Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Oman Insurance Reports a Net Profit of AED 160.2 Million in the Third Quarter of 2020, Reached its Highest Level of Customer Satisfaction at 88%
 

Dubai, November 30, 2020: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced double-digit growth in Net Profit at AED 160.2 million in the third quarter of 2020, while having its solvency above 250% which is amongst the highest in the country. In addition, the company reported a customer satisfaction index of 88%, two points above 2019 average.

Jean-Louis Laurent Josi, Chief Executive Officer at Oman Insurance, said, “Despite a challenging environment, all our key indicators are going in the right direction, thanks to the hard work of the teams. But we are particularly proud to see our customer satisfaction going continuously up. After 45 years of protecting individual clients and companies, we continue to innovate to make their life simpler. Now, over 830,000 customers trust us to deliver smooth and fast service when they need it most.” 


Total Gross Premium Written (GPW) at the end of Q3 2020 stood at AED 2.9 billion, higher than the prior year (AED 2.8 billion in Q3 2019), whilst the company’s Net Premium Earned (NPE) remained the same as last year at AED 1.2 billion in Q3 2020 and the highest in UAE market.


Reflecting on its mission to be the reference in terms of customer satisfaction, earlier this year, the company successfully launched several projects including a new cloud-hosted corporate website, a Straight Through Process motor insurance sales portal and a fully digitalized motor claims system. In addition, Oman Insurance Company was named UAE’s Best Health and Motor Insurer at the 2020 Global Business Outlook Awards, which recognizes and rewards excellence in business all over the globe, both in the public and private sector.


Posted by : Dubai PR Network Editorial Team
Viewed 3233 times
PR Category : Banking & Investments
Posted on : Monday, November 30, 2020  12:46:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Equity Trends in 2020 and What to Expect Next Year
Next Story : ENBD REIT Announces H1 NAV of USD 198 Million (USD 0.79 per ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier Salutes the Spirit of Valentine's Day with Tonda Reine de Mai [7372-Views]
AIGNER Haute Couture Jewellery Collection CHIARA [4838-Views]
Add Extra Sparkle to Your Holidays With Make Up for Ever's 2020 Holiday Collection [4547-Views]
Cisco Reveals the Top 6 Tech Trends for 2021 and Beyond [4502-Views]
Liverpool Legend Ian Rush visits Dubai Sports Council, Discusses Starting Projects in Duba... [3206-Views]
Discover the Ingredients [3169-Views]
Samsung Introduces Latest Innovations for a Better Normal at CES 2021 [3046-Views]
Canon Recognizes 3 Leading Photographers from the UAE, KSA & Jordan for their Ambassador P... [2944-Views]
A Warm Summer Rain in Winter: The New Head Shower GROHE Tempesta 250 [2767-Views]
The Ideal 2021 Shoedrobe - Steve Madden [2759-Views]
Roma Proves the Pace of the Hunter to Go 5th Overall, as Loeb Suffers Suspension Damage [2726-Views]
The University of Queensland wins Ericsson Innovation Awards 2020 [2702-Views]
Schneider Electric Unveils New Sustainable Energy Products at CES 2021 [2669-Views]
What's your Colour Code? [2567-Views]
Moonwatch now Master Chronometer Certified [2460-Views]
Dubai Customs: Exceptional Achievements in 2020 Despite Coronavirus Challenges [2435-Views]
Rashid Hospital Doctors Perform Special Implant Procedure for an Epilepsy Patient. [2366-Views]
Bridgestone To Debut Virtual City of the Future, Showcase Mobility Solutions at CES 2021 [2329-Views]
ADU's College of Health Sciences Enters Strategic Partnership with Mubadala Healthcare's N... [2312-Views]
Dubai Municipality Launches Qoot Service for Food Sample Testing [2276-Views]
INFINITI of Arabian Automobiles Launches Limited Time Offer on the QX80 2021 [2152-Views]
Abu Dhabi Motors Gears Up for 2021 [2062-Views]
World Gold Council ETF 2020 Report and Gold Outlook 2021 [2038-Views]
Kia Unveils New Logo and Global Brand Slogan to Ignite Its Bold Transformation for the Fut... [1964-Views]
Western Digital Delivers Unmatched Line Up of High-capacity Portable SSDS Across Its Renow... [1935-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories