UAE: Aman lays out new 3-year growth plan

Source: Middle East Insurance Review | Jan 2021

The board of directors of Dubai Islamic Insurance & Reinsurance Company (Aman) have given the nod to a new three-year growth plan.

The plan sets out an ambitious strategy to boost Aman’s financial performance through a twin focus on operational expansion and enhanced investment performance, according to a company statement.

Operationally, Aman will seek to expand its network of partners and secure new business and customers, underpinned by its continued emphasis on providing the right services and support to all stakeholders. This will go hand in hand with the board’s plan to optimise its investment portfolio in order to achieve returns for both its policyholders and shareholders.

For the first nine months of 2020, the company reported a 14% increase in net profit attributable to shareholders to AED9.95m ($2.7m), compared with the corresponding period in 2019. The increase was achieved despite an 11% decline in gross takaful contributions to AED173.2m. M

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