Tuesday 09, May 2017 by William Mullally

Takaful Emarat posts Q1 results

Takaful Emarat announced its Q1 financial results for the three-month period ended 31 March 2017.

The company reported a net profit of AED 0.7 million for the period, and delivered strong growth across its core business, which was driven by the company’s on-going investment in the digitisation of its products – a key element of their growth strategy over the next three years, it said in a statement.

Wael Al-Sharif, Takaful Emarat’s Chief Executive Officer, commented, “Over the last quarter, we witnessed an increased demand for our insurance policies, which was driven by final phase of the DHA mandated health insurance. We have also witnessed steady growth over the last three years consecutively, due to our on-going investment in new and efficient ways for our customers to interact with their insurance policy handlers – be it through the introduction of our revamped website early last year, or the mandatory residency health insurance portal. Through these initiatives, we now provide corporate life and medical products to over 400,000 members, which span 400 employers in the UAE.

"Our business is built on exceptional customer service, and this has been welcomed by the market. We have already started to look into new ways to provide an optimal customer experience, through embracing digital and new insurance technologies, and we will continue to report on our progress in due course.”

 

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