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Apr 2015 Orient Insurance wishes to underwrite in life insurance. A formal application for the creation of a new insurance company was submitted in this end to the regulatory authorities.
With a capital of 100 million AED ( 27.22 million USD), the new company, will have to get a place on a segment largely dominated by foreign insurers.
In the same vein, Orient Insurance would also like to establish, in partnership with local investors, a life insurance company in Algeria.