Sukoon Insurance PJSC Company Description

Sukoon Insurance PJSC engages in the insurance business in the United Arab Emirates, Sultanate of Oman, State of Qatar, England, Wales, the United Kingdom, GCC countries, and internationally.

It operates through three segments: General Insurance, Life Insurance, and Investment. The company offers car, travel, home, purple, life, personal accident, lifestyle protect, jetski, yacht, and medical malpractice cover insurance products for individuals; and motor fleet, group life, group health, commercial, and trade credit insurance products for businesses, as well as property, engineering, energy, medical, motor, general accident, aviation, and marine risks insurance products.

It is also involved in securities trading; financial and non-financial investments; deposits with banks; cash management; and provision of digital services.

The company was formerly known as Oman Insurance Company P.S.C. and changed its name to Sukoon Insurance PJSC in January 2024.

Sukoon Insurance PJSC was founded in 1975 and is headquartered in Dubai, the United Arab Emirates. Sukoon Insurance PJSC is a subsidiary of Mashreqbank PSC.