TO BE Alert to our clients’ needs by providing out-of-the-box insurance solutions through experienced and dedicated staff.
CHAIRMAN’s
STATEMENT
“
With a great sense of pleasure, pride and privilege I present to you the
Annual Report for financial year ended 31 December 2020.
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.
Despite 2020 being a game-changing year for everyone due to Covid-19, Insurance House registered a Net Profit of AED 10.89 million, compared to AED 16.17 million in the previous year. Considering the upheavals endured during the course of the year, this is a resilient performance that provides a solid foundation for sustained profitable growth in the near future.
Mohammed Abdulla Jumaa Alqubaisi
MISSION
STATEMENT
VISION
STATEMENT
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
-
Mr. Mohammed
Abdulla Jumaa Alqubaisi Chairman -
Ms. Alia Abdulla
Al Mazrouei Vice Chairman -
Mr. Khaled
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 -
Mr. T.K
Raman Board Member -
Mr. Mohammed
Othman Chief Executive Officer
STATEMENT OF FINANCIAL POSITION
Despite 2020 being a game-changing year for everyone due to Covid-19, Insurance House registered a Net Profit of AED 10.89 million, compared to AED 16.17 million in the previous year. Considering the upheavals endured during the course of the year, this is a resilient performance that provides a solid foundation for sustained profitable growth in the near future.
NOTES TO
FINANCIAL
STATEMENTS
Insurance House P.S.C 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 Muroor, Al Samha, Al Mussafah, Mahawi, Motor World, Baniyas, Dubai – Sheikh Zayed Road, Dubai – Business Bay, and Sharjah.