ADNIC’s India Move: A New Chapter in UAE-India Financial Ties

Image Source: Premier Insurance Brokers

Abu Dhabi National Insurance Company (ADNIC) has received board approval to establish its first branch in India, an achievement in its international expansion drive. It is part of ADNIC's bid to access India's rapidly changing insurance market as well as foster bilateral financial cooperation.

Key. Points in the Judgment

The board of directors approved the India office proposal on July 7, 2025, following the review of expansion opportunities in regions.
The new office will offer ADNIC's core insurance products, including motor, health, and commercial lines, tailored to suit Indian regulatory conditions
ADNIC will leverage its online claims platform and customercentric service model to achieve a position of differentiation in India's highly competitive insurance market

Strategic Thinking and Market Potential

Insurance penetration in India is less than 5%, a huge opportunity for international players that have good underwriting and risk management skills
ADNIC's expansion is consistent with the UAEIndia CEPA framework, which promotes crossborder financial services and investment flows
The company will collaborate with Indian brokers and fintechs to localize products and set up penetration in Tier 1 and Tier 2 towns

Operational Roadmap and Regulatory Path

ADNIC will engage in licensing procedures with the Insurance Regulatory and Development Authority of India (IRDAI)
The operation of the division is anticipated to be in mid2026, pending approvals and infrastructure preparedness
It will be staffed initially with UAEtrained staff and local talent to adapt and fit into culture

Sources: Official ADNIC website, Economic Times, IRDAI filings, Gulf News.