1. Underwriting

          Underwriting is the core function of the Company. They write most of non-life insurance i.e. fire, marine and transportation, motor and miscellaneous. These are:
          - Direct insurance: The direct business comes from agents, brokers, broker firms and branch offices and which accounts for over 90 percent of the total written premiums.
          - Reinsurance and retrocession is ceded to and accepted from other insurance companies to spread risks.

 2. Investment

          In addition to underwriting, the Company also spends its income on investment in compliance with the type of investment and with limits for lines of investment as specified by regulations of the Office of Insurance Commission (OIC). The majority of the investment is in deposits with financial institutions, promissory notes, government bonds, debentures, stocks and unit trusts.

Business Objective

         The Company’s strategies and policies have been reviewed annually. The Company’s business plans for the year 2020 has been reviewed by the management and has been approved by the board of directors that the Company will continue expanding in scale which is to focus on non-motor businesses, setting fair and adequate premiums, increasing the efficiency of claims management, and controlling operating costs to increase profits that are in line with the Company’s business goals as well as determining to further develop and improve the quality of products and services in order to retain our customers’ trust.

        The Company’s mid-term objective focuses on sustainable growth of its market share, reducing business expenses and maintaining its current return on equity. For the company’s long-term objective is to establish its presence in the individual as well as small and medium size business sectors of non-life insurance industry in line with the Company’s vision and mission.