Insurance Agency Investment Opportunity in Dubai, United Arab Emirates
|Employees||50 - 100|
|Legal Entity||Limited Liability Company (LLC)|
|Reported Sales||USD 6 - 7 million|
|Run Rate Sales||USD 3.3 million|
|EBITDA Margin||8 %|
|Local Time||12:15 PM Asia / Dubai|
|Listed By||Management Member|
We are exclusive partners with Etisalat for lead generation and deal closures. We have a substantial retail and corporate portfolio of more than AED 100 million in gross written premiums. We have about 6,000 corporate clients and our commission ranges between 5-40% across all products. We are registered with the Central Bank of the UAE (CBUAE) as well. Although our sales have gone down we have optimized operations and increased our net profit margin in the last 2 financial years.
Motor insurance, health insurance, and general insurance products for both corporate and retail clients.
Motor insurance is the top-selling product in terms of revenue and the maximum share of that comes from retail clients. Health insurance products are the top-selling among corporate clients.
- Interiors worth AED 213,222.
- Fixtures and furniture worth AED 666,405.
- Office equipment worth AED 236,899.
- Motor vehicles worth AED 32,910.
- Technology stack for end-to-end insurance processing worth AED 2.15 million.
We have two rented offices at Al Nasr Plaza commercial building in Oud Metha, Dubai.
Presently all the funding comes from the owner. The owner holds 98% of the company with the remaining 2% with the local partner. There are only two partners at present.
Earlier than 15 daysStrategic Advisor, Non-profit Organizations, Dubai, Individual Investor / Buyer connected with the Business
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
Earlier than 15 daysPresident, Real Estate & Automotive, Winchester, Corporate Investor / Buyer connected with the Business