Dubai is positioned as an important regional and global financial center, home to local and international businesses. In line with the success of the city and the strong UAE economy, the insurance sector witnessed a remarkable growth in the recent years. Within the span of 2 decades, Alsagr Insurance & Reinsurance has several milestones in connection to the insurance sector, Industry Awards, Corporate Social Responsibility (CSR) initiatives, to name a few. I hope that this year will also be a thriving period for the Company. Our performance is also a result of our diligent planning process. Portfolio consolidation, budgetary control, business optimization and employee motivation include our broader objectives. Hope this objective contributes the industry and the nation at large.
Despite the several challenges, The Management and the Board of Directors (BOD) of the Company shall carry out reformative steps meeting the regulatory and corporate governances’ obligations. The Company aims to re-establish its landmark with further product and services innovation, customer care with the advancement in competencies of the employees. We shall also be attracting and developing the technical skills of the young generation through training and internships.
Going forward, the effort of the Board of Directors and the Management shall continue to stress the diversification of the Company activities. The hard work, support and dedication of our employees, and business associates resulted in a direct reflection of our quality performance.
Our success lies in our diversity, which contributes immensely to the growth of the company. Alsagr Insurance & Reinsurance is among the pioneers of the UAE Insurance Industry and was established in 1986 with a corporate objective to achieve maximum sustainable growth that will produce consistent profitability based on a mixed, yet balanced portfolio of risks coupled with excellent reinsurance security. This fundamental philosophy has steered the growth of Alsagr Insurance & Reinsurance in the subsequent years, thereby gaining an excellent reputation for service and integrity.
The key factor behind our success is undoubtedly the loyalty of our valued customers, the commitment and competence of Alsagr Insurance & Reinsurance management along with excellent business relations with our Reinsurers, Brokers and other intermediaries.
Through our website we offer our customer’s best in class customized insurance products and services that answer various personal and corporate needs at competitive rates. We are also proposing new channels of communications and online services to enhance customer experience.
Sincerely,
Ali Bin Ali Hussein
Chairman/CEO Alsagr Insurance & Reinsurance
