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Allied Insurance
CEO / MANAGING DIRECTOR Mohamed Shafaz 1984 205 Insurance
99.9987% STO
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0.0007% Maldive Gas
Allied Insurance Company is the leading and largest insurance services provider offering total solutions with a comprehensive range of general and life insurance and takaful services throughout the Maldives. Allied Insurance Company was founded in 1985 as a joint venture between Commercial Union Assurance Company, UK, and State Trading Organization, the nationwide leader of all commercial activities in Maldives. In early 1987, STO purchased Commercial Union Assurance’s shares, establishing Allied Insurance as a subsidiary of the organization. Today, the company is one of the largest financial institutions and the most prominent insurance brand in the country, contributing to the country’s growth and development. Allied has experienced tremendous growth in terms of both volume and profitability over the past decades.