Today, Takaful Emarat - Insurance PSC announced that it has completed its acquisition of Al Hilal Takaful PSC from Al Hilal Bank PSC, creating one of largest UAE-based takaful groups by gross written contributions. The deal, which has been approved by the UAE’s Insurance Authority, represents an exciting strategic move for Takaful Emarat, and a major milestone in the development of the group, which will now serve more than 375,000 customers.
In our 10th year of operations, we have been following an aspirational and transformative strategy as we seek to expand our geographical footprint and range of products. Our innovative, digital-led approach continues to deliver efficiency and value to customers. This acquisition increases our size and scale while also opening new avenues for growth, particularly in the general insurance segment. As a key partner to the business, you will soon feel the benefits of the enhanced breadth and depth of our operations.
The launch of a bold new corporate identity, led by our tlife and tinsure brands, is emblematic of our ambition to take the business forward and to provide Takaful Emarat and Al Hilal Takaful customers across the UAE with a user-friendly service that is available across multiple platforms, led by its digital channels.
Our focus now is on accelerating the development of Takaful Emarat as we integrate new technologies into our offering, providing customers with access to modern, high-quality and completive takaful products and services. It is this approach, augmented by our customer support network, that can ensure Takaful Emarat remains at the forefront of the region’s insurance industry.
Mohammad Al Hawari
Executive Board Member and Managing Director
Takaful Emarat- Insurance PSC
Phone: +971 600 522 550