Within the span of 2 and a half decades, Palestine Insurance Company has several milestones in connection to the Premium Earning, Industry Awards, Corporate Social Responsibility (CSR) initiatives, to name a few. I hope that this year will also be a thriving period for the Company. Our performance is also a result of our diligent planning process. Portfolio consolidation, budgetary control, business optimization and employee motivation include our broader objectives. Hope this objective contributes the industry and the nation at large.

Despite the several challenges, The Management and the Board of Directors (BOD) of the Company shall carry out reformative steps meeting the regulatory and corporate governances’ obligations. The Company aims to re-establish its landmark with further product and services innovation, customer care with the advancement in competencies of the employees. We shall also be attracting and developing the technical skills of the young generation through training and internships.

Going forward, the effort of the Board of Directors and the Management shall continue to stress the diversification of the Company activities. The hard work, support and dedication of our employees, and business associates resulted in a direct reflection of our quality performance.

Finally, we express our deep appreciation to our shareholders, clients, the regulators, agents, surveyors, re-insurers, brokers and the team for the continuous support which contributed to our success and accomplishments.

Mr. Mohammed Abu Awad

Chairman of the Board