Business

Allied Insurance issues more than USD7 million as damage claims

Allied Insurance Company of the Maldives has issued more than USD 7,649,932 to customers as damage claims in 2017. Statistics released by Allied Insurance company showed that over USD1 million were issued as damage claims during December.

Allied insurance is the first company to introduce insurance services to Maldives and was formed as a joint venture between Commercial Union Assurance Company of UK and State Trading Organization (STO) in 1985.

Throughout the years, Allied Insurance has become one of the largest insurance service providers in the Maldives.