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Alliance Insurance P.S.C. (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Alliance Insurance P.S.C. Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Alliance Insurance PSC, formerly Credit and Commerce Insurance Company, is a United Arab Emirates-based company established in 1975. The Company provides all classes of life and general insurance services. Its general insurance products include fire, motor, marine and aviation, engineering, liability and miscellaneous accident insurance. Its life insurance products cover individual life insurance, group life insurance, personal accident insurance and health insurance for corporate institutions and individuals. Additionally it offers online personal accident plan services and travel insurance. The Company operates through a network of eight branches across the United Arab Emirates.

Headquarters
2Nd And 3Rd Floors Of The Elegant Warba Centre In Deira, P.O Box 5501
Dubai; Northern Emirates;

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Website: http://www.alliance-uae.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1975
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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25%
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20%
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14.582%
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7.5%
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5.213%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-49.38%
Operating profit (EBIT)
-51.26%
Net Profit (Loss) for the Period
-22.01%
Total assets
3.75%
Investments
2.22%
Total equity
3.35%
Net Premiums Earned Trend
-41.14%
Net Profit Trend
N/A
Return on Equity (ROE)
-1.13%
Loss Ratio
-63.84%
Underwriting Expenses Ratio
3.04%

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