Emirates Insurance Company P.J.S.C. engages in writing general insurance and reinsurance in the United Arab Emirates, the United States, and Europe. The company operates through Underwriting of General Insurance Business and Investments segments. It offers property insurance products, such as fire and allied perils, property all risk, business interruption, householders comprehensive, political violence, and terrorism and sabotage insurance products; and engineering insurance products, such as contractors’ all risks/erection all risks, contractors’ plant and equipment, machinery breakdown, and electronic equipment insurance products, as well as insurance for deterioration of stock. The company also provides employee benefit insurance products comprising group life, medical, and personal accident insurance products, as well as workmen’s compensation/employers liability insurance products; motor insurance products; and financial insurance products consisting of fidelity guarantee, money, and bankers blanket bond insurance products. In addition, it offers liability insurance products, such as general third-party/public/comprehensive general, and products and professional liability insurance products; and package insurance products, including hotel comprehensive/block, jewelers’ block, and office comprehensive insurance products; marine cargo and hull, and aviation insurance products; and insurance for energy-related oil and gas risks, as well as home, healthcare, and yacht and pleasure craft insurance products. Further, the company provides energy, property and engineering facultative, and non-marine treaty reinsurance products. Additionally, it invests in marketable equity securities and investment funds, bonds, term deposits, and other securities. The company was incorporated in 1982 and is based in Abu Dhabi, the United Arab Emirates.
Emirati Market Performance
7D7 Days: -0.6%
3M3 Months: 7.8%
1Y1 Year: 22.3%
YTDYear to Date: 8.7%
In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 3.4%. More promisingly, the market is up 18% over the past year. As for the next few years, earnings are expected to grow by 6.7% per annum. Market details ›
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