Property Insurance

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

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Marine Insurance

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

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Motor Insurance

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

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Medical Insurance

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

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A.M. Best Revises Issuer Credit Rating Outlook to Positive for Orient Insurance PJSC

 

A.M. Best has upgraded the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” of Orient Insurance PJSC (Orient) (United Arab Emirates). The outlook for the FSR remains stable.

Excerpts from the report

"The Credit Ratings (ratings) reflect Orient’s balance sheet strength, which A.M. Best categorises as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The revised Long-Term ICR outlook reflects the track record of consistently outperforming the market’s operating performance, which has been largely free of material fluctuations despite severe competition in the UAE market".

Full press release attached.


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  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.

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