National Health Insurance Company – Daman — Cyborg Score 8/10
Strong
Health insurance
Strategic Profile
Daman is part of PureHealth, the UAE's largest integrated healthcare platform, which includes hospitals, laboratories, clinics, pharmacies, healthcare technology companies, and insurance services. In May 2025, Daman adopted its new legal name to reflect its expansion beyond health insurance into broader offerings, starting with Property and Casualty (P&C) Insurance, following earlier diversification with the launch of the Daman Gratuity and Employee Benefits (GEB) Trust in 2024.
Cyborg Score Rationale
Daman plays a central role in both government-mandated health insurance schemes and private sector medical coverage, particularly in Abu Dhabi. With over 3 million members and integrated ownership within PureHealth, Daman enjoys regulatory entrenchment and scale advantages, though private ownership limits visibility into financial performance.
Top Insights
Daman is majority-owned by the Abu Dhabi government with 2.4 million subscribers as of April 2026.
Annual revenue was $612.2 million in 2026.
Daman operates as a specialist health insurer, focusing exclusively on medical insurance products rather than general insurance lines.
The 2026 premium hike of 11.5% applies to most renewal cycles starting in 2026.
Named Competitors
ADNIC Health Insurance — Strong corporate group health insurance coverage
Sukoon Insurance — Broad presence across Dubai and Northern Emirates
AXA Gulf Health — International portability and family coverage
MetLife UAE Health — Executive health insurance with bilingual support
Cigna Middle East — International coverage with full overseas portability
Recent Developments
(May 2025) Adopted new legal name to reflect expansion into Property and Casualty insurance
(2024) Launched Daman Gratuity and Employee Benefits Trust for end-of-service benefit programs
(April 2026) Confirmed 11.5% premium increase across all emirates
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