1 2014 Al Wathba National Insurance Company C o r p o r a t e P r o f i l e
2 A B O U T A W N I C Al Wathba National Insurance Company P.S.J.C. (AWNIC) is a U.A.E. National Company incorporated in 1997 registered with its Head Office in Abu Dhabi has a well spread service network though its branches in Dubai, Sharjah and Al Ain. AWNIC s focus is customer satisfaction through its vision of reinforcing its position in the UAE market as a major player and establishing itself as The Company of Choice through a proactive approach towards the delivery of quality products and services. AWNIC is a quality conscious organization with a systematic approach in delivering innovative quality products and services, it underwrites all types of general insurance products and is highly regarded as one of the most preferred insurers in the UAE market offering a wide array of covers for various classes of risks under one umbrella.
3 O U R V I S I O N Our vision is to reinforce the company s position in the UAE market as a major player and to establish ourselves as The Company of Choice OUR FOCUS: Long Term Growth with Profitability Complete Product Range Unique Service Innovative Product Range Prudent Underwriting Security Image of the Company Ideal Work Environs
4 O U R A T T R I B U T E S 1. A professional management team supported by qualified & experienced technical staff with the aim of ensuring the delivery of quality standard of service to clients. 2. Innovative ideas on risk management solutions and adaptability to changes & challenges of global market. 3. Consortium of internationally reputed reinsurers. 4. Best value to customers in terms of protection, service and security. 5. Pro-active approach to continuous improvement in deliverables.
5 C O R P O R A T E S O L U T I O N S AWNIC offers Risk Management Solutions through careful risk analysis, identification, and reduction via transfer techniques under its Corporate Solutions Program with a view to provide an optimal insurance solution best suited to clients of all types. Our Corporate Solutions is well defined with objectives and mechanisms focused on Customer Service. We are committed to providing our customers with distinct personalized quality service. The objective is to design and provide an insurance program best suited to the customer s needs with value addition and flexibility to cater to future changes and challenges for the growth of the organization and to provide optimal cost/benefit and ease of administration.
6 C O R P O R A T E S O L U T I O N S M O D U L E Step 1. Examining / Understanding Your Operations Step 2. Evaluating Existing Insurance Setup Step 3. Determining the Insurance Requirements Step 4. Formulating Proper and Optimal Insurance Protection Step 5. Servicing the Account Interview Questionnaire Review Existing Insurance Identify the Gap Enhancing Existing Identify New Covers Negotiating New Covers Negotiation Prices Desktop Services Claims Management
7 F I N A N C I A L D A T A *The total profit of the company for the year 2012 had doubled up over that of the year 2011 s result, that is AED30 million and AED15 million respectively, reflecting the improvement of the company s performance in the investment field*
8 F I N A N C I A L D A T A *The net profit of the insurance business rose from AED22 million in 2011 to AED24 million in 2012 having a percentage growth of 9%*
9 F I N A N C I A L D A T A *The total premium increased from AED 325 million in 2011 to AED 384 million in 2012 with 18% growth.*
10 O U R R A T I N G S Rating: A ni (Excerpt taken from DAIR 2013) The company s financial strength rating is (A-) in The financial strength rating (A-) is based on good level of underwriting exposure, and underwriting profitability. Gross Premiums in 2012 amounted to AED 384,253,000 against AED 325,334,000 in 2011, an increase of 18%. Claims incurred for the year 2012 amounted to AED 149,093,000 against AED 129,251,000 in 2011, an increase of 15%. pp Volume 1 of th Edition DAIR
11 N E W S M A K E R Honored as One of the Outstanding Companies in Corporate Governance Compliance By the Securities and Commodities Authority (SCA) Khalidiya Palace Hotel, Abu Dhabi, UAE - 28 th February, 2011
12 B O A R D O F D I R E C T O R S H.E. Shk.. Saif Bin Mohammed Bin Butti Al Hamed Chairman Mr. Rashid Darwish Al Ketbi Vice Chairman & Managing Director Mr. Saeed Omeir Bin Yousef Board Member Dr. Amer Abdul Jaleel Al Fahim Board Member Mr. Mohammed Saeed Al Qubaisi Board Member Mr. Ahmed Ali Khalfan Al Dhahry Board Member Mr. Rasheed Ali Rasheed Naser Al Omeira Board Member Mr. Shukri Salem Al Muhairy Board Member Mr. Khalifa Saif Ahmed Saif Al Ketbi Board Member
13 R E G I O N A L A L L I A N C E In our joint effort to extend products and services beyond regional boundaries, a synergy between 3 of the Middle East s insurance giants has been formed. This alliance serves to bridge the gap between the diverse insurance markets in order to cater to various the needs and requirements of our collective client base. I R A Q UAE O M A N This stronghold of insurance entities is forged with the exceptional qualities that has developed the reputation of these companies and has made each of them renowned in each of their respective specializations and capacity in their native regions.
