Insure direct (Brokers), Dubai, Dubai World’s captive insurance broker, has won the Euromoney Insurance Awards 2009 in three categories, including the award for Best Broker in the Middle East in recognition of its product innovation and customer-centric operation.
The other two awards the company won are for Best Favourable Contracts and for Best in Efficiency, in appreciation of its proven excellence in these areas.
The prestigious awards from the leading journal of international financial markets highlight the strong growth Insure direct has achieved in the regional market and emphasises the company’s leading position in the field.
Speaking about the award, Kenneth George Maw, President and Chief Executive of Insure direct, said: “We thank Euromoney for the recognition. The awards come to us at a time when we are planning the expansion of operations with new products and new markets. Insure direct is closely following the changes in the markets and the effects of the global economic downturn in the region. Our quick response strategy is bringing positive returns. The company’s focus is on emerging opportunities and untapped areas.
“Euromoney’s recognition is a good catalyst to enhance Insure direct’s efforts.”
Euromoney selected the award winners in different categories through an annual survey of the global financial markets. The Insurance Survey, now in its second year, is the only global poll to canvass the opinion of decision-makers at large corporate and financial institutions. It covered more than 400 respondents in over 60 countries.
Neil Osborn, Publisher of Euromoney, said: “In an increasingly challenging financial environment, the winners of the 2009 Euromoney Insurance Awards are those that exhibited the ability to innovate, respond to the increasingly complex demands of their clients and make best use of the inherent strengths of their organisation. Through the insurance survey, the market has recognised the achievements of these institutions in the face of difficult market conditions, which is why the awards are so richly deserved.”
Insure direct is strategically pacing its expansion moves to deliver competitive and quality services in insurance and reinsurance brokerage in the MENA region, with a particular focus on the GCC. It has set forward -looking plans to launch operations in the bigger markets of Asia and Europe.
The company is also in the process of widening its product range. It recently launched an exclusive product for High-Performance/High Valued motor vehicles valued at AED200,000 and more to cater to a rapidly growing customer sector.
Insure direct has also launched its website (www.insuredirect.ae), providing its clients with online accessibility to information on its various products and services, including applications for quick and easy quotes and information on claims and risk management.
