TO BE Alert to our clients’ needs by providing out-of-the-box insurance solutions through experienced and dedicated staff.
pride and privilege I present to you the
Annual Report for financial year ended 31 December 2021.
First and foremost, I would like to thank our founders, shareholders and all Insurance House staff who helped further develop and grow Insurance House into the enterprise it is today, one that is focused on exceeding customers’ expectations and maximizing shareholders’ wealth.
For the year ended 31 December 2021, IH has registered a Total Comprehensive Income of AED 18.87 million compared to AED 9.92 million in the previous year. This is a remarkable performance that provides a solid foundation for sustained profitable growth in the near future.
Mohammed Abdulla Jumaa Alqubaisi
insurance house aspires to be a leader in its domain by providing superior insurance solutions to its clients in the UAE market.
BOARD OF DIRECTORS
Abdulla Jumaa Alqubaisi Chairman
Ms. Alia Abdulla
Al Mazrouei Vice Chairman
Abdulla Alqubaisi Board Member
Mr. Abdulmajeed Ismail
Ali Abdulrahim Alfahim Board Member
Mr. Abdul Hamid
Umer Taylor Board Member
Mr. Murtadha Mohamed
Sharif Alhashmi Board Member
Raman Board Member
Othman Associate Director & Head of Senior Management Committee
STATEMENT OF FINANCIAL POSITION
Insurance House P.J.S.C. (IH) has registered a Total Comprehensive Income of AED 18.87 million in 2021 compared to AED 9.92 million in the previous year. This is a remarkable performance that provides a solid foundation for sustained profitable growth in the near future.
NET PROFITS/LOSS (AED Millions)
NET UNDERWRITING INCOME (AED Millions)
Insurance House P.J.S.C. (the “Company”) is a Public Joint – Stock company registered and incorporated in the Emirate of Abu Dhabi, United Arab Emirates and is engaged in providing all classes of non-life insurance solutions in accordance with UAE Federal Law No 6 of 2007. The Company was established on 8 December 2010 and commenced its operations on 10 April 2011. The Company performs its activities through its head office in Abu Dhabi and branches located in Al Samha, Al Mussafah, Mahawi, Motor World, Bani Yas, Dubai – Sheikh Zayed Road, Dubai – Business Bay, and Sharjah.
The Company’s ordinary shares are listed on the Abu Dhabi Securities Exchange.
The registered office of the Company is P.O. Box 129921 Abu Dhabi, United Arab Emirates.
The range of products and services offered by the company include but not limited to accidents and civil responsibility insurance, land, marine and air transportation, dangers insurance, health insurance, onshore and offshore oil and gas fields and facilities services.