14 T H E G E N E R A L M A N A G E R The Management team is led by General Manager, Bassam Chilmeran, a Chartered Insurer holding a BSC Degree in Economics and Masters Degree in Business Administration. Currently, Mr. Chilmeran is serving as: 1. A member of the Technical Committee of AWRIS 2. Chairman of the Reinsurance Sub-Committee of the EIA 3. Board of Director for Vision Insurance Company, Oman 4. Board of Director and main Founder of UR International Insurance Company, Erbil, in Iraq. 5. Member of the Insurance Working Group of the Abu Dhabi Chamber of Commerce. Mr. Chilmeran has participated in seminars and conferences in many parts of the region and made a number of contributions in the area of both insurance and reinsurance.
15 T H E M A N A G E M E N T T E A M Hatem Sadiq Technical Manager Tel: Anas Mistareehi Motor Underwriting Manager Tel: Wesam Ibrahim Life & Medical Manager Tel: Jamal Ansari Business Development Manager Tel: Abhilash Cherian Finance & Admin Manager Tel: Awni Manna Investments & Shareholder Affairs Manager Tel:
16 T H E M A N A G E M E N T T E A M Lijo George IT Department Head Tel: Sahal Acharath Acting Head of Non-Motor Claims & Legal Tel: Vibhu Karkera Internal Controls In-Charge Tel: Ummair Butt E-Insurance In-Charge Tel: Unni Krishnan Head of Reinsurance Operations Tel: Dhia Al Jarrah Motor Claims In-Charge Tel:
17 T H E M A N A G E M E N T T E A M Biju T.A. Dubai Branch In Charge Tel: Muna Al Shamisi Al Ain Branch In-Charge Tel: Tariq Shanti Sharjah Branch Manager Tel: Munqeth Mansour Corporate Insurance Manager Tel: Salim Al Zaidi Executive Officer-Broker Relations Tel:
18 O U R P R O D U C T S FIRE & GENERAL ACCIDENTS Fire & Allied Perils Property All Risks Business Interruption Hotel Comprehensive Money Fidelity Guarantee Shop Keepers Home Comprehensive Liability Workmen s Compensation Liability Public Liability Liability Medical Malpractice Jewellers Block Bankers Blanket
19 O U R P R O D U C T S ENGINEERING Contractors All Risk Erection All Risk Contractor s Plant & Machinery Machinery Breakdown Machinery Loss of Profits Electronic Equipment Deterioration of Stock Boiler Insurance
20 O U R P R O D U C T S Comprehensive MOTOR Third Party Liability Partnered with Etihad Airways: Etihad Guest members will earn 1 Etihad Guest Mile for every AED 2 spent on AWNIC Motor Policies.
21 O U R P R O D U C T S MARINE & AVIATION Marine Liabilities Hull & Machinery Yacht Insurance
22 O U R P R O D U C T S OIL & ENERGY Offshore Construction Risk Onshore Construction Risk Operational Risks
23 O U R P R O D U C T S HEALTH Individual Health Plan Group Health Plan
24 O U R P R O D U C T S PERSONAL LINES Individual Personal Accident Group Personal Accident Travel Insurance Medical Insurance for UAE Visitors
25 O N L I N E I N S U R A N C E S O L U T I O N S MEDICAL INSURANCE TRAVEL INSURANCE W W W. AW N I C. C O M HOME INSURANCE YACHT INSURANCE MOTOR INSURANCE
26 N E W E S T P R O D U C T S Insurance specially designed for pets. O F F I C E G U A R D P E T S E C U R E Fully packaged office insurance solutions.
