Sharjah Insurance Company · ADX:SICO
Sharjah Insurance — Investor Presentation
25 slides from Sharjah Insurance's investor presentation
Slide 1: Sharjah Insurance Company Profile
SHARJAH INSURANCE COMPANY COMPANY PROFILE The First Established Insurer in UAE
Slide 2: Our Mission and Board of Directors
Sharjah Insurance Company Our Mission We are committed to the highest standards of ethics and integrity. We are responsible to our customers, to our employees, to the societies we serve in UAE. We do not take professional or ethical shortcuts to achieve targets but our interactions with the society
Slide 3: Profile and Management Team
Profile A milestone in the history of Insurance within the UAE, SHARJAH INSURANCE was established in 1970 under the decree of H.H. the Ruler of Sharjah and is registered with the U.A.E. Federal Ministry of Economy under Registration No.12. Sharjah Insurance Company (SICO) has the distinction of bein
Slide 4: Our Corporate Products: Group Life Insurance
Our Corporate Products: Group Life Insurance Concept: Life insurance or life assurance is cover provided by an insurer where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) upon the death of the insured person. Depending on the contract, other events such as term
Slide 5: Property Insurance
Property Insurance: Concept: From small local shops to large multi-national corporations, everyone would like to obtain the best insurance rates and cover for their business property. Owners of commercial properties require building insurance that will cover the property in the event of fire, aircra
Slide 6: Engineering Insurance
Engineering Insurance: SICO offers a wide range of Engineering Insurance solutions that can be tailor-made and with flexible coverage to suit our client’ needs. 1- Contractor All Risk (CAR) Insurance: A Contractors All Risk Policy covers the risk of accidental physical loss or damage in respect of t
Slide 7: Machinery Breakdown and Contractors Plant & Machinery Insurance
3- Machinery Breakdown Insurance The Insurance Policy broadly covers loss due to all kinds of accidental, electrical and mechanical breakdowns due to internal and external causes. 4- Contractors Plant & Machinery (CPM) Insurance Contactors Plant & Machinery policy covers construction equipment such
Slide 8: Electronic Equipment Insurance
5- Electronic Equipment Insurance: Concept: Covering Material damage for many types of electrical equipment, including; - Electronic Data Processing (EDP) equipment. - Electrical and Radiation equipment for medical use. - Communication facilities. (Tele-printers, Telephone Exchange & Units, photocop
Slide 9: Deterioration of Stock
6- Deterioration of Stock - To cover deterioration of stock in cold storage due to a any unforeseen & sudden physical loss or damage to the refrigerating machinery specified in the list of machineries of the policy and which are indemnifiable under the machinery breakdown cover. 8|Page First establi
Slide 10: Marine Insurance
Marine Insurance: Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Marine Hull Insurance Marine Hull Insurance covers physical loss or damage to th
Slide 11: Marine Cargo Policies and Coverage
case, monthly or quarterly basis. This type of policies normally offered to customers/traders who have big size of business. b) Marine Cargo Voyage Policy: This type of policy suites customers who need marine cargo insurance for few times per year only and the assured should advise the insurers of a
Slide 12: Air and Land Transportation Cargo Cover
b) By Airfreight - All risks insurance cover as per Institute Cargo Clauses “Air” dated 1.1.82 applicable to almost all type of commodities. - Total loss cover. Air Cargo war and strikes insurance cover as per Institute War and Strikes Clauses “Air”. c) By Land Transportation All risks land insuranc
Slide 13: Motor Insurance
Motor Insurance: 1- Comprehensive Insurance (Section 1&2, Loss Damage & Third Party) Section One: Comprehensive Insurance cover against Loss, Damage to own car, its accessories and spare parts due to: 1. Accident or accidental collision or overturning 2. Fire, external explosion, self ignition, ligh
Slide 14: Third Party Liability and Travel Insurance
Section Two: Third Party Liability Covers the Insured’s and / or Driver’s Legal Liability for compensation towards Third Parties arising from the use of the insured vehicles in respect of: 1- Death of or bodily injuries to any person including the passengers in the vehicles except the insured or the
Slide 15: Travel and Home Insurance
travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a “multi-trip” policy that can cover an unlimited number of trips within a set time frame. The most common risks covered by travel plans include, but are not always limited to
Slide 16: Money Insurance
renewal basis policy. Other benefits include: alternative accommodation, loss of rent (owner/tenant), personal possessions, family legal protection, and landlord/tenant liability. Money Insurance: Provides compensation against loss of money during its transit or whilst in the premises of the insured
Slide 17: Personal Accident and Professional Indemnity
Personal Accident Insurance To compensate an individual or his legal representative in case the insured suffers bodily injury or death due to accident. Coverage: Worldwide including travel as a passenger of a regular airline. Age limit usually between 15 to 65 years. Policy is usually for one year b
Slide 18: Fidelity Guarantee Insurance
Fidelity Guarantee Insurance: To provide indemnity against loss of insured’s Money or Goods caused by the infidelity of the employees. Coverage: Any loss of money or goods sustained by the insured as a result of act(s) of Forgery, Embezzlement, Larceny, and/or Fraudulent conversion committed by any
Slide 19: Products Liability Insurance
6. Counterfeit Currency 7. Damage to Offices & Contents Products Liability Insurance: Concept: To provide cover to manufactures and suppliers against legal liability towards third parties for property damage and injuries or illness or death caused by or arising from any goods manufactured, sold, sup
Slide 20: Medical Malpractice and Glass Insurance
Medical Malpractice Insurance: Concept: Provides cover to doctors, hospitals / clinics against legal liability for bodily injury, illness or death to patients caused by their professional negligence. Glass Insurance: Concept: Covering breakage of plate glass (Windows, Doors, Showcases exhibitory Ite
Slide 21: Workmen Compensation Insurance
Workmen Compensation Insurance: Concept: To cover the employer's legal liability for compensation as a result of his employees suffering bodily injury or death due to work related accidents arising out of and in the course of performance of his employment of the insured's business. 20 | P a g e Firs
Slide 22: Employers Liability
Employers Liability: Concept: To indemnify the employers who are legally liable for claims made by employees or their dependants (in the event of the death of the employee) who suffer bodily injury, death or disease caused due to; - Negligence of Employers - Employer not providing competent staff or
Slide 23: Our Major Clients
Our Major Clients: Below is a short list of some major clients: 1. SHARJAH MUNICIPALITY 2. SHARJAH ELECTRICITY & WATER 3. SHARJAH POLICE 4. SHARJAH PORTS AUTHORITY 5. SHARJAH FREE ZONE 6. SHARJAH CEMENT FACTORY 7. RAMESH HIRA TRADERS LLC/HIRA INDUSTRIES LLC 8. AMERICAN UNIVERSITY OF SHARJAH 9. CONSU
Slide 24: Our Reinsurers
Our Reinsurers: Sharjah Insurance has been one of the leading players in the Insurance industry since its establishment in 1970. Over the years, Sharjah Insurance has built strong partnerships with some of the world’s most reliable reinsurers providing optimum insurance protection to its clients. So
Slide 25: Head Office and Branch Offices
Head Office: Location: P1, P2 Floors, Al Raha Towers, Corniche Al Mamsar, Al Khan, Sharjah Address: Post Box 792, Sharjah, U.A.E. Telephone: +971 6-5195666 Fax: +971 6-5195667 Email: sico@emirates.net.ae Branch Office Dubai Office Location 2nd Floor, 212 National Bank of Umm Al Quwain Building, Khal