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Reading: Continental Group reports 26% insurance premium growth in 2024, expanding total active insurance coverage to $6.9bn
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Home » Blog » Continental Group reports 26% insurance premium growth in 2024, expanding total active insurance coverage to $6.9bn
UAE

Continental Group reports 26% insurance premium growth in 2024, expanding total active insurance coverage to $6.9bn

Aisha Al Habibi
Aisha Al Habibi
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Continental Group, a provider of financial services and intermediaries of leaders based in the EAU, reported a 26 percent jump on premiums in 2024 to reach $ 124 million from $ 98 million in the previous year.

The total coverage of the company for life customers grew 5 percent last year, adding $ 800 million to the existing coverage.

The firm said that it now has almost $ 6.9 billion in active life coverage under administration, reinforcing its position as a trusted partner in heritage and insurance management solutions in the Middle East.

“Continental Group’s legacy is a story of thousands of thousands or safeguarded families, the aspirations converted into reality and three decades of trust obtained in the Middle East,” said Ashok Sardana, founder and managing director“ Continental Group

The firm said that its role in obtaining financial stability was underlined for $ 7.4 million in claims processed in 2024, including $ 3.2 million in non -engines claims, $ 2.4 million in motor claims and $ 1.7 million.

The company said its growth was driven by a more clear approach in personalized financial strategies, cross -border wealth structuring and an evolving approach to customer relations for life.

Continental said that his next phase of growth will see it integrating solutions driven by technology and deepen customer participation.

The firm plans to expand the size of its team by 20 percent, strengthening its advice division with specialized heritage administrators and financial advisors, while creating roads for new entrants to the industry through structured training and development programs.

It will also accelerate its digital transformation by introducing advances promoted by AI in cyber security, automation and portfolio management to improve safety and provide real -time information for customers and advisors, the company said.

“We have been building a framework that guarantees financial security in all generations. As we advance, transparency and a client approach will first remain in the center of everything we do,” said Akshay Sardana, SEO, deferred CFSS.

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