- License to ADNIC to start operations in Gift City, India
- From this stage the company continued to expand internationally
- Economic ties between UAE and India strengthened
Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurance provider for corporate and individual customers, has received a license to conduct reinsurance business at India’s first International Financial Services Center (IFSC) GIFT City in Gujarat. This license is effective from 1st April 2026.
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An important step in international expansion strategy
The approval is an important milestone in ADNIC’s international expansion strategy. The company recently entered the Saudi Arabian market and has now strengthened its existing cross-border reinsurance business in India.
Help increase service capacity for customers
This branch in India is expected to help diversify revenue streams and enhance service capabilities for customers in fast-growing markets, thereby fueling ADNIC’s long-term growth. Also, the branch will contribute to deepening economic ties between the UAE and India in line with the shared objective of both countries to increase bilateral trade and investment.
Stability of the UAE business environment
This approval reflects the stability of the business environment in the UAE. Companies here are constantly striving to achieve their strategic goals and expand into global markets despite changing regional trends. ADNIC’s entry into India reflects the company’s commitment to long-term growth and further strengthens the company’s position as a regional insurer with a growing international presence.
India-UAE economic ties stronger
ADNIC Chief Executive Officer Charalampos Mylonas said: “Getting a license to operate in Gift City is an important milestone in ADNIC’s international growth journey. This reinforces our long-term commitment to support our customers and partners in India while strengthening India-UAE economic ties. Our focus will continue to be on providing reliable and personalized insurance solutions and maintaining operational stability in a rapidly changing market as we expand our global presence.”
ADNIC Group provides insurance and reinsurance services worldwide. The group currently has offices in the UAE, Saudi Arabia and the United Kingdom, and the India branch will further expand its international network.
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