2007A year for all achievements s.a.l.
Sales Structure:Arope developed a new sales structure that has been conceived to tackle the markets demands and channel all insurance products to the consumers. It is divided into section: brokers relations and exclusive agents.
Arope Open Life (AOL): Arope life investment product achieved good results in 2007. Hence, AOL Policyholders were granted a rate of return of 7.10% on their life contracts in USD instead of the minimum guaranteed rate of 5.50% for the first year.
Win@Arope: Following the success of Arope Open Life (AOL), Arope launched win@arope , a Life insurance / investment program through which 1000 life policies were issued, for $5000 each during a period of five years. By subscribing to one or more life policies, the clients secured full protection and an opportunity to win USD 50,000.
Tayseer 4: In a joint effort with BLOM Bank, Arope launched a series of structured investment products labeled Tayseer 4. These products respond to the needs of those looking to invest their money in varied, medium-term investment vehicles with guaranteed rate of return, while providing an element of protection, namely life insurance, and serving as a complete multi-purpose financial package.
Arope Syria: With a fully paid capital of Syrian Pound 1 Billion, Syria International Insurance Company (Arope Syria) was the third private insurance company which has been granted the approval and license to operate in Syria by the Ministry of Finance. Operating since July 2006 in the Syrian market, it has achieved good results compared to its counterparts. The company grew and expanded in terms of geographical coverage, new products development and human resources.
Arope Egypt: Arope Insurance, member of BLOM Bank Group, was granted primary approval from the Egyptian Insurance Supervisory Authority to establish 2 insurance companies, Arope Egypt for Life Insurances and Arope Egypt for Property Insurances. This event is of utmost importance, given that these 2 companies will be first to enter Egypts commercial insurance sector, where the demand has been for a long time restricted to the establishment of cooperative insurance companies.