Oman Insurance Company
Oman Insurance Company's Overview
Sukoon Insurance PSC, formerly known as Oman Insurance Company PSC (OIC), is one of the most prominent insurance providers in the United Arab Emirates. Established in 1975, the company underwent a significant rebranding in October 2022 to Sukoon, an Arabic word meaning 'peace of mind', to better reflect its vision and commitment to its customers. Sukoon offers a comprehensive suite of insurance products including Life, Medical, Motor, and General (Property, Energy, Engineering, Aviation, Marine, Liability) insurance. With decades of experience, a strong financial A-rating (S&P), and a customer-first philosophy, Sukoon Insurance is dedicated to being a trusted partner for individuals and businesses across the UAE and select international markets. The company is publicly listed on the Dubai Financial Market (DFM).
Where is Oman Insurance Company's Headquarters?
HQ Function
Serves as the central hub for all strategic, operational, and administrative functions of Sukoon Insurance, overseeing its UAE-wide operations and international ventures, including its subsidiary in Turkey.
Notable Features:
A modern office building located in Deira, a key business district of Dubai, equipped with facilities to support its large workforce and customer service operations.
Work Culture:
Sukoon fosters a professional, customer-centric, and innovative work environment. It emphasizes teamwork, integrity, and continuous improvement, aiming to attract and retain top talent dedicated to delivering on the company's promise of 'peace of mind'.
HQ Significance:
The headquarters is pivotal to Sukoon's operations in the UAE, a major financial and business hub in the Middle East. It symbolizes the company's stability, market leadership, and long-standing commitment to serving the region's diverse insurance needs.
Values Reflected in HQ: The headquarters' operations and environment aim to embody Sukoon's core values: customer-centricity, reliability, innovation, excellence, and integrity.
Location:
Sukoon Insurance primarily operates within the United Arab Emirates, boasting an extensive network of branches and a strong market share across all emirates. Its international reach is mainly characterized by its subsidiary in Turkey, 'Dubai Sigorta A.Ş.', which provides non-life insurance products. Sukoon's global functions include managing these international operations, reinsurance partnerships, and serving multinational clients with operations in the regions it covers.
Street Address:
Al Maktoum Building, No. 24, Street 36A, Deira
City:
Dubai
State/Province:
Dubai
Country:
United Arab Emirates
Oman Insurance Company's Global Presence
Abu Dhabi, United Arab Emirates
Address: Salam Street, near ADNOC HQ, P.O. Box 3231, Abu Dhabi
To cater to the extensive insurance requirements of the Abu Dhabi market, supporting individuals, families, and diverse businesses, and reinforcing Sukoon's strong presence in this key emirate.
Sharjah, United Arab Emirates
Address: Al Ghuwair area, near Old Gold Souk, P.O. Box 1959, Sharjah
To provide accessible and dependable insurance solutions to the residents and businesses of Sharjah, contributing to Sukoon's comprehensive service network across the Northern Emirates.
Istanbul, Turkey
Address: Dubai Sigorta A.Ş. (Sukoon's subsidiary) - Maslak Mah. AOS 55. Sok. No:2/401 42 Maslak Sarıyer, İstanbul
To extend Sukoon's insurance expertise and services to the Turkish market, leveraging local knowledge and Sukoon's international standards.
Buying Intent Signals for Oman Insurance Company
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Executive Team of Oman Insurance Company
As of April 2025, Oman Insurance Company' leadership includes:
Investors of Oman Insurance Company
Oman Insurance Company has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
Sukoon Insurance has made several strategic executive appointments in the last 12-18 months, significantly bolstering its leadership team across critical areas such as People & ESG, Commercial Lines, Personal Lines & Digital, and Operations, aligning with its growth and transformation objectives post-rebranding. There have been no prominent publicly announced C-suite departures in the immediate past 12 months, suggesting a period of leadership consolidation.
New Appointments:
Technology (Tech Stack) used by Oman Insurance Company
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Oman Insurance Company Email Formats and Examples
Sukoon Insurance, like many large corporations, likely utilizes standardized email formats for its employees. While the exact primary format isn't publicly detailed, common patterns such as [first_name].[last_name]@sukoon.com or [first_initial][last_name]@sukoon.com are frequently adopted by companies of this scale for professional communication.
[first_name].[last_name]@sukoon.com
Format
jane.doe@sukoon.com
Example
85%
Success rate
News and media
Gulf News • February 14, 2024
Sukoon Insurance posts Dh201.1m net profit for 2023, highest in 7 years
Sukoon Insurance announced a net profit of Dh201.1 million for the full year 2023, marking its highest profit in seven years. The company also reported a total gross written premium of Dh4.55 billion, up 16.5% year-on-year, reflecting strong growth and performance post its rebranding....more
Zawya • November 20, 2023
Sukoon Wins 'UAE Insurer of the Year' at MENA IR Awards 2023
Sukoon Insurance was recognized as the 'UAE Insurer of the Year' at the 2023 Middle East and North Africa Insurance Review (MENA IR) Awards. This prestigious award highlights the company's excellence in service, innovation, and financial performance within the highly competitive UAE insurance market....more
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