Insurance House
Insurance House is an Abu Dhabi insurer listed on the Abu Dhabi Securities Exchange, with Finance House as its main shareholder. It sells Pleasure Yachts cover for boats, yachts and recreational craft, and a jet ski policy that includes third-party liability.
Insurance House's accounts for the three months to 31 March 2026 say accumulated losses of AED 132.7 million have left it below the Central Bank's required solvency ratio, and its auditor drew attention to a material uncertainty about whether it can continue as a going concern. The company says the Central Bank approved its recovery plan, which includes a AED 100 million guarantee from Finance House and a AED 25 million capital increase.3
Insurance House boat and yacht insurance
Insurance House's Pleasure Yachts cover is for pleasure and recreational craft, boats and yachts. It covers damage to the hull from perils such as fire, piracy and other sea perils, and liability for collision. Its jet ski policy is comprehensive and includes third-party liability.
| Product | Type | What it is |
|---|---|---|
| Pleasure Yachts | Yacht, boat and recreational craft | Loss of or damage to the hull from perils such as fire, piracy and other sea perils, and liability for collision, with indemnity cover.4 |
| Jet Ski Insurance | Jet ski | A comprehensive policy including third-party liability, for damage to the jet ski or to property caused by an accident. Listed among discounted offers for Golden Visa holders.5 |
| Cover | With this insurer | Details |
|---|---|---|
| Hull damage | Included | From perils such as fire, piracy and other sea perils.4 |
| Collision liability | Included | Listed with the Pleasure Yachts cover.4 |
| Jet ski third-party liability | Included | Part of the comprehensive jet ski policy.5 |
Check before you buy
- Insurance House publishes no Pleasure Yachts wording on its site. Ask for the wording, the navigation limits and the excess before you buy.4
About Insurance House
- Legal name
- Insurance House
- Type
- Public joint stock insurance company1
- Owner
- A listed company. Finance House P.J.S.C. is its principal shareholder.3
- Listed on
- Abu Dhabi Securities Exchange, symbol IH1
- Headquarters
- Orjowan Building, Zayed 1st Street, Khalidiya, Abu Dhabi6
- UAE branches
- Head office in Abu Dhabi, with offices in Dubai and Sharjah6
- Also sells
- Motor, Property, Engineering, Marine cargo, Personal accident, Household, Travel, Health6
- Central Bank
- Listed in the Central Bank of the UAE register, September 2026, number 892
Financial strength
AM Best withdrew its ratings in September 2023 at the company's request. Accumulated losses were 117% of share capital at 31 March 2026.
| Agency | Grade | Covers | Date |
|---|---|---|---|
| AM Best | Withdrawn, after a downgrade to C from C++7 | UAE company | 22 Sept 2023 |
| Period | Premiums | Profit | Assets |
|---|---|---|---|
| Q1 20263 | AED 5m |
Recent news
- AM Best downgrades and withdraws its ratings
AM Best cut the financial strength rating to C from C++ and withdrew it at the company's request. It said that after restating its 2022 accounts the company was in breach of the Central Bank's minimum capital requirements.7
Contact Insurance House
- Phone600 511112
- Head officeOrjowan Building, Zayed 1st Street, Khalidiya Area, P.O. Box 129921, Abu Dhabi
Branches (3)
| Branch | Address | Phone |
|---|---|---|
| Dubai | Al Kuthban Building, near Noor metro station, Sheikh Zayed Road, P.O. Box 117474, Dubai | 600 511112 |
| Sharjah | Al Khan Corniche Street, P.O. Box 6099, Sharjah | 600 511112 |
| ADNOC Vehicle Inspection Center | Muroor Road, P.O. Box 129921, Abu Dhabi | 600 511112 |
Common questions
Is Insurance House financially strong?
Its accounts to 31 March 2026 say it is below the Central Bank's required solvency ratio and that there is a material uncertainty about its ability to continue as a going concern. It reported a profit of AED 5.1 million for that quarter and has a recovery plan approved by the Central Bank. Read its latest accounts before you buy.3
Does Insurance House insure jet skis?
Yes. Its offers page lists a comprehensive jet ski policy that includes third-party liability, with discounts for Golden Visa holders.5
Sources
7
1Insurance House, Our Company. Last checked 12 Nov 2026. Source document: Our Company
2Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
3Insurance House, Reports and condensed interim financial statements for the three months ended 31 March 2026 (unaudited). Last checked 12 Nov 2026. Source document: Reports and condensed interim financial statements for the three months ended 31 March 2026 (unaudited)
4Insurance House, Pleasure Yachts. Last checked 12 Nov 2026. Source document: Pleasure Yachts
5Insurance House, Insurance House Offers. Last checked 12 Nov 2026. Source document: Insurance House Offers
6Insurance House, Contact Us. Last checked 12 Nov 2026. Source document: Contact Us
7AM Best, AM Best Downgrades and Withdraws Credit Ratings of Insurance House; Maintains Under Review With Negative Implications Status, Dated 22 September 2023. Last checked 12 Nov 2026. Source document: AM Best Downgrades and Withdraws Credit Ratings of Insurance House; Maintains Under Review With Negative Implications Status
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 10 Feb 2027
- Status
- Published