Union Insurance Company P.S.C. (UNION) : Company Profile and SWOT Analysis
Timetric's "Union Insurance Company P.S.C. (UNION) : Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees as well as company locations and subsidiaries.
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The report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. Timetric strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
Examines and identifies key information and issues about "Union Insurance Company P.S.C." for business intelligence requirements.
Studies and presents the company's strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported.
The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.
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Union Insurance Company P.S.C. (Union Insurance) is an insurance company. It provides a range of life and non-life insurance products to individual, bank and non-bank financial institutions, and corporate customers. The company’s portfolio of products includes life insurance, health insurance, home insurance, motor insurance, group life and medical insurance, personal accident insurance and travel insurance. It offers energy insurance, engineering insurance, non-life accident, property insurance, marine insurance and liability insurance. It also provides insurance coverage for money, credit, workmen’s compensation, medical malpractice and fidelity guarantee. The company serves its clients through a network of branch offices located in Sharjah, Abu Dhabi, Dubai, Ajman and Ras Al Khaimah. Union Insurance is headquartered in Ajman, the UAE.
The company reported gross written premium of AED681.1 million during FY2015, representing an increase of 28.1% over FY2014. In FY2015, its net earned premium was AED303.5 million, representing an increase of 37.6% over FY2014.