Sukoon Insurance (formerly Oman Insurance)
Info CheckedInsurance Brokers
Deira, Dubai
About
About Sukoon Insurance
Sukoon Insurance, formerly Oman Insurance Company, was founded in 1975 and rebranded in 2022. As one of the UAE's oldest and largest multi-line insurers, Sukoon serves individuals and businesses through 11 branches across the Emirates, backed by AED 850M+ in paid-up capital.
- Founded in 1975 — one of the UAE's longest-established insurers
- Rebranded from Oman Insurance Company to Sukoon in 2022
- ~368 employees across 11 UAE branches
- Owned by Mashreq Bank, providing strong financial backing
- AED 850M+ paid-up capital ensuring claims-paying ability
Property & Real Estate Insurance
- Homeowner and landlord property insurance (building + contents)
- Commercial property and fire insurance for offices, retail, and warehouses
- Contractor's All Risks (CAR) for construction projects
- Engineering insurance (machinery breakdown, boiler & pressure vessel)
- Group medical and workers' compensation for property management staff
Sources
Services Offered
Key services Sukoon Insurance (formerly Oman Insurance) provides for insurance brokers clients in Dubai:
Why Choose Sukoon Insurance (formerly Oman Insurance)
- One of the UAE's largest and longest-established insurers, operating since 1975 (as Oman Insurance Company).
- Rebranded to Sukoon Insurance on 6 October 2022; "Sukoon" means peace of mind.
- A direct carrier that underwrites and issues its own policies across personal and commercial lines.
- Offers property-relevant cover including Home Insurance for individuals.
- Financial strength independently rated by both AM Best and S&P Global Ratings.
- Serves over 1.36 million insured members across the UAE and Oman.
How Sukoon Insurance (formerly Oman Insurance) Works
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1
Request a quote
Contact Sukoon online or by phone for a quote on the cover you need.
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2
Provide property / risk details
Share details of the home or asset to be insured so cover and premium can be assessed.
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3
Receive policy terms
Sukoon underwrites the risk and issues the policy terms and premium for your review.
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4
Activate cover
Pay the premium to bind the policy and receive your documentation.
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5
Claims support
Lodge claims through Sukoon's service channels.
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
Does Sukoon offer home insurance in Dubai?
Yes. Sukoon offers Home Insurance for individuals as part of its personal lines, and high-net-worth home cover through its Privilege Club.
Is Sukoon a broker or an insurer?
Sukoon is an insurer (carrier) — it underwrites and issues its own policies rather than placing cover through other insurers.
Is Sukoon the same as Oman Insurance?
Yes. Oman Insurance Company rebranded to Sukoon Insurance on 6 October 2022. It is the same company, operating in the UAE since 1975.
Who regulates Sukoon?
Sukoon is licensed and regulated by the Central Bank of the UAE (CBUAE), which oversees UAE insurers.
When was Sukoon founded?
The company began operations in the UAE in 1975 as Oman Insurance Company and rebranded to Sukoon in 2022, marking 50 years of insurance in the region.
What other insurance does Sukoon provide?
Beyond home cover, Sukoon writes motor, health/medical, life, travel, personal accident and yacht lines for individuals, plus commercial and trade credit insurance for businesses.
Is Sukoon financially rated?
Yes. Sukoon's financial strength has been rated by both AM Best and S&P Global Ratings.
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