National General Insurance Expands in UAE Market
National General Insurance Company P.J.S.C is making strategic moves to strengthen its position in the UAE insurance market.
Summary
National General Insurance Company P.J.S.C is expanding its operations in the UAE, focusing on innovation and customer-centric strategies to enhance growth.
National General Insurance Company P.J.S.C, a prominent player in the UAE insurance market, has announced a series of strategic initiatives aimed at bolstering its market presence and enhancing its service offerings. This move comes as part of the company's ongoing efforts to adapt to the dynamic insurance landscape and meet the evolving needs of its customers.
Founded under UAE Federal Law No. (8) of 1984, National General Insurance has a long-standing reputation for providing a wide range of insurance products, including life, general, and reinsurance services. The company's decision to expand its operations is a testament to its commitment to growth and innovation in a competitive market.
One of the key elements of this expansion is the company's focus on leveraging technology to improve customer experience. By investing in digital platforms and advanced analytics, National General Insurance aims to streamline its processes and offer personalized solutions to its clients. This tech-driven approach is expected to enhance customer satisfaction and loyalty, positioning the company as a leader in the digital insurance space.
Moreover, the company is exploring partnerships with local and international entities to diversify its product offerings and tap into new customer segments. These collaborations are anticipated to open up new revenue streams and strengthen the company's market share.
Financially, National General Insurance is on a solid footing, with a robust balance sheet and a strong capital position. The company's prudent risk management practices and strategic investments have contributed to its financial stability, providing a solid foundation for future growth.
Given the company's strategic initiatives and solid financial health, investors may find National General Insurance an attractive investment opportunity. The company's focus on innovation, customer-centric strategies, and market expansion are likely to drive long-term growth and profitability.
In conclusion, National General Insurance Company P.J.S.C is well-positioned to capitalize on the growth opportunities in the UAE insurance market. With its strategic focus on technology, partnerships, and customer satisfaction, the company is poised for a promising future. Investors looking for a stable and growth-oriented investment in the insurance sector should consider adding National General Insurance to their portfolio.
Source
Summary
The Board of Directors of National General Insurance Company (PJSC) invites shareholders to the Annual General Assembly Meeting on Monday, April 14, 2025, at 4:00 PM at the company's head office in Deira, Dubai, and online. The agenda includes appointing a meeting secretary and vote collector, reviewing and approving reports on the company's activities, financial position, auditor's report, balance sheet, and profit and loss account for the fiscal year ending December 31, 2024. Shareholders will also discuss dividend distribution, board remuneration, discharging or holding accountable board members and auditors, appointing auditors for 2024, approving the Corporate Social Responsibility Policy, disclosing related party transactions from 2024, and electing board members. Special decisions include amending the Articles of Association to comply with new regulations and allocating up to 0.5% of net annual profits for voluntary contributions in 2025. The amended articles are available on the company's and DFM's websites before the meeting.
Summary
Shareholders are informed about the delegation process for attending the General Assembly as per the Corporate Governance Manual. Shareholders can delegate a representative, who is not a board member or company staff, to attend and vote on their behalf. This delegation must be in writing, and the representative cannot hold more than 5% of the company's issued capital through such delegations. Individuals lacking legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney must be verified by approved entities such as a notary public, commercial chamber, licensed bank, financial market, or other authorized bodies. The proxy form must include the shareholder's and the approving authority's contact details. Shareholders can appoint a proxy to represent and vote on their behalf at the Annual General Assembly Meeting. For further information, contact details are provided.
