DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report With you for better health Annual Report Over the past three hundred years, and under all circumstances, our country has proven its ability to overcome all challenges with determination and to emerge from them victorious with the grace of God. The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Contents Our Mission 1 Our Values 2 Chairman's Message 3 CEO's Message 5 Our Board Members 7 Our Chief Executive Team 13 Bupa Group 16 Bupa Arabia 24 Our Brand Perception and Equity 25 Our Competitive Advantage 26 Our People 30 Our Corporate Social Responsibility 33 Our Governance Framework 34 Our Code of Conduct 35 Our Whistleblowing Policy 36 Audit Committee Report 37 Board Report 40 Financial Statement 77 Our Our Mission Values To be the healthcare Extraordinary Courageous • Go above and beyond • Be brave • Be the best we can dream to be • Dare to try leader in Saudi Arabia • Delivering outstanding results • Speak up by taking care of the Caring Accountable lives in our hands. • Big-hearted and compassionate • Always responsible • Treat people with respect and kindness • Take ownership • Everyone and everything matters • Make it happen Authentic Passionate • True to yourself • Full of energy and inspiration • Genuine and honest • Love what we do and why we • Say what you mean, mean what you say do it • Love our customers Open • Seek new ideas and other points of view • Share freely • Really listen and understand • Embrace diversity 1 Bupa Arabia Annual Report 2019 Our Our Mission Values To be the healthcare Extraordinary Courageous • Go above and beyond • Be brave • Be the best we can dream to be • Dare to try leader in Saudi Arabia • Delivering outstanding results • Speak up by taking care of the Caring Accountable lives in our hands. • Big-hearted and compassionate • Always responsible • Treat people with respect and kindness • Take ownership • Everyone and everything matters • Make it happen Authentic Passionate • True to yourself • Full of energy and inspiration • Genuine and honest • Love what we do and why we • Say what you mean, mean what you say do it • Love our customers Open • Seek new ideas and other points of view • Share freely • Really listen and understand • Embrace diversity Bupa Arabia Annual Report 2019 2 This top performance and enhancement Chairman's of our brand and reputation, have earned us strong recognition related to Message 2019: • Most Valuable Insurance Company Insurance Market and Economic in Saudi (Forbes Middle East 2020) Landscape • 7th Strongest Brand in Saudi Arabia (Brand Finance 2020 Ranking) After a challenging 2018, we consider • Best Health Insurance Company 2019 a year of stability for the insurance (International Finance Magazine) sector. The number of insured customers that started to decline in June 2017 and continued to decrease in 2018, started to pick up in January Sustainability and Corporate Social 2019. Responsibility This increase was driven by an initiative We remain committed as a board – and led by the Council of Cooperative as a company – to our strategic and Health Insurance (CCHI) to make governance frameworks to ensure that health insurance mandatory for Saudis we successfully balance our short term working in the private sector and their goals and longer term priorities and dependents starting from 2019 over a we understand that corporate social few years. After an increase of 2.8% in responsibility and sustainability are essential requirements for our success. June 2019, the year closed on a level comparable to 2018 in terms of the During 2019, we continued to further numbers of insured customers. enhance our cyber security measures, business resilience and have embedded Gross Written Premiums (GWP) increased by 21.5% supported by price increases for the new CCHI Table of Benefits in the first half of the year and by pricing up for normal medical inflation in the second half of the year, which we believe enhances the competitive landscape of the sector going forward. Our Performance 2019 was a pivotal year in the history of Bupa Arabia with stellar performance on all fronts further cementing our position as the leading insurer in Saudi Arabia. New all-time records were registered in both GWP (SR10.4B, 21.5% vs. ‘18) and profit (SR713m, +35.6% vs. ‘18). 