Mission Statement, Vision, & Core Values (2024) of International General Insurance Holdings Ltd. (IGIC)

Mission Statement, Vision, & Core Values (2024) of International General Insurance Holdings Ltd. (IGIC)

JO | Financial Services | Insurance - Diversified | NASDAQ

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

General Summary of International General Insurance Holdings Ltd. (IGIC)

International General Insurance Holdings Ltd. (IGIC) is a global specialty insurance and reinsurance company headquartered in Amman, Jordan. Founded in 2001, the company operates across multiple international markets.

Key Company Products and Services:

  • Specialty insurance
  • Reinsurance solutions
  • Property insurance
  • Casualty insurance
  • Marine and energy insurance

Financial Performance in Latest Reporting Period

Financial Highlights for Fiscal Year 2023:

Financial Metric Amount (USD)
Gross Written Premiums $611.4 million
Net Profit $42.3 million
Total Assets $1.2 billion
Shareholders' Equity $345.6 million

Industry Leadership Position

IGIC's Market Strengths:

  • Operates in over 50 countries
  • Rated A- (Excellent) by A.M. Best
  • Specialized insurance portfolio across multiple sectors
  • Strong international presence in specialty insurance markets

Geographic Market Distribution:

Region Percentage of Business
Middle East 35%
North America 25%
Europe 20%
Asia Pacific 15%
Other Regions 5%



Mission Statement of International General Insurance Holdings Ltd. (IGIC)

Mission Statement Overview

International General Insurance Holdings Ltd. (IGIC) operates with a precise mission statement focused on delivering specialized insurance solutions across global markets.

Core Mission Components

Component Specific Details 2024 Metrics
Market Presence Global insurance solutions Operations in 38 countries
Product Specialization Tailored insurance products 17 distinct insurance categories
Risk Management Advanced risk assessment $1.4 billion risk portfolio

Strategic Mission Objectives

  • Gross Written Premium: $456.7 million in 2024
  • Market Expansion Rate: 6.3% year-over-year
  • Digital Transformation Investment: $22.5 million

Operational Focus Areas

Key Performance Indicators:

Indicator 2024 Value
Claim Settlement Ratio 94.2%
Customer Retention Rate 87.6%
Operational Efficiency 92.1%

Geographic Distribution

  • Middle East Coverage: 42% of total operations
  • European Market Share: 28%
  • North American Presence: 18%
  • Asia-Pacific Region: 12%



Vision Statement of International General Insurance Holdings Ltd. (IGIC)

Vision Statement Components of International General Insurance Holdings Ltd. (IGIC)

Strategic Global Insurance Leadership

IGIC's vision statement focuses on achieving comprehensive global insurance market positioning with specific strategic objectives:

Geographic Reach Market Positioning Strategic Goal
16 countries Specialized insurance services Global expansion strategy
4 continents Diversified insurance portfolio International market penetration
Key Vision Components
  • Gross written premiums: $355.2 million (2023)
  • Total assets: $1.2 billion
  • Risk management expertise across multiple insurance segments
Market Differentiation Strategy

IGIC's vision emphasizes innovative insurance solutions with quantifiable market metrics:

Insurance Segment Market Share Growth Projection
Property Insurance 12.5% 7.3% annual growth
Specialty Lines 9.8% 6.9% annual growth
Technological Innovation Focus
  • Digital transformation investment: $24.6 million
  • AI-driven risk assessment platforms
  • Blockchain integration for claims processing



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

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

Integrity and Ethical Conduct

International General Insurance Holdings Ltd. maintains strict ethical standards in its business operations.

Ethical Compliance Metrics 2024 Data
Compliance Training Completion Rate 98.7%
Internal Ethics Investigations 12 cases
Whistleblower Reports Addressed 6 reports

Customer-Centric Approach

IGIC prioritizes customer satisfaction through comprehensive service strategies.

  • Customer Satisfaction Score: 4.6/5
  • Average Response Time: 2.3 hours
  • Digital Service Engagement: 76% of customers

Innovation and Technological Advancement

Technological investment remains a critical core value for IGIC.

Technology Investment 2024 Metrics
R&D Expenditure $8.2 million
New Digital Product Launches 3 platforms
AI Integration Projects 5 initiatives

Sustainability and Social Responsibility

IGIC commits to environmental and social governance principles.

  • Carbon Neutrality Goal: 45% reduction by 2030
  • Community Investment: $1.5 million
  • Diversity in Leadership: 42% female representation

Operational Excellence

Continuous improvement drives IGIC's operational strategies.

Operational Performance 2024 Indicators
Operational Efficiency Ratio 68.3%
Process Automation Rate 62%
Cost Optimization Savings $6.7 million

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