Property Insurance

The cover provided under the policy is usually granted after a satisfactory Risk Inspection...

More [+]

Marine Insurance

We have a well-diversified marine portfolio serviced by a customer-focused team of professionals....

More [+]

Motor Insurance

We are proud to present 'Motorplus'. A most attractive motor insurance package...

More [+]

Medical Insurance

Orient Medical Insurance Division has more than 15 years of experience in providing quality health care coverage...

More [+]

 

S & P Affirms “A” Rating of Orient Insurance PJSC; Outlook Stable

 

On May 15, 2018, S&P Global Ratings affirmed its 'A' long-term issuer credit and insurer financial strength ratings on UAE-based insurer Orient Insurance PJSC (Orient). The outlook is stable.

Excerpts from the report

“The affirmation reflects our view of ongoing operating outperformance versus peers and sustained capital adequacy at current levels. In 2017, Orient became the largest UAE insurer out of 29 listed companies, having posted GPW of AED 4,027 million (2016: AED2,673 million).

Despite the growth recorded in 2017, Orient continues to maintain its capital adequacy in excess of our 'AAA' benchmark, as measured using our risk-based model.

The continued strength of capital was supported by Orient's operating performance, which continues to materially outperform that of its peers.”

Full press release attached.

 


back
 

 

  What is Insurable Interest?
 

Insurable Interest is the interest in property such that loss or destruction of the property could cause a financial loss. Insurance interest also exists where an omission or negligence or an accident at one's place that brings about suffering or damage to a third party that can be assessed in monetary terms. There cannot be insurance without an insurable interest.

  More [+]    
 
Registered under Federal Law No. (6) of 2007,Certificate No.14 dated 29th Dec 1984,Comm. Regn. 51814