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Generali

Assicurazioni Generali is not on the Central Bank of the UAE's September 2026 list of insurers. Its 2022 report says its Dubai branch had stopped taking new business in earlier years and sold its whole portfolio, life insurance linked to investment funds, in November 2022. Sukoon said it took over Generali's UAE life insurance portfolio that month. Trade magazine ITIJ reported in November 2021 that Munich Re had partnered with Dubai National Insurance (DNI) in its takeover of Generali Global Health's Global Choice medical plan. DNI publishes the Global Choice hospital lists on its website.

About Generali

Legal name
Assicurazioni Generali S.p.A.
Founded
1831, in Trieste, Italy10
Type
Italian insurance group. Assicurazioni Generali S.P.A was on the Central Bank of the UAE list of October 2023 as an insurance company, registration number 59.1
Listed on
Euronext Milan10
Headquarters
Trieste, Italy10

Financial strength

These grades and figures belong to the Generali group in Italy, as shown on its own ratings page on 11 November 2026. A UAE policy depends on the insurer named on the policy schedule.

Rating agency grades
AgencyGradeCoversDate
AM BestA+, Stable13Parent group
Moody'sA1, Stable13Parent group
FitchAA-, Stable13Parent group
Published results
PeriodPremiumsProfitAssetsSolvency
FY2025 (group)14EUR 98.10bnEUR 4.17bn219%

Recent news

  • Generali Employee Benefits becomes part of the Redion brand

    Generali announced Redion as the brand for Europ Assistance and Generali Employee Benefits. It said contracts, service teams and phone numbers remain unchanged.11

  • Sukoon completes the move of Generali's UAE life policies

    Sukoon said the transfer covers unit-linked life insurance policies and was approved by the Central Bank of the UAE and the Italian regulator IVASS. The agreement was signed on 22 February 2022.5

  • Dubai branch sells its whole portfolio

    Generali's 2022 report says the Dubai branch's entire portfolio of life insurance linked to investment funds, whose new business had already ceased in previous years, was sold in November to an insurer outside the group.4

  • ITIJ reports the Global Choice takeover

    ITIJ reported that Munich Re had partnered with DNI in its takeover of Generali Global Health's Global Choice plan, and that the two would keep the existing benefits and terms.7

  • DNI launches Global Choice in partnership with Generali

    Dubai National Insurance said the international health plan was backed by the expertise and support of Generali Global Health.6

Common questions

Does Generali still sell health insurance in the UAE?

Assicurazioni Generali is not among the insurers on the Central Bank of the UAE register dated September 2026. Its 2022 report says the Dubai branch had stopped taking new business in earlier years and sold its whole portfolio, life insurance linked to investment funds, in November 2022.2

What happened to Generali Global Choice medical plans?

Trade magazine ITIJ reported on 30 November 2021 that Munich Re had taken over the reinsurance of Global Choice policies in July 2021 and had partnered with Dubai National Insurance (DNI) for the takeover. ITIJ said the two companies would keep the existing benefits and terms. iPMI Magazine described it as a takeover of some of the Global Choice portfolio.7

Who do I contact about a Generali insurance medical card?

Look at the insurer named on the card. For a Global Choice plan, Dubai National Insurance publishes the Global Choice hospital lists on its website and gives the phone number 600 5 80000. If the card names another insurer, contact that insurer.9

What happened to Generali life insurance policies in the UAE?

Sukoon said it had finalised the acquisition of the UAE life insurance portfolio of Assicurazioni Generali S.p.A., and that the move of the unit-linked policies was completed on 21 November 2022.5

Is Generali still on the Central Bank of the UAE register?

The October 2023 register listed Assicurazioni Generali S.P.A as an insurance company, registration number 59. The September 2026 register has no Generali entry. Neither list gives the date the entry was removed.1

Does Generali offer group medical insurance for companies in the UAE?

Its employee benefits network for multinational employers, now called Redion Employee Benefits, lists three network partners in the UAE: Bupa Global, Dubai Insurance Company and Sukoon.12

Sources

14

1Central Bank of the UAE, CB Register Entity of October 2023. Last checked 11 Nov 2026. Source document: CB Register Entity of October 2023

2Central Bank of the UAE, CB Register September of 2026. Last checked 11 Nov 2026. Source document: CB Register September of 2026

3Dubai Health Authority, Permitted Insurers. Last checked 11 Nov 2026. Source document: Permitted Insurers

4Assicurazioni Generali, Management Report and Parent Company Financial Statements 2022. Last checked 11 Nov 2026. Source document: Management Report and Parent Company Financial Statements 2022

5Sukoon press release, published by Zawya, Sukoon finalizes the acquisition of the Generali Life Insurance portfolio in the UAE. Last checked 11 Nov 2026. Source document: Sukoon finalizes the acquisition of the Generali Life Insurance portfolio in the UAE

6Dubai National Insurance, Dubai National Insurance (DNI) Launches International Health Insurance. Last checked 11 Nov 2026. Source document: Dubai National Insurance (DNI) Launches International Health Insurance

7ITIJ, Munich Re partners with DNI for Global Health takeover. Last checked 11 Nov 2026. Source document: Munich Re partners with DNI for Global Health takeover

8iPMI Magazine, Will Bupa And DNI Now Compete In Several Countries Where Generali And Generali Employee Benefits Are Both In Business, Or Just The Middle East, Or Just The UAE?. Last checked 11 Nov 2026. Source document: Will Bupa And DNI Now Compete In Several Countries Where Generali And Generali Employee Benefits Are Both In Business, Or Just The Middle East, Or Just The UAE?

9Dubai National Insurance, Network Directory. Last checked 11 Nov 2026. Source document: Network Directory

10Assicurazioni Generali, Management Report and Parent Company Financial Statements 2024. Last checked 11 Nov 2026. Source document: Management Report and Parent Company Financial Statements 2024

11Generali Group, Generali reveals Redion. Last checked 11 Nov 2026. Source document: Generali reveals Redion

12Redion, Network Partners. Last checked 11 Nov 2026. Source document: Network Partners

13Generali Group, Ratings. Last checked 11 Nov 2026. Source document: Ratings

14Generali Group, Generali Group consolidated results as at 31 December 2025. Last checked 11 Nov 2026. Source document: Generali Group consolidated results as at 31 December 2025

Owner
Medicalinsurance.ae research team
Last review
Next review due
10 May 2027
Status
Published

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