Our Latest News


NEW Achievements:

Market Ranking:
AROPE stood strong in spite of the challenges and ranked 5th in total Life and Non-Life segments during 2010 generating premiums of USD 91.88 million.  AROPE's Non-Life premiums grew by 15.60% to reach USD 55.34 million with a market share of 6.85% and its Life premiums registered a growth of 9.90% capturing 10.54% of the market share.


AOL and TA3LEEM Dividend Distribution:
AROPE Life investment products achieved good results in 2010. Hence, AROPE credited all AROPE Retirement Plan (AOL) and AROPE Education plan (TA3LEEM) USD policies a 6.5% rate of return instead of the guaranteed of 5.25%.


New Structured Investment Product: “Tayseer 7”
In a joint effort with BLOM Bank, AROPE launched a new series of structured investment products labeled “Tayseer 7”. 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.


Regional Presence:

AROPE Syria achieved good results in 2010 in spite of the growing competitive environment. The Syrian Insurance Sector which includes 13 companies is rapidly developing, hence registering a 31.55% growth rate compared to 2009. AROPE Syria followed trend, and registered Net Profits of USD 2.9 million marking an increase of 87% compared to 2010 and an 80% increase in total production, pushing AROPE Syria to the 2nd place among 12 privately ran companies. AROPE Syria sound management strategy and Bank of Syria and Overseas (BSO)'s continuous support were positively reflected on the company overall performance.