helps Build Better Workplaces
Diversity is far from being just a business buzzword. Recent research has indicated that workplace diversity has benefits and bankable advantages that make it an imperative that many are prioritizing across every sector and industry. Those transformative qualities include but are not limited to increased productivity, better engagement, and innovation. By fostering an inclusive and diverse workplace, insurance firms can better align with forward-thinking ideas and social responsibility, with a clear vision for the future.
July 20, 2023
Mind Over Matter: Mental Health Insurance is more than a safety net, it’s an investment.
Mental health, as significant as physical health, is a cornerstone of overall well-being in our dynamic world. Society is awakening to its importance, and measures to strengthen mental health support, such as mental health insurance, are increasingly valued.
May 22, 2023
Shield your small business: Why insurance is essential for success
Small businesses are a cornerstone of any economy, providing jobs, innovation, and growth. However, running a small business can be risky, with many uncertainties that could threaten success. Natural disasters, theft, accidents, and lawsuits are just a few of the risks that small businesses face. That's why insurance is crucial for these businesses.
June 05, 2023
Machine learning: how will AI impact the insurance sector?
The adoption of machine learning and artificial intelligence (AI) has become an essential element in almost all industries, and the insurance industry is no exception. The pandemic has reinforced the use of new technologies, including AI, for a smarter and more efficient future. According to PricewaterhouseCoopers (PwC), AI contribution is expected to grow annually between 20-34% per year across the region, with the UAE experiencing the fastest growth, followed by Saudi Arabia. The insurance sector alone has automated more than half of claims activities, and AI has improved various insurance processes, such as fraud detection and prevention, and routine operations.
March 31, 2023
Corporate insurance for a thriving company
Corporate insurance is an essential investment for any business operating in the region, regardless of its size or industry. The risks of running a business in the region are significant, with factors such as natural disasters and civil unrest posing a constant threat. That's why it's crucial to protect your business with comprehensive corporate insurance coverage.
February 27, 2023
Innovation in the insurance sector
The UAE insurance market has undergone significant changes over the past few years. With the adoption of cutting-edge technology and advanced operational solutions, the industry has streamlined processes, enhanced customer experience, and offered personalised insurance solutions.
January 31, 2023
The future of insurance in 2023: Key trends to watch
The insurance industry is constantly evolving, and as we move into 2023, there are several key trends that insurers should be aware of. From the impact of climate change to the rapid development of artificial intelligence, the insurance sector is facing new challenges and opportunities that will shape our industry in the coming years. These are some of the most significant changes that will impact the insurance industry in 2023:
April 12, 2022
How insurtechs can help evolve the UAE industry
The pandemic has accelerated digital transformation in the UAE’s insurance sector, with insurtechs rising to prominence and increasingly collaborating with established players, particularly around customer service innovation. According to Capgemini’s World InsurTech Report, 67% of UAE-based insurers wanted to collaborate with insurtechs in 2020.
September 13, 2022
How mega events draw together all facets of the insurance industry
The Gulf is increasingly becoming the home of mega events. This year’s World Cup in Qatar is expected to attract over one million fans from across the globe. Dubai attracted more than twenty million visitors to Expo 2020. Abu Dhabi is home to the annual climax of the Formula 1 calendar, and in 2023, the UAE will host COP28, the global climate change conference.
December 14, 2022
Five ways ADNIC is preparing for the future
Companies in the UAE and abroad are finding new ways to engage with stakeholders to prepare for a greener and more transparent future. Here are five areas in which ADNIC is working on to adapt to the new expectations of customers and employees, to innovate with purpose and reimagine insurance’s role in the way we live and work and contribute consciously for a better tomorrow:
