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Union Insurance
United Arab Emirates
1998 (27 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Union Insurance
Company Information
Get to know Union Insurance
Union Insurance is licensed by the UAE Insurance Authority and listed on the Abu Dhabi Securities Exchange, has its corporate offices in Ajman and Dubai. It was established in 1998 with paid-up capital of over AED 330 million,. The company provides a comprehensive range of retail and commercial insurance products to clients in the UAE and the Middle East region. Led by some of the most experienced and respected professionals in the industry, Union Insurance offers innovative, superior-value insurance coverage. This includes both standard and customized policies that help individuals, small, medium and large enterprises as well as government entities obtain reliable, cost-effective insurance cover. Additionally, the company offers insurance services such as risk assessment and gap analysis of insurance coverage conducted by professionals with decades of experience. By providing better coverage in areas including, but not limited to, life, health, automotive, property, engineering, liability and marine, Union Insurance frees its clients to focus on their core operations, confident that they have robust insurance policies in place to help manage their various risks.
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- Financial InsurancePRIMARY
- Financial Other Service
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