Nexus posts 35pc insurance sales growth
Manama, December 13, 2010
Nexus, the region's largest independent insurance brokerage, has seen an average 35 per cent year-on-year growth in life, savings and general insurance sales in 2010.
The impressive growth in the life and savings business was 33 per cent year to date - complemented by a 42 per cent growth in general insurance (GI) business, according to figures presented at the company's annual general meeting in Bahrain.
'Nexus is striding forward after a demanding 2009 when many companies succumbed to the credit crisis,' said Nexus deputy chief executive officer Tarun Khanna.
'We have seen strong growth in 2010 across all our businesses and I am very excited about 2011 which I anticipate is going to be a great year for Nexus.
'We are more prepared, more knowledgeable, we have a greater talent base, and we are investing more than ever in training for our people, all of which will enhance the services we offer to our clients.'
'The general insurance side of the business is up and proving very strong.
'We now have 310 financial consultants working across the GCC and 20 plus of the world's top insurance providers on board, and we are looking to increase our presence within the GCC in the next few years.'
In July, Nexus was presented with the Best Takaful Brokerage Award at the International Takaful Summit in London in recognition of its professional service to clients requiring Sharia-compliant products.
'Nexus is a very responsive and ethical organisation that cares about giving quality advice to all its clients,' he said.
'Winning the Takaful award is recognition that as a company we are ready, and able, to embrace all forms of financial and insurance services to provide our clients with exactly what they want, to fulfil their individual needs,'
Nexus has offices in Bahrain, Dubai, Abu Dhabi and Doha and has plans for future expansion across the region in the coming year.-TradeArabia News Service