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Sukoon finalizes the acquisition of the Generali Life Insurance portfolio in the UAE

Sukoon finalizes the acquisition of the Generali Life Insurance portfolio in the UAE
​Sukoon has finalized the acquisition of the UAE Life insurance portfolio from Assicurazioni Generali S.p.A. The agreement, signed on February 22nd, 2022, is in line with Generali’s overall strategy to rationalize its business model in UAE by strengthening its ecosystem of partnership proposition. The transfer which covers unit-linked life insurance policies has been approved by regulators including the Central Bank of UAE and the IVASS in Italy. The migration of portfolio has been completed on the 21st of November. 

Sukoon will continue to provide policyholders with access to best-in-class insurance services and system. All policyholders have received a welcome message from Sukoon with a complementary 24/7 access to their policies and investments on our digital platform. The terms and conditions of customer’s policies remain unchanged.

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