B I BAl Berwaz Insurance Brokers LLC.

INSURANCE

SINCE

1995

REG. NO 81

www.alberwazinsurance.com

Introduction

01

BIB is l icensed by M/s Emirates Insurance Author i ty Reg No.81 to exercise all types of insurance services. The company founded in 1995 by h igh l y qua l i f i ed UAE na t iona ls and managed by p ro fess iona l insurance specialists turned to stay alert to new risks and exposures, focused to p rov ide bus iness cong lomera tes and ind iv idua ls w i th professional advice derived to obtaining comprehensive, competit ive and comp le te so lu t i on on d i ve rse c lasses o f I nsu rance . We a re specialized in competing the hiking cost & coverage with more than 20 nationals and international insurance providers without compromising the desired quality results to meet our clients needs and expectations.

B I B

VISION

OUR MISSION

STRATEGIC GOALS:

VALUES

To continue and pursue excellence inthe insurance industry

Leading policy development in various areas of insurance

Transparency

Accountability

Creativity

Commitment

The general principles which promote transparency to enhance the insurance body systems

Managing different insurance products provided by the insurancecompanies and reversible to the customer service

Strengthening relations and cooperation with all insurance companies

Ensure that all administrative services in accordancewith standards of quality, efficiency and transparency

To provide high quality insurance services to our clients and protect their investments by risk management and issuing all various insurance policies in accordance with the laws, policies, objectives and strategies established by the Insurance and Health Authorities in United Arab Emirates

Promote effective coordination and complementarity to fulfill the tasks with skill creativityand mastery in simulating and attractive environment

Encourage performing tasks and functions in professional ways with good soundsand outputs by providing qualified and efficient human resources

Aachieve coherent functional environment that dominatefriendliness and cooperation to achieve better productivity

02

Our CEO

Our Managing Partner

Dear Valued Partners,

The idea of founding the company has evolved based on a future vision for the business men and experts to the role of the promising and important to the future of the insurance sector and the extent of the market and the urgent need due to the steady growth of the economy in the United Arab Emirates. Based on the spectrum Al Berwaz Insurance Brokers was founded in 1995 as a pioneer in the world of insurance offering all types of insurance services to its customers and in line with the evolution of the legislative systems developed by official bodies and authorities in the state, where the company is working to cover all the needs of insurance to its customers by studying and analyzing the market risks in general and the client in particular, and to make appropriate recommendations to issue competitive insurance policies, which works to protect the customer’s business and investment through the reduction of losses in the event of damage and leads to increase the customer’s confidence in the market and work on the expansion of its investments and activities.

Dear Valued Partners,

Since company was founded, we are increasing our investments to develop the infrastructure and the workflow by raising the competency and expertise of our staff, enhance the technical and technological means and promote the agreements concluded with the major insurance companies operating in United Arab Emirates in order to reach the highest professional degrees, accuracy and secrecy in line with the new regulations and legislatures , which was developed by the insurance Authority and the bodies of Health in Abu Dhabi and Dubai to save clients’ interests, transactions and information. The company has also working on providing high quality products and services in competitive prices, in addition to the contractual terms and conditions that are consistent with local and international standards for corporate insurance and reinsurance, in order to protect the rights of our clients in insurance claims from the potential risks that may be exposed to their investments, business, employees and dependents.

Al Berwaz was and still trying to reach full satisfaction to its customers by providing high quality services through expertise who are working on risks assessment and management using the latest technical and technological means to develop effective solutions that lead to protect the interests of our customers and their investments, which will also contribute to increase their confidence toward our products and services provided to them and enhance the relationships. We welcome you and wish you further progress and success.

Al Berwaz has worked over 21 years to hire technical, administrative and marketing team with extensive experience in the field of insurance and support them with the latest training programs to enhance their skills and competencies to cope with all the changes in the insurance market , in addition to establish a contracts with the most important local and regional insurance companies to offer our clients a variety of insurance products, such as health, life, vehicles, engineering projects, real estate, shipping, fire etc. in competative price that meet client’s needs and expectations.The company has worked also on raising the quality of their service and the speed of performance by dealing with the well reputed information technology and electronic application companies, which facilitates communication with our customers to answer their queries, follow up on their transactions and claims. Our ultimate goal is to reach our clients satisfaction by fulfilling their needs and requirements and to meet their expectations which will reflect positively on the bilateral relations in the present and the future.

