Group Strategic Objectives
Operational Directions
Auto Insurance
- Improve profitability through data‑driven pricing and treaty optimization.
- Focus on embedded products, electric vehicles, and underperforming lines (e.g., TPL).
- Enhance customer experience via automation and simplified renewals.
Accelerate P&C Growth
- Utilize strong treaty capacities to grow casualty, cyber, PV, CAT, and cargo lines.
- Leverage regional broker channels to drive scale.
Reposition the Life Business
- Strengthen Group Life and bancassurance.
- Review Individual Life and Unit‑Linked products for repositioning.
RI Optimization / Product Mix
- Leverage Fairfax capabilities to enhance reinsurance treaties and capacities.
- Balance product mix with a focus on P&C, Marine, Specialty Lines, Extended Warranty, and Cyber.
- Strengthen technical expertise across the Group.
Medical Insurance
- Enhance the regional medical network and operating model.
- Drive digitalization (AI, pricing tools, fraud detection).
- Expand services including EB management, chronic care, telemedicine, and pharmacy benefit management.
Promote Regional Broker Proposition
- Expand regional health and P&C offerings for brokers.
- Deepen engagement through events and partnerships.
Organizational Excellence
People & Culture
- Promote diversity and inclusion across the Group.
- Enhance talent management, performance, and succession planning.
- Strengthen employee engagement through secondments, hybrid work, coaching, and mentoring.
- Introduce ESOP and track progress via NPS.
Operational Excellence
- Execute Group reorganization and SOX implementation.
- Optimize tax structure and expense allocation.
- Strengthen governance through enhanced Board composition and executive reporting.
Digitization & Data Analytics
- Finalize and upgrade of core systems across markets.
- Elevate data analytics capabilities and secure digital infrastructure through robust cybersecurity practices.
- Transform customer and sales channels experience through digital transformation.
Inorganic Growth
- Reinforce leadership position within existing markets through opportunistic acquisitions and portfolio consolidations.
- Geographical expansion to new markets or new segments within MENA.
- Develop partnerships with Insurance related services.
Assurance, ERM & Governance
- Digitalize assurance functions and prioritize cybersecurity and data privacy.
- Reinforce risk management with a focus on capital, reinsurance, catastrophe, cyber, and emerging risks.
Brand & Marketing
- Implement unified brand and communication strategies.
- Strengthen market presence through campaigns, conferences, and community initiatives.
Group‑wide ESG Integration
- Launch the first Group‑wide environmental program and GHG accounting.
- Integrate ESG and climate risk into ERM.
- Streamline ESG reporting and disclosure.