Need help?

Casualty Insurance Company Investment Opportunity in Abu Dhabi, UAE

Insurtech platform backed with an insurance brokerage firm Integrated with government systems and insurance companies.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 11.2 million
Run Rate Sales USD 16.3 million
EBITDA Margin 10 - 20 %
Industries Casualty Insurance + 1 more
Locations  Abu Dhabi
Local Time 3:41 PM Asia / Dubai
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 2.7 million for 75.0% stake (Native Currency: AED 10,000,000)
Reason: Growth and expansion. We are seeking external funding for aggressive expansion across the UAE and t... View More
Includes physical assets worth USD 3.54 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Theme
Business Overview
- Dual channel insurance broke firm offering both online and offline services.
- Leading the insurtech industry in Abu Dhabi by introducing AI powered platform and automated insurance journey.
- Individual client base surpassing 21k, along with a corporate client base exceeding 100.
- As intermediaries, our revenue is derived from the gross amount paid to risk carriers.
- Revenue in generated from different sources like online platform serving retail clients, and offline operations serving corporate clients.
- Established business relationships with 30+ insurance companies in the UAE market.
- Signed MOUs and affiliate programs with numerous government, semi-government, and private entities.
- Registered with the UAE Ministry of Economy, Ministry of Health, and Central Bank of the UAE.
- Founder brings 20 years of valuable industry experience.
- Company began operations in the last quarter of last year, and hence the huge growth in sales this year.
Products & Services Overview
Individual insurance solutions: car, medical, travel, and more all are automated through one platform.
In addition to all Corporate insurance solutions like property, group medical, casualty, liability and more through team of industry experts.
Assets Overview
License value, bank guarantees, platform, office assets, guarantee and operations.
These assets are worth AED 14 million but are being offered at a discounted valuation of AED 13 million in this transaction.
Facilities Overview
One floor rented at the heart of Abu Dhabi.
Sq ft area 530 sq m.
Rent per month is AED 5k.
Capitalization Overview
Self funded with no loans nor liabilities. No outstanding balance at all with all providers, books are absolutely clean and audited. Sole ownership.
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more