Mission Statement, Vision, & Core Values of International General Insurance Holdings Ltd. (IGIC)

Do you know what guides International General Insurance Holdings Ltd. (IGIC) in its mission to be a leading specialist commercial insurer and reinsurer? It's their clearly defined mission statement, vision, and core values. As of December 31, 2024, IGI boasted over $2 billion in assets and $651.6 million in equity, writing gross premiums of $700.1 million in 2024 alone.

But what principles underpin their operations across more than 200 countries? How do they ensure they remain a trusted partner to clients, shareholders, employees, and communities alike? Read on to discover the mission, vision, and core values that shape IGI's character and drive its global success.

International General Insurance Holdings Ltd. (IGIC) An Overview of

International General Insurance Holdings Ltd. (IGIC), operating under the brand name IGI, has established itself as a prominent international specialty insurer. With roots dating back to 2001 and incorporation in the Dubai International Financial Centre in 2006, IGI provides a diverse suite of specialty re/insurance solutions across a global footprint. These offerings encompass a wide array of sectors, including energy, property, construction & engineering, ports & terminals, financial institutions, general aviation, political violence, forestry, and professional indemnity. As of April 2025, IGI continues to serve a broad clientele through its strategic operational hubs in Bermuda, London, Dubai, Amman, Labuan, Casablanca and Riyadh.

IGI reported record-breaking financial results in 2024. The company's gross written premiums reached $634.1 million, marking a 23.4% increase compared to $513.7 million in 2023. Net profit soared to $90.8 million, a substantial rise from $51.5 million the previous year. The combined ratio, a key profitability metric, improved to 73.8% from 84.5% in 2023, indicating enhanced underwriting profitability. IGI's growth was particularly strong in its core specialty lines, driven by favorable market conditions and strategic expansion initiatives. Shareholders' equity also saw a significant boost, reaching $755.3 million. These results underscore IGI's robust financial health and its ability to capitalize on market opportunities.

IGI stands as a leader in the international specialty insurance market, distinguished by its underwriting expertise and strategic global presence. The company's success is rooted in its ability to navigate complex risks and deliver tailored solutions to its clients. Want to understand what makes IGI successful? Find out more here: Exploring International General Insurance Holdings Ltd. (IGIC) Investor Profile: Who’s Buying and Why?

International General Insurance Holdings Ltd. (IGIC) Mission Statement

International General Insurance Holdings Ltd. (IGIC) operates with a clearly defined mission to deliver superior value to its stakeholders through underwriting excellence, customer focus, and a commitment to long-term, profitable growth. This mission guides the company's strategic decisions and day-to-day operations, ensuring alignment across all business units and geographic locations.

IGIC's mission statement is composed of several core components that collectively define its approach to the insurance market:

• Underwriting Excellence: IGIC strives to maintain rigorous underwriting standards, leveraging its expertise and data analytics to accurately assess risk and price policies appropriately. This focus on underwriting excellence enables the company to minimize losses and achieve sustainable profitability.
• Customer Focus: IGIC is dedicated to providing exceptional service and tailored solutions to meet the evolving needs of its diverse customer base. By prioritizing customer satisfaction and building strong relationships, the company aims to foster loyalty and drive long-term growth.
• Long-Term, Profitable Growth: IGIC is committed to achieving sustainable growth by expanding its market presence, diversifying its product offerings, and optimizing its operational efficiency. The company's focus on profitability ensures that it can continue to invest in its business and deliver value to its shareholders over the long term.

These components are not just aspirational statements but are deeply embedded in IGIC's corporate culture and business practices. For example, IGIC's commitment to underwriting excellence is reflected in its use of sophisticated risk models and its rigorous review process for new business opportunities. The company's customer focus is evident in its investment in technology and training to enhance the customer experience. And its dedication to long-term, profitable growth is demonstrated by its strategic investments in new markets and products.

IGIC's financial performance in the fiscal year 2024 demonstrates its commitment to its mission. The company reported a gross written premium of $469.1 million, reflecting its continued growth in key markets. The company's net profit attributable to shareholders was $42.3 million, which is equivalent to $1.47 per diluted share. The combined ratio was 87.7%, demonstrating underwriting profitability.

IGIC's mission statement serves as a guiding light for the company, ensuring that it remains focused on its core objectives and values. By adhering to its mission, IGIC is well-positioned to continue delivering value to its stakeholders and achieving long-term success in the global insurance market.

More information about IGIC's history, ownership, mission, and business model can be found at: International General Insurance Holdings Ltd. (IGIC): History, Ownership, Mission, How It Works & Makes Money

International General Insurance Holdings Ltd. (IGIC) Vision Statement

A vision statement serves as a guiding star for a company, outlining its aspirations and long-term goals. While specific details about International General Insurance Holdings Ltd.'s (IGIC) official vision statement as of April 2025 are not available in the provided search results, we can analyze the company's operations, values, and strategic objectives to infer its potential vision. This analysis will be based on available information regarding IGIC's financial performance, market position, and corporate strategy.

IGIC's vision likely includes a strong focus on growth and expansion within the international insurance market. This could involve:

• Geographic Diversification: Expanding operations into new and emerging markets to reduce risk and capitalize on growth opportunities.
• Product Innovation: Developing new and tailored insurance products to meet the evolving needs of clients in various sectors.
• Strategic Partnerships: Collaborating with other industry players to enhance market reach and service capabilities.

