MUSCAT -- Al Madina Gulf Insurance Company SAOC (AMGI) announced the launch of its corporate logo yesterday. The striking, contemporary logo sports three lines moving upwards in unity, signifying the company's mission of providing its customers and stakeholders with security, protection and reliability. AMGI offers general insurance products and has a CMA licence for both life and non-life businesses.
Its wide bouquet of insurance products and solutions include general insurance (motor, marine, fire, engineering, accidents, money, personal), medical insurance and life insurance. The coming few months will see AMGI announce a host of customised products and services for specific audiences.
According to Mohammed Ali al Barwani, Chairman, AMGI, "Oman's insurance sector has seen significant growth over the past couple of years and AMGI is poised to play a strategic role in the emergent insurance sector. Its products and services have been specifically created to meet the requirements of a growing and dynamic nation -- one whose populace is leading to changes in the way the existing financial ethos has been viewed and used. AMGI would like to ensure that its growth and success are shared by its customers and stakeholders alike by redistributing part of the surplus premium available after claims and expenses to policy holders. We are focused on forging an aggressive path of growth, and in doing so, hope to emerge as leading players in the insurance sector in Oman."
Reiterating Al Madina's strengths, Abdul Rehman Burham, Deputy Chairman, AMGI said, "We stand distinguished through the transparency of our business dealing and the quality of service available to our customers. Our mission is to provide an extensive range of insurance products which are competitively priced and customised to the requirements of the market, all the while bearing in mind the cultural and social ethos of the local populace."
Speaking at the launch, Khamis al Kiyumi, Member of AMGI's Board of Directors said, "One of AMGI's key strengths will be its ability to deliver innovative solutions customised for specific needs and its image as a company that exudes professionalism in its interactions. Our strategic "Management Service Partnership" with Solidarity Insurance will help us take-off vertically while our strong promoter base and wealth of knowledge will enable us to get a head-start in this competitive sector."
"Having started operations in January 2007, Al Madina is looking at contributing to the upswing in Oman's economy. Our products and services have been created with an aim of ensuring customer satisfaction. Our cutting edge IT systems and software ensures enhanced reliability and business continuity. While our main focus will be on providing customised corporate and retail insurance products we are aware of the need for project insurance that is emerging as the real estate sector witnesses a boom.
AMGI is today well-placed to emerge as a niche player in the area of project insurance for major developmental projects in Oman. Our constant endeavour will be to remain committed to our mission of honouring the trust of the people of Oman," stated Ravi Shankar General Manager, AMGI.
By Staff Reporter
© Oman Daily Observer 2007
