DNIRDubai National Insurance and Reinsurance (United Arab Emirates)
DNIRDealings Not Involving Intentional Release (Australia)
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Dubai National Insurance & Reinsurance (DNIR) recently announced its results for 2018, with the net profit of the company registering a growth of five per cent to Dh52.661 million in 2018 from Dh50.067 million in 2017.
The positive outlooks reflect DNIR's efforts to strengthen its ERM capabilities and framework substantially in recent years, implementing tools to identify and quantify key risks.
"DNIR strengthened the identification and quantification of key risks and imposed greater controls in order to mitigate and reduce the potential impact on our earnings and capitalisation," he added.
Ramez Abou Zaid, general manager, DNIR, said, 'It is a great opportunity to start the year by offering the market a very professional and international medical cover, combining it with the 25 year celebration of DNIR.'
Best gave the company a financial strength rating of B++ (Good with a Stable Outlook), owing to DNIR's consistent and strong technical performance supported by steadily robust investment earnings, together with a strong level of risk-adjusted capitalisation.
DNIR commenced operations on 1992 with the support and confidence of a large number of national shareholders including prominent and successful local businessmen.
Al Habtoor used the example of DNIR. "For instance, on December 14, DNIR was named one of the 'biggest losers' of the day on the DFM.
DNIR maintains strong risk-adjusted capitalisation that benefits from low underwriting leverage and a reinsurance programme of good credit quality.
DNIR's gross written premiums reached AED 260.1 million ($70.8 million) in 2016, ranking the company as a mid-tier insurer within the UAE insurance market.
Al Habtoor used the example of DNIR. "For instance, on 14th December, DNIR was named one of the 'biggest losers' of the day on the DFM.
National General Insurance (NGI) and Dubai National Insurance and Reinsurance (DNIR) were the biggest gainers, up 14.79 per cent and 14.66 per cent respectively.
DUBAI: Dubai National Insurance and Reinsurance (DNIR) issued its consolidated audited financial statements for 2013 to the Dubai Financial Market website.