Asia Insurance Company Profile

Table of Contents Section

Page

1)

About Asia Insurance

3-4

2)

Lines of Business

5-14

3)

Services

15

4)

Major Clients

16

5)

Reinsurance Partners

17

6)

Board of Directors

18

7)

Management Team

19

8)

Branches

20

9)

Mobile Branches

21

10) How to Produce Best Results Together

22-23

1- About Asia Insurance Company - Iraq Asia Insurance Company is the Insurance Arm of Faruk Group Holding which thrives to restore and nourish the Iraqi Insurance market to become one of the largest in the region. Our paid-up Capital is ID 30b ($25m) , FGH and partners are the largest Shareholders with 70% share.

We deal with the World’s Largest top Rated Reinsurers mainly Swiss Re & Munich Re providing the highest level of security to our clients. Our full- edged capacity and expertise empower us to face the competitive demands of the market and further expand into new lines of business and adopt innovative methods of distribution. We are a customer-centric company, with a strong-minded focus on service. We put our long-term client relationships at the heart of our business, providing excellent customer service and unmatched convenience is our non-negotiable objective.

Vision Asia Insurance Company is dedicated to become one of the leading regional insurance provider of non-life classes coupled with the highest degrees of customer utility. We envisage ourselves as first class security providers through partnerships with the most solid yet advanced international reinsurance partners.

Mission Statement: to be the most successful insurer in Iraq by delivering tailor-made insurance and risk management solutions combined with a pleasant workplace and supreme blend of pro t and growth.

Company Approach We are committed to adding value to all our clients and associates. We believe in long term relationships and will seek to have solid partnerships with each of our clients and associates, based on exclusivity, mutual trust, transparency and quality of service.

2- Lines of Business Asia Insurance Company is dedicated to become one of the leading regional insurance provider of all Non-Life classes coupled with the highest degrees of customer utility. We envisage ourselves as first class security providers through partnerships with the most solid yet advanced international reinsurance partners.

1. Property. 2. General Accidents. 3. Engineering. 4. Energy. 5. Aviation. 6. Marine & Inland transit. 7. Motor.

8. Health Insurance. 9. Travel.

Property Insurance Providing indemnity for material damage to the insured property resulting from various perils such as Fire, Lightning, Aircraft, Explosion, Earthquake, Strike, Riot, Civil Commotion, Malicious Damage, Storm, Tempest, Flood, Earthquake Bursting or Over owing of Water Apparatus (including Sprinkler Leakage), Impact by Own Vehicles, Theft or Attempted Theft (by violent and forcible entry to or exit from the premises) and Accidental Loss or Damage. Various Polices Available to cater for various budgets & Insurance Requirements:

Fire & Allied Perils Insurance Burglary Plate Glass

Property All Risks Political Violence including Terrorism Business Interruption Home Guard & Business Guard Policies

General Accidents The Umbrella for various General Risks for Individuals and for Organizations; With our solid relations with the Reinsurance Market we can tailor-made solutions for highly complex risks.

Various Polices Available to suit various needs:

Group & Personal Accidents Public & General Liability Workmen Compensation Fidelity Guarantee Money Insurance Contingency Insurance Banker’s Blanket Bond Professional Indemnity

Engineering Insurance Asia Insurance is equipped with an engineering team that can offer Insurance & Risk Management solutions to various lines of Engineering Insurance such as:

Contractor’s All Risks- CAR Erection All Risks- EAR Plant & Machinery Insurance Machinery Breakdown Electronic Equipment Insurance Deterioration of Stock DOS

Contingency Insurance

Energy Insurance Asia Insurance proudly offers its services and appropriate risk management solutions in cooperation with the world’s top rated reinsurers. We write Onshore and Onshore, both Upstream & Downstream exposures. We also cover related exposures such as Business Interruption, Liabilities, Control of wells (operators extra expenses), property damage etc.

We service the Energy industry in these sectors:1. onshore and offshore construction and property 2. pipelines 3. oil, gas and national energy companies 4. onshore and o shore drillers and drilling rigs 5. petrochemical/chemical manufacturers 6. refineries 7. tank farms 8. gas processing plants

Aviation Insurance Asia Insurance can insure both General Aviation Aircraft as well as Airline fleet, backed by excellent and rated securities from the London and Overseas Market. Our Aviation Reinsurance brokers are highly experienced to meet the insurance requirements of the Aviation Industry in the Middle East region. We provide all types of Aviation coverage including -but not limited- to:

We service the Aviation industry in these sectors:1. Aircraft Hull and Liabilities Insurance including 2. Passenger, Cargo and Third Party. Aircraft Hull 3. War and Allied Perils. 4. Aircraft Spares All Risk Insurance 5. Airport Operators and other Liabilities. 6. Aviation Crew Personal Accident. 7. Crew Loss of License Insurance. 8. Deductible Insurance. - Loss of Use Insurance.

