Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. Net profit increased from Dhs.192 Million in 2010 to Dhs 204 Million in 2011. The company recorded the highest net profit among the local insurance companies in the UAE for two years in a row, 2010 and 2011 . The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of Dhs. 405,000,000 which is significantly higher than most of the players in the market. With head office in Dubai, the company serves its clientele through an extensive branch network in Bur Dubai, Deira, Dubai Health Care City, Sheikh Zayed Road, Jebel Ali, Abu Dhabi, Al Ain, Mussafah, Sharjah, Ras Al Khaimah and Muscat, Sultanate of Oman.
The Company is also accredited with ISO 9001 Quality Management Certification.
The Company is actively involved in major landmark projects in the UAE, thus strongly contributing to the Country's economy.
Orient Insurance Company is a customer oriented insurer with over 30 years of experience in the UAE insurance market. The Company fully understands the customers' needs and is geared to provide innovative risk solutions to their entire satisfaction.
The Company's core strengths lie in its strong financial base, highly qualified and customer friendly workforce, in-depth knowledge of the local insurance market and a diversified product range complimented by a strong panel of top ranking European Reinsurers.
Our comprehensive product range includes both:
- Personal Line Insurances
- Commercial Line Insurances
Our product range in general includes classes of insurance such as Fire, Property All Risks, Business Interruption, Motor Vehicles, Cargo, Marine Hull, Goods-in-Transit, Yacht and Pleasure Craft, Burglary, Workmen's Compensation, Employer's Liability, Fidelity Guarantee, Householder's Comprehensive, Travel, Contractors’ All Risks, Erection All Risks, Machinery Insurance, Energy, Life (Group & Individual) and Medical Expenses.
Apart from the traditional insurance covers, we also offer several innovative covers such as:
- Motor Plus, a truly comprehensive motor cover with many additions and extensions
- Gold Plus, a modified version of Jewellers Block Insurance, tailored for gold merchants and manufacturers
- Contingency / Cancellation Cover for events and functions
- Professional Indemnity Cover for Engineers and Consultants (Construction)
- Medical Malpractice Cover for Doctors, Clinics, Hospitals etc.
- Hotel Plus, a multiline umbrella protection for hoteliers
- Life Insurance Plus for individuals, with a novel feature of 50% refund of the premium in the event of the Life Assured surviving the term
- Credit Shield insurance for Credit Card holders of financial institution
- Credit Life for Bank Borrowers
- Bid Bond / Performance Bond Insurance for Contractors / Consultants
- Freehold Property Insurance Bouquet for property owners - the ring of protection for assets and lives.
For all the above covers we are geared to offer suitable speedy solutions.
- To render a streamlined professionally competent insurance service of the highest standard
- To process claims fairly and expeditiously
- To follow responsible underwriting policies with long-term profitability in view
- To diversify our product range, adding new policies and covers to answer the special needs of market segments
- To project Orient as a market leader with a reputation for professionalism in meeting the insurance requirements of our clients
Orient Insurance Company has secured two ratings ‘A Excellent’ by A M Best and ‘A’ by Standard & Poor’s. These rating are not only the highest in the UAE insurance market but we are the only company in the Middle East that carries such a high combined rating.