Al Ahleia Insurance Company S.A.K.P.
Climate Impact & Sustainability Data (2017)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Social Responsibility
Social Achievements
- Training and recruitment process conducted for students of LOYAC Organization.
- Periodical events for staff and their families.
- Material support to LOYAC Organization.
- Blood donation campaign for employees.
- ‘Winter Bag’ campaign to distribute to those in need.
- Provided Al Amiri Hospital and the Patients Helping Fund Society with wheelchairs, seats, and medical equipment.
Governance Achievements
- Developed and implemented a Corporate Governance policy.
- Established Board Committees (Risk Management, Audit, Nomination and Remunerations).
- Implemented policies for Code of Conduct, Conflict of Interest, Disclosure and Transparency, Shareholders Protection, and Stakeholders Protection.
- Maintained high credit ratings from Standard & Poor’s, Moody’s, and AM Best.
Climate Goals & Targets
Environmental Challenges
- Global insurance market affected by natural disasters and increased reinsurance prices.
Mitigation Strategies
- Renewed reinsurance agreements with better conditions without increasing prices.
- Increased participation in results by raising retention limits.
- Regional expansion to promote and improve risk profile.
- Feasibility study of other Arab markets for expansion.