In 2015, Orient became the second largest insurer in the UAE by gross written premiums, recording a 29% growth rate and writing UAE dirham (AED) 2.3 billion of premiums (2014: AED1.8 billion). This significant growth was supported by strong contributions from the life and medical portfolios. The first quarter of 2016 also shows a strong 24% growth rate, and Orient expects this to continue throughout the year.
Orient has the largest capital base of the listed UAE insurers and maintains extremely strong risk-based capital adequacy; The stable outlook reflects our expectation that Orient will retain its position as a top-tier insurer in the UAE with above-market-average profitability and maintain its extremely strong capital adequacy.
Summary report & Detail analysis can be viewed below: