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To be a leading national force in the insurance industry, combining professional resources and skills with customer focus to deliver profitable growth.
Emirates Insurance strives to deliver the best-in-class customer service and attractive shareholders return. Emirates Insurance aspires to be the leading force in the insurance industry. Leadership combines professional skills, capital strength, and customer focus to generate economic profit growth.
Emirates Insurance is committed to providing sustainable growth for its shareholders, and therefore allocates capital and other resources by assessing each business opportunity in both risk adjusted and cost-adjusted terms. Profitable growth also requires disciplined management of the insurance cycle based on a combination of scale, diversification and sound underwriting principles. The focus on economic profit secures the quality of the EIC’s earnings and makes Emirates Insurance strong, dependable partner for clients.
In addition to its scale, EIC applies a wide range of tools to reduce investments volatility, including limiting downside exposure while capturing attractive risk-adjusted returns on assets. By addressing potential sources of volatility on both sides of balance sheet, Emirates Insurance aims to deliver sustainable earnings to shareholders.
The changing risk landscape and the fast paced expansion of the UAE economy creates opportunities for Emirates Insurance to extend its presence into new locations within UAE and markets and develop innovative products for existing markets. As a client-driven company, Emirates Insurance focuses both on deepening relationships with Existing customers as well as on attracting new ones. The skills and resources the Company intends to develop, such as risk models and asset management, have significant commercial value for clients, bringing additional opportunities for growth through cross-selling.
The Company’s long-term success depends critically on its on ability to attract and retain the best people. Client and shareholders benefit from the innovation and responsiveness of Emirates Insurance’s results-oriented approach, which applies capabilities through cross-functional teams. In order to achieve effective risk control and disciplined underwriting, Emirates Insurance has separated also responsibility for client service, underwriting, reserving, and reporting, allowing market-leading transparency and best in class service, as well as attractive, sustainable returns for shareholders.
EIC International was formed in 2012to enable EIC to underwrite a cross border book of business that complements our existing retail domestic business. Starting with offering facultative capacity to the Afro Asian energy and marine markets and eventually extending to other classes of non-marine reinsurance products.
Emirates Insurance’s dedicated focus enables the EIC to utilize its expertise to develop effective solutions for our clients. The customer service initiative is the primary driver for our delivering of best in class customer service.
Emirates Insurances underwriting and investment management, combined with organizational excellence to provide the necessary tools for delivering attractive shareholder returns.
Emirates Insurance’s Enterprise Risk Management shall facilitate the creation of sustainable competitive advantage, optimize the cost of managing risk and help management improve business performance. The Risk Appetite for both insurance and investments activities are monitored, adjusted and updated on a continuous basis.
Expand the current disaster recovery program to deal with any realistic disaster scenario which might place the business at risk.