Ali Al Hameli - CEO

Eyad Al JamalManaging Partner

03

Our Team

Fast Quality Service fast quality service is our objective with a view to create a deep touchable impression to our clients, we spare no stones unturned with high professionalism, loyalty to

04

Our services

Dear Valued Partners,

- Assist our clients to recognize and identify the “insurable risks”

- Design the widest possible wording for these risks in order to

- Provide our clients with the analyzed lowest possible rates for

- Consultations in terms of contracts and policy wording to ensure

- Consultations in terms of HAAD BY LAW and the Insurance

- Apply our security in making sure that the documents issued

- Be on their side at the time of any losses and make sure that their

- Follow up on claims to ensure that our clients receive their rightful

- Follow up on day to day transactions such as initial, addition,

transfer the entire exposures.

transfer of these risks from local and international markets

high protection for our client’s benifits.

Authority rules.

by the insurers actually are as per our joint expectations andrequirements.

personnel abide by the conditions of the insurance policies tosubmit the right documents to insurers.

on the agreed time.

deletion, lost and correction on medical cards, credits and debits etc. (electronically).

05

Our Products

- Standard Fire and Perils.- Property All Risk- Office Package- Business Interruption (Fire)- Burglary- Deterioration Of Stock- Plate Glass- Public Liability- Product Liability- Professional Indemnity- Director and officer Liability- Workmen’s Compensation- Employers Liability - Miscellaneous Accident- Livestock and bloodstock- Kidnap and Ransom

- Money- Fidelity Guarantee - Bankers Blanket Bond- Credit Insurance - Contractor’s All Risk and Erection All Risk - Electronic equipment - Machinery breakdown- Marine Hull- Marine Cargo- Marine Liability- Protection & Indemnity- Good In transit- Pleasure Craft- Motor - Medical Insurance - Group personal Accident and Life.

06

Scope of WorkRENEWAL OF EXISTING INSURANCE PROGRAM AND PLACEMENT OF NEW INSURANCE POLICIES:

Comprehensive and professional analysis of the existing insurance policies with regards to the wordings, endorsements, schedules, special terms and conditions and adequacy of sums insured and to ensure that these are in line with international standards and practices, the analysis will include policies Products.

07

Contract Review

AnnualInsurance

Review

Review of insurance provision in various contracts to be entered in by the client including review and comment on all parties’ rights and obligations in relation to insurance, considering commercial aspects of the transaction, the agreed risk allocation between the parties, appropriate levels of indemnity and UAE insurance legislation and regulations. For each contract we would propose drafting on insurance related clauses and to review policies taken out by M/s the client counterparties in line with the international practice in this respect and to ensure compl iance with contractual obligations.The type of contracts in question include, but are not neessarily limited to, construction contracts, facility management contracts, professional services agreements, concession agreements, lease agreements and minor works contracts

Review the client assets and activities on an annual basis and identify any gaps in relation to existing insurance coverage (for example, non-existing insurance policies and/or inadequate provisions in current policies and contracts). To perform the review, the undertaking of documentation reviews, interviews with staff (and possibly other stakeholders) and inspections of relevant locations across UAE.The review will be concluded in a report submitted to the client which identifies the gaps, recommends remedial action and provides estimates for budgeting purposes of the premium costs, Un-insurable risks shall be identified with recommendations for mitigation. The report should also highlight relevant main trends and developments in the insurance industry that are of relevance to the client.

08

Claims Management

Preparing Claim’s files including all documentary information to be submitted to the insurance companies and entering into joint negotiation for claim’s settlement and coordinating with the client for the collection of claims funds from insurance companies

Renewal of Existing Program

We will be following the renewal tendering process where we bear the full burden of preparing all necessary and relating documents formatted in a very professional manner to be tendered in the market for quotations. This process will be in full cooperation with the client concerned staff represented by the Financial Manager and Operation Manager or any other staff in relevant field of operation and experience by holding 3-5 extensive meetings tackling all relating issues with the intention of having the permission of the client to go ahead with the information repaired. We will be taking the following steps in this regard:

- Tendering the insurance requirements to at least five insurance companies giving

- Analyzing their replies in a very comprehensive manner and also stating our - Following up issuance of policies with the recommended company and ensuring full

specific deadlines for them

comments and recommendations for your consideration and approval

compliance with tender documents and quotations.

09

We confirm maintaining all information provided by the Company to us relating to the Company’s business and operation as strictly confidential and shall not disclose the information to third party(s), except as required for the performance of the our obligations as your consultants, without the Company’s prior written consent.

CONFIDENTIALITY AND SAFEGUARDING OF INTERESTS

B I B

10

www.alberwazinsurance.com