Allied Insurance Company of the Maldives was established in 1985 as a joint venture Company between State Trading Organization and Commercial Union Assurance Company of the United Kingdom. In its early years, State Trading Organization bought back the shares and the company continued operations with local ownership and management. Allied has had tremendous growth over the past years, both in terms of the volume of business and profitability.
The strength and success of Allied Insurance as the leading insurance company in Maldives is the result of their experience, innovative products and excellent service. Over the years, the company has successfully ventured into areas including general insurance, Islamic insurance and life insurance.
Allied Insurance has a local management and with its in-depth knowledge of the local market is well placed to serve the various type of risks in the Maldives. Many of the corporate businesses in Maldives are among their clients.
In the international reinsurance market, Allied Insurance is supported by the world leading reinsurers and Allied works in close partnership with these companies, in order to give more professional service to the Maldivian market. Allied's major reinsurers include the biggest names in the reinsurance world.
Allied Insurance is supported by the world leading reinsurers and Allied works in close partnership with these companies:
- Swiss Re
- Munich Re
- Hannover Re
- SCOR Re
- Berkshire Hathaway
The local insurance market is in a process of rapid change and Allied has continuously met the growing needs of the market. As business activities expand and our customers venture into new areas, Allied supports them by providing protection to match their special needs.
Allied takes special interest in supporting investments made by individuals and small businesses regardless of the business sector.
As market leader, Allied assumes responsibility for healthy development of the Maldivian insurance market and will be at the forefront of all efforts to improve transparency and set new standards of service, for the benefit of the industry and the Maldivian economy as a whole.
