NLGIC retains the #1 Rank in the 2019 edition of AIWA Best Performing Companies Awards
National Life and General Insurance Company SAOG (NLGIC) has retained the #1 Rank in the Best Performing Company in Oman in the Large Cap segment in a red carpet event at the 2019 edition of the AIWA Best Performing Companies Awards held on 15th September 2019.The event was attended by over 200 top business leaders, CEOs and senior government officials from a cross-section of industries, ministries and government bodies, a congregation of the key decision-makers who are driving the country’s business and economy.
67 companies listed on the Muscat Securities Market(MSM) contended for the top position in the AIWA Best Performing Companies 2019 Awards and the research survey and analysis was conducted by Gulf Badeer Capital Markets.
The award was given based on various business performance parameters and NLGIC has shown excellent performance across various parameters for the performing year 2018.
National Life and General Insurance CO.SAOG topped the list in the Large Cap segment (with capital above RO 75 Million) and was followed by Ooredoo,HSBC Bank Oman,Ahli Bank, Sohar International in the same ranking order. Last year also NLGIC had won the Top position.
The company, today one of the largest and most progressive insurer in Oman in health and motor insurance, is also now a major insurer in UAE with branches in Dubai and Abu Dhabi. NLGIC started its Kuwait operations which is also growing at a fast pace.
Today the company has around 190 sales and service touch points spread across Oman,UAE and Kuwait with a wide network of branches and intermediaries including agencies, brokers .The company, apart from health insurance has shown rapid progress and growth in the retail segment, especially Motor insurance and has built up a sizeable portfolio. Other personal lines products include individual life and accident insurance, home content insurance, travel insurance etc.
NLGIC is at the forefront in the use of innovative technological solutions, has recently launched NLGIC INSURANCE mobile app and has won the Innovative Digital Services in Insurance Sector award at New Age Banking and Finance Summit 2019