Orient Insurance: good performance in 2019

The Emirati Orient Insurance, a subsidiary of the Al Futtaim Group, reported gross written premiums of 3.9 billion AED (1.061 billion USD) as of 31 December 2019, an increase of 5% compared to 2018. Its net income improved by 6% to 425 million (115.7 million USD).

Orient Insurance, has recently obtained the approval of the Saudi Arabian Monetary Authority (SAMA) to open branches in KSA. The latter will start their activities during the year 2020. The company is rated "a+" by A.M. Best and "A" by Standard & Poors.

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