"Purayth" Expansion "a guarantee" To include property and responsibilities in the Emirates

Abu Dhabi, June 2/ WAM/ The Burelth Group announced a new strategic expansion in its work through its insurance arm, “Warranty”, which includes entering the property and responsibilities insurance sector, in a qualitative step that enhances the group’s position as a comprehensive provider of health and unhealthy security solutions in the UAE.

According to this expansion, a “guarantee” will work under its new legal name, “The National Insurance Company – Warranty”, which reflects the diversity of its services and the expansion of its business in the dynamic insurance sector in the country, and this comes in response to the increasing demand from individuals and companies for integrated insurance solutions that protect health, property and assets.

Shaysa Asif, CEO of the Burihail Group, said that the expansion of “warranty” represents a major step in implementing the strategic group’s vision to present an integrated platform for health care and guarantee, and by entering the property insurance sector and responsibilities, the group adds a new dimension to its insurance portfolio, which enhances its ability to manage risk in a comprehensive and effective manner and reflects its commitment to build a sustainable health and guarantee system that meets The aspirations of the UAE in the future.

For his part, His Excellency Khaled bin Shaiban Al -Muhairi, Chairman of the Board of Directors of the “National Insurance Company – guarantee”, said that for about two decades, a “guarantee” has established leading standards in the field of health insurance, and today it opens a new chapter in its career by entering the property insurance market and responsibilities to continue the same approach based on reliability and customer satisfaction, and its goal is to be a real partner in protecting individuals and companies and supporting the flexibility of the national economy Society was well -known in the long run.

This expansion comes in conjunction with accelerating growth indicators in the country’s insurance market, as the data of the Emirates Central Bank showed the number of insurance documents issued to 14.6 million documents in 2023 compared to 8.4 million documents in 2022, with expectations that the size of the property and responsibilities insurance market reached to 16.8 billion US dollars by 2031, according to the “Verified Market Research.

A guarantee currently serves more than three million subscribers in health insurance via a network that includes more than 3.000 service providers benefiting from an advanced infrastructure that includes artificial intelligence in subscription processes and effective systems to settle claims and serve multi -language customers.

While “guarantee” continues to provide its known services under its current brand, new insurance products will be offered in stages to ensure a smooth transition that enhances customer experience, and maintains the quality and compliance levels that distinguish it.

The company had recently won the title of Best Trade Summary for Health Insurance in the UAE from Brand Finance International Consulting, confirming its pioneering market position.
This expansion comes as part of the “Burjahth” strategy aimed at developing an integrated system for care and guarantee that extends from prevention to protection and in line with its ambitions in the science of prolonging age and achieving a comprehensive welfare of the UAE community.

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