27 O U R C O R P O R A T E C L I E N T P O R T F O L I O GOVERNMENT ORGANIZATIONS Abu Dhabi National Oil Company (ADNOC) & subsidiaries Abu Dhabi Authority for Culture & Heritage (ADACH) Abu Dhabi Commercial Properties (ADCP) Abu Dhabi Co-operative Society Abu Dhabi Ports Company Emirates Telecommunications Co. (Etisalat) Emirates Driving School National Marine Dredging Company (NMDC) National Holding (and subsidiaries) UAE Finance Department SEMI-GOVERNMENT ORGANIZATIONS Delma Cooperative Society SCHOOLS UAE University Emirates National School
28 O U R C O R P O R A T E C L I E N T P O R T F O L I O ENGINEERING & CONSTRUCTION Archirodon Bushagar Ready Mix Concrete Darwish Bin Ahmed & Sons Dutch Foundation Jiangsu Nantongliu Jian Construction Company Kharafi National Pivot Engineering & General Contracting Company Target Engineering & Construction Company Gulf Precast Concrete Co. REAL ESTATE Emirates International Properties Emirates Real Estates Green Emirates Properties BANKING & FINANCE SECTOR First Gulf Bank Union National Bank
29 O U R C O R P O R A T E C L I E N T P O R T F O L I O GROUP OF COMPANIES United Al Saqer Group Ali & Sons Group Punj Lloyd Mohamed Al Qubaisi Enterprises Bin Bandouq Group of Hotels INVESTMENT Reem Investments CONTRACTING Neil General Contracting Company MANUFACTURING AND DISTRIBUTION Jotun Paints United Electronics
30 P A N E L O F R E I N S U R E R S Scor Hannover Re R + V Versicherung AG Arab Insurance Group Partner Re Gulf Re Sompo Japan Nipponkoa Re Malaysian Re Korean Re Trust Insurance & Reinsurance ACR Retakaful Echo Re Milli Re Arab Reinsurance Co
31 O U R N E T W O R K HEAD OFFICE Al Wathba National Ins. Co building Najda St. P.O Box: 45154, Abu Dhabi, UAE Tel: Fax: DUBAI BRANCH B-62 Bldg, Al Maktuom Street, Diera P.O. Box: 6807, Dubai, UAE Tel: Fax: SHARJAH BRANCH Rolla Area, Bank Street, Sara Building 5 th Floor, P.O. Box: 4131, Sharjah, UAE Tel: Fax: AL AIN BRANCH Sheikha Salama Bin Zayed Building M2 Floor Office 203 P.O. Box: 15883, Al Ain, UAE Tel: Fax: ABU DHABI TRAFFIC OFFICE Abu Dhabi Traffic Vehicle Inspection & Registration Centre Tel: Fax: MUSSAFAH STORE (MOTOR RECOVERY) Tel: Fax: MUSSAFAH LIGHT VEHICLE TRAFFIC OFFICE Mussafah Light Vehicle Inspection Centre Office 1 Telefax: Office 2 Tel: Fax: MUSSAFAH HEAVY VEHICLE TRAFFIC OFFICE Mussafah Light Vehicle Inspection Centre Tel: BANIYAS TRAFFIC OFFICE ADNOC Station-Al Salama Centre Street No. 4, behind Al Manara Private School Tel: Fax: BEDA ZAYED TRAFFIC OFFICE Beda Zayed Industrial Area Abu Dhabi, UAE Tel: AL AIN TRAFFIC OFFICE Al Ain Traffic Tel: Fax: E-INSURANCE BRANCH Tel:
32 We hope to have the opportunity to further discuss and present how our products and services can best fit your insurance requirements, and look forward to meeting with you soon.
We re Stronger Together VIEW FROM AIG - LONDON 8:00 PM VIEW FROM AIG - LONDON 8:00 AM To help you get the most from our outstanding range of products and services, this presentation highlights the headlines,
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