Insurance House PSC 2023 IR
The report outlines the financial and sustainability performance of Insurance House PJSC for the fiscal year 2023. The company faced significant financial challenges, registering a total comprehensive loss of AED 41.01 million, primarily due to intense competition in the motor insurance sector and retrospective accounting corrections. To address these issues, the company initiated a Comprehensive Recovery Plan and adopted IFRS 17. On the ESG front, Insurance House launched several community and environmental initiatives, including a recycling program with Tadweer, a valley clean-up campaign, and partnerships for employee professional development.
Company: Insurance House PSC
Sector: Financials
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 140
Insurance House PSC
Integrated Report
The report outlines the financial and sustainability performance of Insurance House PJSC for the fiscal year 2023. The company faced significant financial challenges, registering a total comprehensive loss of AED 41.01 million, primarily due to intense competition in the motor insurance sector and retrospective accounting corrections. To address these issues, the company initiated a Comprehensive Recovery Plan and adopted IFRS 17. On the ESG front, Insurance House launched several community and environmental initiatives, including a recycling program with Tadweer, a valley clean-up campaign, and partnerships for employee professional development.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees