Arabian Scandinavian Insurance Company (ASCANA)
Info CheckedInsurance Brokers
Deira, Dubai
About
Arabian Scandinavian Insurance Company (ASCANA) is a UAE-based insurer established in 1976 as a joint venture between Middle Eastern and Scandinavian insurance interests. Listed on the Dubai Financial Market, ASCANA is regulated by the UAE Central Bank and has maintained steady operations for nearly 50 years. The company has carved out a niche as a reliable, mid-market insurer with strong technical underwriting expertise.
Insurance Products
ASCANA offers a well-rounded portfolio of general insurance: property (fire and allied perils, householders', commercial all risks), motor, marine, engineering, workmen's compensation, and medical insurance. Their property insurance is competitively priced and covers building structure, contents, personal possessions, and third-party liability. Medical insurance plans are DHA-approved and available for individuals, families, and SME groups with tiered coverage options.
Key Differentiators
ASCANA's Scandinavian heritage brings a culture of transparency and fair dealing that distinguishes it in the market. They are known for clear policy wording with minimal exclusions, making it easier for property owners to understand their coverage. Their underwriting team provides personalised risk assessment for property insurance, and their claims process emphasises quick settlement. ASCANA also reinsures with top-tier European and global reinsurers, ensuring financial security.
Coverage Areas
ASCANA operates from its Dubai head office and serves all UAE emirates. Their property insurance covers residential and commercial properties across Dubai. Medical insurance is accepted at 500+ healthcare providers across the UAE.
Services Offered
Key services Arabian Scandinavian Insurance Company (ASCANA) provides for insurance brokers clients in Dubai:
Why Choose Arabian Scandinavian Insurance Company (ASCANA)
- Established UAE insurer since 1978 — one of the country's long-standing insurance companies, founded with Scandinavian entrepreneurs.
- Sharia-compliant takaful operator — issues policies under a Sharia Supervisory Board, an option for clients seeking Islamic-finance-compliant cover.
- Underwrites its own policies as a carrier, including property, motor, medical, marine, engineering and general accident lines.
- Property and liability lines relevant to homeowners, landlords and real-estate businesses.
- UAE-wide reach through offices in Dubai and Abu Dhabi, serving individuals, corporates and government departments.
How Arabian Scandinavian Insurance Company (ASCANA) Works
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1
Request a quote
Contact ASCANA with the asset, property or risk you want to cover and provide the relevant details.
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2
Receive a takaful proposal
The insurer assesses the risk and issues a Sharia-compliant takaful quotation for the chosen line of cover.
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3
Issue the policy
On acceptance and contribution payment, ASCANA underwrites and issues the takaful certificate directly.
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4
Claims and renewal
Notify the insurer in the event of a covered loss and renew the policy at the end of the term.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.
Frequently Asked Questions
Is ASCANA an insurance broker or an insurer?
ASCANA (Arabian Scandinavian Insurance Company) is an insurer / takaful operator — it underwrites and issues its own policies rather than placing cover through other carriers as a broker would.
Does ASCANA offer property or home insurance in Dubai?
Yes. ASCANA underwrites property and general lines including fire and allied perils, property all-risk and liability cover, which are relevant to homeowners, landlords and businesses.
Is ASCANA a takaful (Sharia-compliant) provider?
Yes. ASCANA operates as a takaful operator, underwriting Sharia-compliant cover under the oversight of a Sharia Supervisory Board.
What insurance lines does ASCANA underwrite?
Its lines include property, liability, motor, medical, marine, engineering, general accident and group life takaful.
Who regulates ASCANA in the UAE?
UAE insurers are regulated by the Central Bank of the UAE (CBUAE), which took over insurance supervision from the former Insurance Authority in 2020. Always verify a provider's current licence status with the CBUAE.
Where does ASCANA operate?
ASCANA serves clients across the UAE through offices in Dubai and Abu Dhabi.
When was ASCANA founded?
The Arabian Scandinavian Insurance Company was established in 1978 in cooperation with a group of Scandinavian entrepreneurs.
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