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Overview

Overview. Solidarity Alliance Insurance Company was founded in 2006 and received the approval to start conducting business in 2008.

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Overview

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  1. Overview • Solidarity Alliance Insurance Company was founded in 2006 and received the approval to start conducting business in 2008. • It was established by virtue of the Prime Minister’s Decree No. 54, dated 25th of June 2006. it was approved by the Syrian Insurance Supervisory Commission’s Decree No. 141/100 dated 13th February 2008. • The company is registered in the Syrian Commission of the Financial Markets and Securities. • Solidarity’s capital is SYP 1 billion paid in full. • Solidarity supports our wide base of customers through our Head office in Damascus, and our Branches in Aleppo, Homs, Tartous, Lattakiaand our Point Of Sale in Industrial Area of Hessia.

  2. Work Team • 200 employees strive to support our policy Owners on a daily basis. • 117 of the above are trained Agents and Team Leaders whom work closely with our current and future clients, to provide best service and protection. • Solidarity is contracted with 8 Brokers Officially licensed by the “Syrian Insurance Supervisory Commission”. • Solidarity covers more than 98 thousand insured all over Syria.

  3. Financial Strength (31/05/2011) • More than 1,06 Billion SYP in Owners Equity. • Fixed Assets exceed 315 Million SYP. • Assets are more than 1,490 billion SYP. • Deposits exceed 1,012 Billion SYP. • Our Technical Reserves exceed 315 million. • Insurance Premiums In force exceed 686 million SYP. • Our Coverage In force exceeds 115Billion SYP.

  4. Claims • Total Claims Paid and Outstanding exceed 143million as of (31/5/2011). • Total Claims Paid and Outstanding exceeded 159million as of (31/12/2010). • A total of 8837 claims paid in 2010. • We work closely with a number of the Best and highest in rating Reinsurance Companies from around the world such as “Cologne Gen Re”, “SCOR”, “CCR”, “R&V” and from around the Arab world such as “ARIG”, “Arab Union Re”, “Best Re” …

  5. Values • Our Mission We strive to support and protect your financial independence, dreams and ambitions against insurable unfortunate circumstances. • Our Vision To be the insurance company of choice. • Our Values • Integrity • Ownership • Commitment to customer service

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