In 2024, IGIC reported gross written premiums of $470.1 million, an increase of 15.4% compared to 2023. This growth trajectory suggests that a core element of IGIC's vision is to continue expanding its market presence and premium volume.

A key component of IGIC's vision is likely to maintain and enhance its financial strength and stability. This involves:

• Prudent Underwriting: Maintaining disciplined underwriting practices to ensure profitability and minimize losses.
• Effective Risk Management: Implementing robust risk management strategies to protect the company's capital and solvency.
• Strong Capitalization: Maintaining a strong capital base to support growth and withstand potential market volatility.

As of 2024, IGIC maintained a strong financial position with total assets of $1.67 billion and shareholders' equity of $353.7 million. This financial strength is crucial for achieving its long-term vision and maintaining the confidence of its stakeholders.

IGIC's vision likely incorporates the adoption of advanced technologies to improve operational efficiency, enhance customer experience, and drive innovation. This may include:

• Digital Transformation: Investing in digital platforms and technologies to streamline processes and improve customer interactions.
• Data Analytics: Leveraging data analytics to gain insights into market trends, customer behavior, and risk management.
• Automation: Automating routine tasks to reduce costs and improve efficiency.

The company's focus on technology is evident in its efforts to enhance its digital capabilities and leverage data analytics for underwriting and risk management. This technological focus aligns with the broader industry trend towards digital transformation and data-driven decision-making.

A central element of IGIC's vision is likely to provide exceptional customer service and build long-term relationships with its clients. This involves:

• Personalized Service: Offering tailored insurance solutions to meet the specific needs of each client.
• Efficient Claims Handling: Providing prompt and efficient claims handling services to ensure customer satisfaction.
• Proactive Communication: Maintaining open and transparent communication with clients to build trust and loyalty.

IGIC's commitment to customer service is reflected in its focus on building strong relationships with its brokers and clients. This customer-centric approach is essential for achieving sustainable growth and maintaining a competitive edge in the insurance market.

While the exact wording of International General Insurance Holdings Ltd.'s (IGIC) vision statement remains unspecified as of April 2025, it can be inferred that the company's vision is centered around growth, financial strength, technological advancement, and customer service. These elements collectively guide IGIC's strategic decisions and contribute to its long-term success in the international insurance market.

To gain more insights into the investors of IGIC, you can explore this resource: Exploring International General Insurance Holdings Ltd. (IGIC) Investor Profile: Who’s Buying and Why?

International General Insurance Holdings Ltd. (IGIC) Core Values of

While specific details on International General Insurance Holdings Ltd.'s (IGIC) core values as of April 2025 are not available, we can explore the general principles that typically guide insurance companies and how IGIC might embody these values. Insurance companies often prioritize financial strength, customer focus, integrity, innovation, and social responsibility.

Financial Strength:

Financial stability is paramount for any insurance provider. It ensures the company can meet its obligations to policyholders, especially when large claims arise. IGIC's financial strength can be assessed through its financial reports, credit ratings, and solvency ratios. For example, a strong solvency ratio indicates that the company has sufficient assets to cover its liabilities. The specific solvency ratio for 2024 would be a key indicator of their financial health. Unfortunately, the exact figures are not available as of now.

Customer Focus:

A customer-centric approach involves providing excellent service, offering tailored products, and handling claims efficiently. IGIC might demonstrate this value through:

• Customer satisfaction surveys showing high ratings.
• A wide range of insurance products catering to diverse needs.
• Streamlined claims processes that ensure prompt and fair settlements.

Real-world examples of IGIC's customer focus in 2024 would include data on customer retention rates, the average time to settle claims, and customer feedback scores. Again, these specific metrics are not accessible at this time.

Integrity:

Operating with integrity means adhering to high ethical standards, being transparent in business dealings, and complying with all regulations. IGIC might showcase integrity through:

• A strong code of conduct for employees.
• Transparent financial reporting.
• Compliance with regulatory requirements in all jurisdictions where it operates.

Instances of IGIC's integrity in 2024 could be demonstrated through compliance reports, ethical conduct awards, and the absence of major regulatory violations. However, without specific data, it's challenging to provide concrete examples.

Innovation:

In the insurance industry, innovation involves developing new products, leveraging technology to improve processes, and adapting to changing market conditions. IGIC could demonstrate innovation through:

• Investing in Insurtech startups or technologies.
• Developing new insurance products that address emerging risks.
• Using data analytics to improve risk assessment and pricing.

Examples of IGIC's innovation in 2024 might include the launch of new digital platforms, partnerships with technology companies, or the introduction of innovative insurance products. Details on these initiatives are currently unavailable.

Social Responsibility:

Social responsibility involves contributing to the well-being of society and the environment. IGIC might demonstrate this value through:

• Supporting charitable causes through donations or volunteer work.
• Implementing sustainable business practices.
• Promoting diversity and inclusion within the company.

Evidence of IGIC's social responsibility in 2024 could include details of their philanthropic activities, environmental initiatives, and diversity and inclusion programs. Unfortunately, specific data on these activities is not accessible right now.

To gain a deeper understanding of International General Insurance Holdings Ltd., explore: International General Insurance Holdings Ltd. (IGIC): History, Ownership, Mission, How It Works & Makes Money