3 Bupa Arabia Annual Report 2019 stronger risk management practices I would also like to express my deepest across the business with more focus appreciation for the continued support, on the “first line of defence” in our risk commitment and contribution from all management activities. Our business our stakeholders, be they shareholders, continuity plans have served us well as clients, partners, regulators and service COVID-19 emerged at the end of 2019 providers. and we were ready ensuring the safety of our people and the continuity of our By order of the Board business. We also appointed highly Eng. Loay Hisham Nazer qualified individuals in the various Chairman Board and Board Committees with significant expertise in areas of audit, risk, and human resources, signifying our strong commitment to strong governance and oversight. We are also proud of launching additional services to our customers such as telemedicine and home healthcare and educating the business community on the best practices to deal with COVID-19. Our CSR program, providing free health insurance cover, and a variety of health related support activities, for all the orphans under the Ministry of Human Resources and Social Development, remains one of our key programs for our community. On behalf of the Board of Directors, I would like to express my sincere appreciation to all our people, whether employees or Board Committee representatives, for continuing to enable Bupa Arabia to deliver record- breaking and industry-leading results. 2019 was a pivotal year in the history of Bupa Arabia with stellar performance on all fronts further cementing our position as the leading insurer in Saudi Arabia. Bupa Arabia Annual Report 2019 4 • A “Risk Intelligent Organisation” CEO's by maturing our corporate governance and risk management infrastructure and Message capabilities and further raising the bar of Bupa Arabia’s internal control environment. Achievements In 2019, Bupa Arabia has demonstrated Services and Competitive Advantages its best-ever performance and consequently delivered record- breaking results across most of its Key We continue to invest in building our Performance Indicators (KPIs), namely: service differentiation and enhance our competitive advantage as a leading • Gross written premium at and trusted health insurance provider SR 10.4 billion (+21.5% vs ’18) in Saudi Arabia, through our Tebtom healthcare services platform and our • Before zakat and income tax profit Rahatkom hospital delivery program, of SR 713 million (+35.6% vs ’18) with the goal of improving customer experience and supporting them at • Term deposits and investments their greatest time of need. at SR 6.9 billion and improved solvency In 2020, we will significantly enhance the Tebtom and Rahatkom programs • Cash and investments rate with an unmatched digital experience compared to technical reserves with and Out-of-Hospital (OOH) innovation, SR1.5 billion more than technical namely telemedicine and home reserves, medicine, to ensure that our customers and their ensured dependents continue • Investment earnings of to receive the best healthcare services. SR235 million (+27.6% vs ’18) • Record collections performance despite economic conditions and constraints, • Increased market share to reach 27.6% (+3.1 points vs ’18), • Saudization ratio of 77% • We also continued our progress on key organizational initiatives such as: • Launch of the digital sales platform to sell health insurance products to Small and Medium Enterprises, Saudi families, and domestic helpers, • Release of the all-new version mobile application for smart phones, 5 Bupa Arabia Annual Report 2019 People • Accelerate and expand our digital transformation to maximize productivity, We strive to attract and retain talented, • Offer innovative products and skilled, and engaged employees that services to meet customers’ needs. love working at Bupa Arabia because of • 2019 Insured Lives market closed our amazing culture, which we define with a nominal increase (0.8%), and approach along five dimensions: though Expat insured live market continued to decline. • We are leaders in all we do • 2020 Insured Lives market has • We are innovative and caring already seen a decline of 500K+ • We are loved by customers lives as of May end due to Corona. • We have amazing talent We expect the market to continue • We consistently act in-line with our declining impacting Expat exodus values and Saudi unemployment. In 2019, we continued to develop and Since the emergence of COVID-19, we enhance our culture and engagement assembled a working team to develop, activities. We thus introduced a number monitor, and document the actions of employee development initiatives to that ensured our seamless transition attract and retain market-leading talent. to a work-from-home arrangement We also increased our saudization ratio without impacting business. I am to a record level of 77% versus 75% in delighted to report that 98% of our 2018. workforce worked from home for long periods with no business interruption. Outlook Furthermore, we supported the business community by educating them on best practices to manage the 2020, also known as the COVID-19 situation. year, could be one of the toughest years in recent history for the global Additionally, and as the most trusted economy across all geographies and health insurer and the market leader, we industries, possibly leading to a global stepped up to COVID-19 challenges by recession of undetermined magnitude. inaugurating the SR1 billion+ donations However, in the insurance sector, to the health endowment fund created especially car and health insurance, by the Ministry of Health by being there seem to be short-term benefits the first private company to donate resulting from restricted mobility and SR20 million.
Load more

Recommended publications
  • Oportunidades De Inversión En El Mercado Asegurador Saudí
    COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS Trabajo Fin de GRADO Oportunidades De Inversión En El Mercado Asegurador Saudí Autor: Durán Vieira, Emilio Tutor: Bobillo Carballo, Elvira Madrid, junio de 2018 Tabla de contenido INTRODUCCIÓN ............................................................................................................ 4 1. ARABIA SAUDÍ ....................................................................................................... 5 1.1. Situación macroeconómica ............................................................................ 6 2. SECTOR SEGUROS................................................................................................ 11 2.1. Tamaño del mercado de seguros no vida ..................................................... 13 2.2. Penetración del mercado ............................................................................. 14 2.3. Densidad del mercado ................................................................................. 15 2.4. Ratio combinado ......................................................................................... 16 2.5. Ratio de retención ....................................................................................... 17 2.6. Clasificación por tipo de seguro ................................................................... 18 2.6.1. Seguros de vida .................................................................................... 18 2.6.2. Seguros de vehículos ..........................................................................
    [Show full text]
  • Financial Statements Fidelity® Global Ex U.S
    Fidelity® Emerging Markets Index Fund Fidelity® Global ex U.S. Index Fund Semi-Annual Report April 30, 2021 Contents Note to Shareholders 3 Fidelity® Emerging Markets Index Fund 4 Investment Summary 5 Schedule of Investments 23 Financial Statements Fidelity® Global ex U.S. Index Fund 27 Investment Summary 28 Schedule of Investments 55 Financial Statements Notes to Financial Statements 59 Shareholder Expense Example 64 Liquidity Risk Management Program 65 To view a fund’s proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission’s (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds. Standard & Poor’s, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation. Other third-party marks appearing herein are the property of their respective owners. All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2021 FMR LLC. All rights reserved. This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds.
    [Show full text]
  • Business Administration CAREER SERVICES FLYER FIRST DESTINATION SURVEY 2017-2018
    The School of Business Administration CAREER SERVICES FLYER FIRST DESTINATION SURVEY 2017-2018 98% 481 89% Success Total Knowledge Rate Responses Rate Destination Responses Percentages Employed 378 79% Attending Graduate School 78 16% Post-Graduation Internship 5 1% Personal Interests 5 1% Military Service 3 <1% Volunteer or Service Program 1 <1% Actively Seeking Employment 9 2% Actively Seeking Education 2 <1% Survey data includes graduates from August 2017, December 2017, May 2018 *Knowledge rate indicates the inclusion of multiple sources of data CAREER SERVICES CONTACT HOURS DROP-INS SOCIAL Alumni House (208 L Street) Phone: 937. 229. 2045 Monday, Thursday and Friday Monday, Thursday 300 College Park Email: [email protected] 8:30am-4:30pm 1:00-4:00pm Dayton, OH 45469-2711 Web: udayton.edu/careerservices Tuesday, Wednesday Tuesday and Wednesday 1:00-7:00pm 8:30am-7:00pm Friday - 1:00-3:00pm School of Business Administration 3 WORKING WITHIN CHOSEN FIELD OR A STEPPING STONE 99% TOWARDS IT. FIRST DESTINATION AFTER GRADUATION Destination Responses Percentages New Job 371 77% Enrolled in Graduate School 78 16% Post-Graduation Internship 5 1% Pursuing Personal Interests 5 1% Self-employed/Entreoreneur 4 1% Military 3 <1% Temporary/Contract Work Assignment 3 <1% Volunteer or Service Program 1 <1% Continuing Current Position 0 0% Freelance 0 0% Actively seeking work 9 2% Actively seeking additional education 2 <1% Total Sucess Rate 470 98% Total Respondents 481 4 School of Business Administration EMPLOYMENT OVERVIEW Respondent considers
    [Show full text]
  • Saudi Insurance Sector- Quarterly Q1-19
    June 2019 Saudi Insurance Sector- Quarterly Q1-19 Head of Research Talha Nazar +966 11 2256250 [email protected] June 2019 Insurance Sector Report Sector report | KSA | Q1-19 Company Name Codes The Company for Cooperative Insurance Tawuniya Salama Cooperative Insurance Co. Salama UCA Cooperative Assurance Co. UCA Al-Rajhi Company for Cooperative Insurance Al Rajihi Takaful Al Alamiya for Cooperative Insurance Co. Al Alamiya Allied Cooperative Insurance Group ACIG Bupa Arabia for Cooperative Insurance Co. Bupa Arabia Arabian Shield Cooperative Insurance Co. Arabian Shield Buruj Cooperative Insurance Co. Buruj Al Sagr Cooperative Insurance Co. Sagr Insurance Malath Cooperative Insurance Co. Malath Insurance Solidarity Saudi Takaful Co. Solidarity Trade Union Cooperative Insurance Co. Al-Etihad Sanad Cooperative Insurance Company Sanad Walaa Cooperative Insurance Co. Walaa Allianz Saudi Fransi Cooperative Insurance Co. Allianz SF Al-Ahlia Insurance Co. Al Ahlia The Mediterranean and Gulf Insurance and Reinsurance Co. MEDGULF Saudi Indian Company for Cooperative Insurance Wafa Insurance SABB Takaful Co. SABB Takaful Saudi Arabian Cooperative Insurance Company SAICO Gulf Union Cooperative Insurance Co. Gulf Union Saudi Re for Cooperative Reinsurance Co. Saudi Re Arabia Insurance Cooperative Company AICC ALAHLI TAKAFUL COMPANY ATC AXA Cooperative Insurance Co. AXA-Cooperative Weqaya Takaful insurance and reinsurance Company Weqaya Takaful CHUBB Arabia Cooperative Insurance Co. Chubb Arabia Gulf General Cooperative Insurance Co. Gulf General Wataniya Insurance Co. Wataniya Amana Cooperative Insurance Co. Amana Insurance Saudi Enaya Cooperative Insurance Co. Enaya Alinma Tokio Marine Co. Alinma Tokio MetLife AIG ANB Cooperative Insurance Co. MetLife Aljazira Takaful Taawuni Co. Jazira Takaful June 2019 Insurance Sector Report Sector report | KSA | Q1-19 Gross Written Premium GWP (Gross Written Premiums) in Q1-19 stood at SAR 12.0bn depicting a jump of 8.5% Y/Y.
    [Show full text]
  • Schedule of Investments (Unaudited) Ishares MSCI Total International Index Fund (Percentages Shown Are Based on Net Assets) September 30, 2020
    Schedule of Investments (unaudited) iShares MSCI Total International Index Fund (Percentages shown are based on Net Assets) September 30, 2020 Mutual Fund Value Total International ex U.S. Index Master Portfolio of Master Investment Portfolio $ 1,034,086,323 Total Investments — 100.4% (Cost: $929,170,670) 1,034,086,323 Liabilities in Excess of Other Assets — (0.4)% (3,643,126) Net Assets — 100.0% $ 1,030,443,197 iShares MSCI Total International Index Fund (the “Fund”) seeks to achieve its investment objective by investing all of its assets in International Tilts Master Portfolio (the “Master Portfolio”), which has the same investment objective and strategies as the Fund. As of September 30, 2020, the value of the investment and the percentage owned by the Fund of the Master Portfolio was $1,034,086,323 and 99.9%, respectively. The Fund records its investment in the Master Portfolio at fair value. The Fund’s investment in the Master Portfolio is valued pursuant to the pricing policies approved by the Board of Directors of the Master Portfolio. Fair Value Hierarchy as of Period End Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: • Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access • Level 2 – Other observable inputs (including, but not limited to, quoted prices
    [Show full text]
  • Working Together for Healthier and Happier Lives
    WORKING TOGETHER FOR HEALTHIER AND HAPPIER LIVES HRH Crown Prince Salman Abdul Aziz Al Saud First Deputy Prime Minister and Minister of Defense Bupa Arabia Annual Report 2012 1 OUR MISSION TO BE THE HEALTH & CARE LEADER IN SAUDI ARABIA BY TAKING CARE OF THE LIVES IN OUR HANDS OUR VALUES CARING RESPECTFUL ETHICAL We genuinely care about We respect people’s We are committed to acting people’s health and wellbeing. individuality, privacy and responsibly and in the best We exist for no other reason. dignity and try to respond to interest of people and the their individual needs. environment. ENABLING DEDICATED ACCOUNTABLE We empower people with our We are dedicated to providing We are accountable for the knowledge and experience to a professional, reassuring quality, efficiency and value help them choose the most service and seek opportunities of our services, and act in the appropriate solutions. to go the extra mile to exceed best interest of our customers. people’s expectations. 2 Bupa Arabia Annual Report 2012 BUSINESS REVIEW BUSINESS REVIEW BUSINESS AT BUPA ARABIA WE ARE CONVINCED THAT THE SOLUTION LIES IN WORKING TOGETHER. Loay Nazer Chairman CHAIRMAN’S MESSAGE GOVERNANCE GOVERNANCE WORKING TOGETHER TO IMPROVE HEALTH A Growing Sector In 2012, the world economy has been under great pressure driven by the sovereign debt crisis and slow growth. By contrast, the Saudi market has maintained steady growth despite fluctuating world markets and regional turbulence. The insurance market in Saudi Arabia has changed considerably over the past few years as new entrants and new regulations continue to embed and the sector continues to move towards maturity.
    [Show full text]
  • FULL PORTFOLIO HOLDINGS Offer Name
    DISCLOSE REGISTER – FULL PORTFOLIO HOLDINGS Offer name: Kiwi Wealth Managed Funds Offer number: OFR12408 Fund name: Conservative Fund number: FND10330 Periodic disclosure applies [dd/mm/yyyy] 31/03/2021 Asset Name % of fund net assets Security code Westpac NZD Account 11.20% New Zealand Local Government Funding Agency Bond - 3.5% 14 Apr 33 3.38% NZLGFDT009C0 14/4/2033 Kommunalbanken AS - 4% 20 Aug 25 20/8/2025 2.46% NZKBNDT009C6 Housing New Zealand Ltd - 3.42% 18 Oct 28 18/10/2028 2.33% NZHNZD0628L7 New Zealand Local Government Funding Agency Bond - 4.5% 15 Apr 27 2.14% NZLGFDT007C4 15/4/2027 Landwirtschaftliche Rentenbank - 0.75% 09 Jun 25 9/6/2025 2.09% NZLRBDT014C1 New Zealand Local Government Funding Agency Bond - 1.5% 20 Apr 29 2.07% NZLGFDT012C4 20/4/2029 Landwirtschaftliche Rentenbank - 5.375% 23 Apr 24 23/4/2024 1.92% NZLRBDT009C1 Australia Government Bond - 3.75% 21 Apr 37 21/4/2037 1.82% AU3TB0000192 Transpower New Zealand Ltd - 1.735% 04 Sep 25 4/9/2025 1.77% NZTRPD0070L9 International Bank for Reconstruction & Development - 1.375% 19 Feb 25 1.65% NZIBDDT014C2 19/2/2025 Kommunalbanken AS - 1.25% 02 Jul 30 2/7/2030 1.46% NZKBNDT012C0 Housing New Zealand Ltd - 2.183% 24 Apr 30 24/4/2030 1.44% NZHNZD0230L2 International Bank for Reconstruction & Development - 1.25% 10 Dec 30 1.35% NZIBDDT017C5 10/12/2030 Nordic Investment Bank - 3.875% 02 Sep 25 2/9/2025 1.09% NZNIBDT009C0 Kommunalbanken AS - 0.75% 12 Jun 25 12/6/2025 0.96% NZKBNDT011C2 Nordic Investment Bank - 0.75% 07 Jul 25 7/7/2025 0.96% NZNIBDT012C4 International Finance
    [Show full text]
  • Right Issue Prospectus Saudi Fransi Cooperative Insurance Company
    Right Issue Prospectus Saudi fransi Cooperative Insurance Company A Public Saudi Joint Stock Company formed pursuant to the Ministerial Resolution No.142 dated 8/6/1428H (corresponding to 24/6/2007G) and in accordance with Royal Decree No. M/60 dated 18/09/1427 H (corresponding to 11/10/2006G). Offering of 10,000,000 ordinary shares at an offer price of SR 12.5 per share (nominal value of SR 10, plus a premium of SR 2.5) through a rights issue. This offering represents an increase in the Company’s Capital of SR 100,000,000 and a total offer premium of SR 25,000,000. The increase represents 100 % of the Company’s Capital. Offering Period from 25/04/1431 H (corresponding to10/04/2010 G) to 05/05/1431 H (corresponding to 19/04/2010 G), Saudi Fransi Cooperative Insurance Company (hereinafter referred to as the “Company”) is a public joint stock company registered in Saudi Arabia under Commercial Registration Number 1010235601 pursuant to the Ministerial Resolution No. 142 dated 8/6/1428H (corresponding to 24/62007G) and in accordance with Royal Decree No. M/60 dated 18/09/1427H (corresponding to 11/10/2006G). The share capital of the Company is currently SR 100,000,000 (currently one hundred million) consisting of 10,000,000 (ten million) shares with a nominal value of SR 10 each (each an “Existing Share” and collectively the “Existing Shares”), all of which are fully paid. This Rights Issue (the “Offering”) consists of the issuance of 10,000,000 new shares (referred to as “New Shares”), at a nominal value of SR 10 plus a premium of SR 2.5 per share (“Offer Price”) to registered holders of Shares (each a “Qualifying Shareholder” and collectively the “Qualifying Shareholders”) as at the end of the trading day of the Extraordinary General Meeting (“EGM”) which decided such capital increase (the “Record Date”).
    [Show full text]
  • Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
    Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767%
    [Show full text]
  • GCC Insurance Industry | November 24, 2019 Page | 1
    GCC Insurance Industry | November 24, 2019 Page | 1 Table of Contents 1. EXECUTIVE SUMMARY ............................................................................ 8 1.1 Scope of the Report ..................................................................................... 8 1.2 Industry Outlook ......................................................................................... 8 1.3 Key Growth Drivers ...................................................................................... 8 1.4 Key Challenges ........................................................................................... 9 1.5 Key Trends ................................................................................................. 9 2. THE GCC INSURANCE INDUSTRY OVERVIEW ....................................... 10 2.1 Country-wise Insurance Market Overview ....................................................... 19 3. THE GCC INSURANCE INDUSTRY OUTLOOK ......................................... 33 3.1 Forecasting Methodology ............................................................................. 33 3.2 GCC Insurance Market Forecast .................................................................... 34 3.3 Country-wise Market Size Forecast ................................................................ 36 4. GROWTH DRIVERS ............................................................................... 43 5. CHALLENGES ........................................................................................ 49 6. TRENDS ..............................................................................................
    [Show full text]
  • Northern Trust EQUITY INDEX FUNDS
    NORTHERN EQUITY INDEX FUNDS ANNUAL REPORT MARC H 31, 2020 Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of Northern Funds shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from Northern Funds or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (northerntrust.com) and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you have already elected to receive your shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from Northern Funds electronically at any time by contacting your financial intermediary (such as a broker-dealer or bank) or, if your account is held directly with Northern Funds, by calling the Northern Funds Center at 800-595-9111 or by sending an e-mail request to: [email protected]. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, please contact your financial intermediary to continue receiving paper copies of your shareholder reports. If you invest directly with Northern Funds, you can inform Northern Funds that you wish to continue receiving paper copies of your shareholder reports by calling the Northern Funds Center at 800-595-9111 or by sending an e-mail request to: [email protected].
    [Show full text]
  • Bupa Arabia FY 2018 Earnings Conference Call and Webcast
    Bupa Arabia FY 2018 Earnings Conference Call and Webcast April 9, 2019 Disclaimer This presentation has been prepared by the management of Bupa Arabia (“The Company”). It does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The information included in this presentation has been provided to you solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. Unless required by applicable law or regulation, no person is under any obligation to update or keep current the information contained in this presentation and any opinions expressed in relation thereto are subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, accuracy, reasonableness or completeness of the information contained herein. Neither Bupa Arabia nor any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this presentation or its contents. This presentation may include forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, performance, growth, strategies and the industry.
    [Show full text]