About Masdar Gulf Insurance Company (MGIC)

Founded in 1972 in the United Arab Emirates (UAE), Masdar Gulf Insurance Company (MGIC) has established itself as a premier multi-line regional insurance provider. With extensive expertise in both insurance and reinsurance, MGIC serves individuals and corporations across the Middle East and North Africa (MENA) region. Licensed by the Central Bank of the UAE and listed on the Abu Dhabi Securities Exchange (ADX), MGIC is headquartered in Abu Dhabi. Our extensive network of branches, sales offices, and customer service centers ensures we are always within reach. MGIC offers a comprehensive range of customizable and scalable insurance products, catering to the unique and evolving needs of individuals, as well as small, mid-sized, and large enterprises in the UAE and the broader MENA region. Our financial stability, robust balance sheet, and commitment to operational excellence empower us to fulfill our obligations to clients, providing them with peace of mind when they need it most. In 2022, Standard & Poor’s reaffirmed our financial rating of ‘A’ with a Stable Outlook, while AM Best also reaffirmed our financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) with a stable outlook.

Masdar Gulf Insurance Company (MGIC) has forged strategic partnerships with prominent organizations across the Emirates to bolster its sustainability efforts and core business model. Since 2020, MGIC has partnered with the Social Investment Fund, administered by the Authority of Social Contribution - Ma’an, to support the UAE community during the pandemic. In 2023, MGIC contributed AED 2 million to Ma’an to address societal priorities in Abu Dhabi. For the third consecutive year, MGIC has worked with Emirates Nature-WWF, contributing to local conservation projects that support the UAE’s net zero goals. MGIC has also supported the Reach campaign, donating AED 1.5 million to combat neglected tropical diseases (NTDs). MGIC is committed to fostering local talent and works closely with the government to encourage UAE nationals to join the private sector. The Emkanati Programme trains Emiratis in MGIC’s underwriting divisions, enhancing their technical, behavioral, and leadership skills for current and future roles. In October 2021, MGIC was recertified for ISO 9001:2015 by LRQA (Lloyd’s Register Quality Assurance). MGIC remains one of the most awarded insurance companies in the region, recognized for numerous industry accolades and achievements.