Al Fujairah National Insurance Co PJSC 2024 IR
The report highlights Al Fujairah National Insurance Company's (AFNIC) transition to a sustainable business model in 2024, achieving a net profit of AED 25.03 million compared to a net loss of AED 7.98 million in 2023. The company successfully launched 'FloodGuard Motor Insurance,' a pioneering product offering flood coverage for third-party insured vehicles. AFNIC also advanced its digital transformation by updating its website, enhancing its mobile app, and introducing automated insurance devices. Additionally, the company increased its Emiratization rate to 20.79% and maintained a diverse workforce with 42.4% female representation.
Company: Al Fujairah National Insurance Co PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: IR
Pages: 186
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Al Fujairah National Insurance Co PJSC
Integrated Report
The report highlights Al Fujairah National Insurance Company's (AFNIC) transition to a sustainable business model in 2024, achieving a net profit of AED 25.03 million compared to a net loss of AED 7.98 million in 2023. The company successfully launched 'FloodGuard Motor Insurance,' a pioneering product offering flood coverage for third-party insured vehicles. AFNIC also advanced its digital transformation by updating its website, enhancing its mobile app, and introducing automated insurance devices. Additionally, the company increased its Emiratization rate to 20.79% and maintained a diverse workforce with 42.4% female representation.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees