Dubai Insurance Company assigned ‘A’ Rating with Stable Outlook by Fitch

Dubai Insurance Company assigned ‘A’ Rating with Stable Outlook by Fitch

DUBAI - Dubai Insurance Company (DIN) has received an IFS “A” Rating with a Stable Outlook from London’s globally-renowned ratings agency Fitch Ratings (Fitch), a leader in financial information services and award-winning provider of credit ratings, commentary and research. According To Fitch, DIN enjoys a strong company profile with a gross written premium (GWP) of AED1.5 billion in 2022. The company is considered the fourth largest publicly listed insurer in the UAE by GWP, offering a diversified mix of personal and commercial insurance solutions with key government contracts, including workers protection programmee products and the newly launched involuntary loss of employment (ILOE) scheme. Abdellatif Abuqurah, CEO of DIN, said that earning an “A” Rating by one of the most renowned and trusted rating companies in the world "illustrates the solid standing of our company and the trust we have managed to earn through decades of hard work, innovation, and commitment to the progress of our nation.” “This is the first time in the history of DIN that we receive an ‘A’ rating, which reinforces and validates our sound business strategy in line with Dubai Vision 2030, as well as honors our legacy of excellence, and solidifies our positioning as industry