Company Profile 2016
WATANIA Ins Co. 50’s year anniversary One of the leaders Life & Non-life insurance
About National Insurance Co. • National insurance Co. was established 1965 in Jordan by a group of prominent businessmen to provide distinguished insurance services to the public and private sectors in this highly specialized business environment.
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We deal with the World’s Largest top Rated Reinsurers mainly Swiss Re & Munich Re providing the highest level of security to our clients.
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We are a customer-centric company, with a strong-minded focus on service. We put our long-term client relationships at the heart of our business, providing excellent customer service and unique convenience is our non-negotiable objective.
Vision
Mission
Philosophy
Vision
dedicated to become one of the leading regional insurance provider of Life & non-life insurance with the highest degrees of customer utility. We envisage ourselves as first insurance providers through partnerships with the most solid international reinsurance partners.
Mission
to be the most successful insurance co. in Jordan by delivering tailor-made insurance and risk management solutions combined with a pleasant workplace and supreme blend of pro and growth
Philosophy
We are committed to adding value to all our clients and associates. We believe in long term relationships and will seek to have solid partnerships with each of our clients and associates, based on exclusivity, mutual trust, transparency and quality of service.
L ines of Bus ines s
Medical & Life Insurance Travel Insurance Motor Insurance General Accident Insurance Engineering Insurance Marine Insurance Property Insurance
Property Insurance Providing indemnity for material damage to the insured property resulting from various perils such as Fire, Lightning, Aircraft, Explosion, Earthquake, Strike, Riot, Civil Commotion, Malicious Damage, Storm, Tempest, Flood, Earthquake Bursting or Over owing of Water Apparatus (including Sprinkler Leakage), Impact by Own Vehicles, Theft or Attempted Theft (by violent and forcible entry to or exit from the premises) and Accidental Loss or Damage. Various Polices Available to cater for various budgets & Insurance Requirements:
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Fire & Allied Perils Insurance Burglary
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Plate Glass
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Property All Risks
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Political Violence including Terrorism Business Interruption
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Home Guard & Business Guard Policies
Marine Insurance National Insurance provides it’s clients with exceptional Marine Insurance through a dedicated Marine Department that offers the following types of Insurance:
Cargo: cover loss or damage of goods transited by air, sea or road. We can provide tailor made Marine Cargo policies to match particular business needs. Hull: concerns the insurance of all types of Vessels against Total, Partial Losses & Liability
Engineering Insurance National Insurance is equipped with an engineering team that can offer Insurance & Risk Management solutions to various lines of Engineering Insurance such as:
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Contractor’s All Risks- CAR Erection All RisksEAR
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Plant & Machinery Insurance Machinery Breakdown
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Electronic Equipment Insurance Deterioration of Stock DOS
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Contingency Insurance
General Accidents Insurance The Umbrella for various General Risks for Individuals and for Organizations; With our solid relations with the Reinsurance Market we can tailor-made solutions for highly complex risks. •
Group & Personal Accidents
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Public & General Liability
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Workmen Compensation
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Fidelity Guarantee
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Money Insurance
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Banker’s Blanket Bond
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Professional Indemnity
Motor Insurance Under our full- edged Motor Insurance section; We operate two highly successful covers set as follows: (PLUS other Value Added Covers)…
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Material Damage: Providing Indemnity for loss or damage to the insured vehicle, its accessories, and spare parts caused by accidental collision or overturning burglary or theft malicious act of any third party.
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Third Party Liability TPL: Compensation towards insured’s and or driver’s Legal Liability to Third Parties arising from the use of the insured vehicles in respect of Death & Bodily Injury including Passengers & Third Parties.
Travel Insurance Travel Insurance is a product specifically designed to suit the needs of individuals, executives and other staff or laborers who are required to make frequent trips outside the country. Our products cover the following:
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Worldwide Coverage of Medical & Hospitalization Cases.
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Loss of Baggage Repatriation
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Repatriation of the corpse upon death of beneficiary
Medical & Life Insurance Medical Insurance individual & group Our medical insurance plans have been designed to ensure total and comprehensive coverage to suit the needs of our valuable clients. In addition to our Individual and Family plans, our services cater for corporate needs as well.
Life Insurance A-Term Life Insurance / Individual : This is the simplest and least expensive form of life insurance. It is purely a life insurance policy without an investment segment, very suitable for business men. B- Group Life Insurance: Life insurance can be tailored to the satisfaction of corporate’s and companies who seek to offer it as an incentive to enhance loyalty of their employees. With 24 hours coverage; any company can insure the lives of their employees in case of death due to any cause.
Management Team
Board of Directors Mr. Munjed Munir Sukhtian Chairman
Mr. Mohammed Bahjat Belbeisi Vice chairman Mr. Makram Khalil Qubain Member Mr. Ibrahim Kareem Naouri Member
Mr. Duraid Moh’d Mahasneh Member Mr. George Emil Haddad Member Mr. Bassam Moh’d Al-Sabbagh Member
Board of Directors
Audit Committee
External Audit
Internal Audit
General Manager
Deputy G.M.
Assistant G.M. Technical
Motors
Production
Claims
Assistant G.M. Medical & Life
Assistant G.M. Financial & Administration
Supporting Depts.
Medical Dept.
Accounting Dept.
Legal Dept.
Life Dept.
Collection Dept.
IT Dept.
Investments Dept.
Business Development
Marketing
Marine HR Fire – Eng – G.A.
Claims Dept. Marine, Fire, Eng, & G.A.
Reinsurance
Risk Management
Administration Office
Portfolio Liability; 591893 Life; 396273 Medical; 4287893 Fire; 2945664 Marine; 1220045
Motor; 10112750 Total Premium 19,554,518 JOD
Our reinsurance partners
Our Major Clients
Our Major Clients Hospital & Pharmaceutical
Educations
The university of Jordan Yarmouk university Hikma pharmaceuticals PLS Phaldliphia pharmaceuticals Co Modern System Schools Jordan university of science Sabbagh drug store and technology United pharmaceuticals Jordan University Hospital JPM Governmental
Industrial
NEPCO Ministry of industry and trade King Abdulla hospital
Munir Sokhtian group Nippon Jordan fertilizer co Emar Real Estate Development Halawani industrial The National press METCO
Banks Audi bank International Cards
Motor Agency Tawfiq Gharghour Central trade & Auto Co. (TOYOTA)
Shipping Al Naouri Group Arab Bridge for Shipping
Hotels Le meridian Amman Sheraton hotel ORYX
Now that you are well informed it is time to take action whether you need homeowner or renters insurance for your home, auto insurance for your car , life insurance to secure your way of life , health insurance to keep you healthy , property and liability insurance to protect your assets, we can help you to find what you need.
Thanks to all of our customers who continue to place their trust in National Insurance Co.
WATANIA We are looking forward to continuing servicing your insurance needs for many years come.
Head Quarters Shimisani - Said Qutob st. Near Bahrain Embassy Phone +962-6-568 1 979 Fax +962-6-568 4 900 P.O.Box 6156 Amman 11118 Jordan Email info@natinsurance.jo www.natinsurance.com.jo