Established in 1976, under the patronage of the Ruler of Fujairah, AFNIC is a Public Shareholding Company registered under the Federal Company Law, and Federal Insurance Law with the Government of Fujairah as the major Shareholders (with over 80% share)
With a wide network of full-fledged branch offices spread throughout the UAE, it has its active presence in Abu Dhabi, Dubai, Sharjah, Dibba and Fujairah, in addition to the Insurance ATMs (a revolutionary concept â€“ a first of its kind in the world) installed at various Petrol Stations in Dubai.
The Company writes all classes of Property and Casualty insurances including Motor Vehicles and Marine Vessels to Jet Aircrafts, Port Operators’ Liability, Group Life, Medical etc.
AFNIC is supported by a panel of strong Reinsurance securities and is backed with expertise of over 35 years, and has a Paid-up Capital of AED 100 Million and a total Assets of over AED 400 Million. The Company is listed on the Abu Dhabi Stock Market in the year 2007.