Company Research Report: Al Ain Ahlia Insurance Company

Company Overview

Name: Al Ain Ahlia Insurance Company (AAIC)

Mission of the Company:
To provide financial security and protection to customers through quality insurance products with a focus on providing excellent personal service, claims handling, and diligent underwriting of risks.

When was the Company Founded:
1975

Founder:
No information available.

Key People in the Company:
No information available.

Headquarters:
Abu Dhabi, United Arab Emirates

Number of Employees:
No information available.

Revenue of the Company:
No information available.

What is the Company Known For:
Al Ain Ahlia Insurance Company is a well-regarded provider of insurance and reinsurance services across the UAE. They offer a wide array of insurance products, including motor, engineering, property, marine, energy, aviation, health, and life insurance. The company is known for its strong reinsurance arrangements and innovative insurance products designed to exceed customer expectations.

Vision and Mission

Vision:
To experience increased growth and set industry standards of excellence. AAIC aims to exceed customer expectations through continuous innovation and become the nation’s first choice for insurance services.

Mission:
To provide financial security and protection to customers through quality insurance products with a focus on providing excellent personal service, claims handling, and diligent underwriting of risks.

Products

Individual Insurance Products:

1. Home Insurance:

• Description: Covers household contents, personal belongings, valuables, and building structure against accidents or unforeseen events.

• Key Features:

• Building cover

• Contents cover

• Alternative accommodation cover

• Owners & occupiers liability cover

• Tenants liability cover

• Workmen compensation against domestic workers

2. Motor Insurance:

• Description: Comprehensive protection for vehicles, including third-party liabilities.

• Key Features:

• Full Insurance Comprehensive

• Third Party Liability Property Damages (AED 2,000,000)

• Off-road assistance

• Optional car replacement benefit

• Emergency Road Side Assistance

3. Travel Insurance:

• Description: Covers risks associated with business or leisure travel.

• Key Features:

• Emergency medical expenses

• Repatriation expenses

• Trip cancellation or curtailment

• Delayed departure or baggage

• Personal accident and liability

4. Boat Insurance:

• Description: Covers physical loss or damage to boats and equipment.

• Key Features:

• Hull & Machineries of the boat

• Third-party Liability Cover

• Uninsured boater coverage

• Personal accident coverage

5. School & Family Care Package:

• Description: Innovative plan for school fees and family care in times of loss.

• Key Features:

• School tuition fees

• Fly in family members

• Psychological counseling for children

• Home help

• Personal accident cover for children and parents

Corporate Insurance Products:

1. Group Medical Insurance:

• Description: Tailor-made medical insurance plans for SMEs and corporates.

• Key Features:

• Emergency, In-patient, and Outpatient Care

• Optional coverages for Dental, Optical, Wellness, Alternative Medicines

2. Group Life and Personal Accident Insurance:

• Description: Protection for employees and families against death or disability.

• Key Features:

• Terminal/Critical Illness cover

• Disability coverage (permanent/partial/temporary)

• Medical expenses and repatriation benefits

3. Property Insurance:

• Description: Broad material damage and business interruption coverage.

• Key Features:

• Physical damage and business interruption coverage

• Coverage for stock, plant, machinery, buildings

4. Liability Insurance:

• Description: Indemnifies against legal liabilities to third parties.

• Key Features:

• Public liability

• Products liability

5. Marine Insurance:

• Description: Insures various marine and aviation risks.

• Key Features:

• Marine Cargo Insurance

• Marine Hull Insurance

• Marine Liabilities

6. Aviation Insurance:

• Description: Coverage for airlines and businesses operating aircraft.

• Key Features:

• Hull Insurance

• Liabilities Insurance

• Aircraft Spares

7. Energy (Oil & Gas) Insurance:

• Description: Comprehensive coverage for the oil and gas industry.

• Key Features:

• Construction All Risks

• Property Damage, Business Interruption, Control of Well insurance

8. Engineering and Construction Insurance:

• Description: Comprehensive coverage for projects from construction to completion.

• Key Features:

• Contractors All Risks (CAR)

• Machinery Breakdown

• Electronic Equipment Insurance

Miscellaneous Insurance:

• Professional Indemnity Insurance

• Directors’ and Officers’ Liability Insurance

• Fidelity Guarantee Insurance

• Fire and Allied Perils Insurance

• Sabotage, Terrorism Insurance

• Money/Cash in Transit Insurance

• Workmen’s Compensation Insurance

• Products Liability Insurance

Recent Developments

What are the Recent Developments in the Company:
No information available.

What are the New Products Launched:

• School & Family Care Package

What are the New Features Added to Existing Products:
No information available.

Any New Partnerships:
No information available.

This detailed company research report provides a comprehensive overview of Al Ain Ahlia Insurance Company, highlighting the company's extensive product offerings and its commitment to providing tailored insurance solutions to meet customer needs.