In a testament to its unwavering commitment to its policyholders, Allied Insurance Company of the Maldives proudly announced a remarkable achievement for the month of August – paying out claims exceeding MVR 22,000,000 to its valued customers.
Established in 1985, Allied Insurance began its journey as a collaboration between the esteemed Commercial Union Assurance Company, UK, and the State Trading Organization (STO), a cornerstone of commercial activities in the Maldives. By 1987, STO assumed sole ownership of the company, making Allied Insurance its subsidiary.
Today, under local management, Allied Insurance has risen to prominence as one of the country's premier financial institutions. It has garnered a well-deserved reputation as the most distinguished insurance brand in the Maldives. The company's contribution to the economic growth and development of the Maldives is both substantial and invaluable.
Allied Insurance's journey has been marked not only by expanding its operational horizons but also by achieving impressive profitability. This recent payout of over MVR 22 million in claims is yet another milestone in the company's legacy of trust, reliability, and unwavering dedication to its customers.
As Allied Insurance continues to set the benchmark for excellence in the insurance industry, this accomplishment serves as a testament to its commitment to providing its customers with the finest insurance coverage and unparalleled value in the market. It reinforces the trust that policyholders have placed in this distinguished institution for nearly four decades, promising a future of continued prosperity and security.