Marine Insurance Asia Insurance provides it’s clients with exceptional Marine Insurance through a dedicated Marine Department that offers the following types of Insurance:

Cargo: cover loss or damage of goods transited by air, sea or road. We can provide tailor made Marine Cargo policies to match particular business needs. We also offer War & Strikes Risks, Land Transit , Courier &, Parcel Post , Haulier’s Liability, Freight Forwarders Liability, Project Cargos and Stock throughputs Marine Hull: concerns the insurance of all types of Vessels against Total, Partial Losses & Liability

Motor Insurance Under our full- edged Motor Insurance section; We operate two highly successful covers set as follows: (PLUS other Value Added Covers)…

1. Material Damage: Providing Indemnity for loss or damage to the insured vehicle, its accessories, and spare parts caused by accidental collision or overturning burglary or theft malicious act of any third party.

2. Third Party Liability TPL: Compensation towards insured’s and or driver’s Legal Liability to Third Parties arising from the use of the insured vehicles in respect of Death & Bodily Injury including Passengers & Third Parties.

Health Insurance Asia Insurance Company holds the exclusivity rights to provide the Health Insurance products of Med Net (A company wholly owned by the World Largest Health Insurer- Munich Health) offering local, regional & International Health Insurance Cover. Our clients have access to a wide Medical Network in Jordan & Kurdistan Iraq.

Individual Health: The best care as quickly as possible, that is what our individual health insurance offers, with levels of care there's a package that's right for everyone.

Group Health: specially tailored Group Health plans, matching specific needs of various organizations in Iraq. Our schemes are designed to safeguard employees and their families against escalating medical treatment costs

Travel Insurance Travel Insurance is a product specifically designed to suit the needs of individuals, executives and other staff or laborers who are required to make frequent trips outside the country.

Our products cover the following: Worldwide Coverage of Medical & Hospitalization Cases. Loss of Baggage Repatriation Repatriation of the corpse upon death of beneficiary 24 hour alarm center service Schengen VISA Cover

3- Services A Customer Centric Company with the following Key Services:

Insurance Consultations Identifying Clients Needs Risk Management Claims Management HealthCare Claims Management in Conjunction with MEDNET (Wholly owned by Munich Health). Motor Claims Center

4- Major Clients

5- Our Reinsurance Partners

6- Board of Directors Asia Insurance board members are prominent businessmen in Iraq and their main focus is to establish companies that will be pacesetters in their respective sectors.

Faruk Holding is represented by the Vice Chairman of Asia Insurance Mr. Hawre Noori, CEO & Board Member at Faruk Holding. The Chairman of Asia Insurance is Mr. Omar Hussein who’s one of the most successful businessmen in Sulaymaniyah.

It is worth mentioning that Jordan Insurance Company the ‘’oldest Insurance Company in Jordan’’ also holds two board seats at Asia Insurance.

7- Management Team 1- Jamal Asfour: CEO Ex Jordan Insurance with Extensive Experience in Reinsurance, Research & Business Development; Munich Re Scholarship Graduate. Email: [email protected]

2- Gamal Abou El-Seoud: Technical Manager Ex Allianz Egypt with Extensive Experience in Non-Marine Underwriting, Claims & Risk Management. Email: [email protected]

3-Tamer Haddadin: Marine Manager Ex Arab Orient with solid experience in Marine Underwriting & Claims. Email: [email protected]

4- Emad Al-Abed: Finance & Admin Manager Ex Jordan Insurance with a firm experience in Accounting, Administration Matters.

7- Management Team 5- Dalya Fehmi: Legal & Public Relations Manager Partner in Al-Allaf Attorney one of the Leading Offices in Iraq

6- Shivan Muhealden: IT operations Manager US experience in Networking, Database & Insurance Systems.

8- Branches

1- Head Office: Salim Street, Sulaymaniyah, Iraq, P.O.Box 356 Tel: +964 53 3301811

2- Customer Care & Motor Branch: Salim Street adjacent to HQ, Sulaymaniyah, Iraq Tel: +964 53 3301811

3- Soon in Erbil.

9- Mobile Branches -Three Mobile Branches Around the Kurdistan Region

(An Idea special of it’s Kind in the Arab World)…

10- How to produce Best Results Together Determine Client Needs

Information: Full up to date underwriting information History/ Background of account Markets Target Premium

Measure and Monitor Results

Client Success

Timing: First in the market means access to the best terms!

Implement the Plan

Develop a Plan

10- How to produce Best Results Together Account Director

1. Ability to interface with our counterparts all over the world providing well thought out added-value packages that are highly competitive. 2. Ability to provide creative ideas thinking “Out of the Box”.

Benefit Analyst

Client

3. Ability to provide assistance in negotiations. 4. Ability to provide quick service and resolve problems.

5.Ability to offer full claims Service and Risk Management.

Client Services

Enrollment Specialist

Together Towards Paramount