Corporate Governance
Amar Insurance upholds strong corporate governance as the foundation of its operations, building the trust of shareholders and customers alike.
Oversight and Policy-Setting
As a company licensed by the Financial Regulatory Commission, our Board of Directors (BoD) operates within the framework of applicable laws and the rules, regulations, and guidelines approved by authorized bodies. In 2025, the BoD convened 16 times, deliberated and resolved matters in the areas outlined below, and approved a total of 35 resolutions, which executive management follows and implements. These include:
Core Principles of Corporate Governance
We adhere to governance principles aligned with international standards to ensure sustainable growth.
Systematic Decision-Making
Every decision is developed and approved through a clearly defined process and procedure.
Clear Accountability
Responsibility is clearly assigned and kept transparent at every level of management.
Conflict of Interest
A system is in place to identify and manage conflicts of interest.
Internal Controls
An enhanced system of financial and operational controls.
Risk Management
A comprehensive system for identifying, assessing, and managing risk.
Transparency
Timely, accurate, and complete disclosure of information.
Board of Directors
Key responsibilities:
- Develop and approve the company's strategy
- Appoint and evaluate the Chief Executive Officer
- Oversee financial operations
- Approve the risk management policy
- Monitor compliance with laws and regulations
Corporate Governance Structure
Meeting of Shareholders
Under Article 59.1 of the Company Law, the Meeting of Shareholders is the company's supreme governing body, and it may be held as a regular or an extraordinary meeting.
Board of Directors
The Board of Directors prioritizes transparency and integrity at every level of the organization, fostering open governance while guiding and supporting operations through vision- and strategy-driven policy suited to any circumstance.
A Skilled, Experienced Team
Our management team brings over 20 years of experience in banking, finance, and insurance, with a strong focus on technological innovation.
20+
Years of experience
In banking, finance & insurance
33×
Growth
In revenue over the last 5 years
5.3
Billion MNT
In surety bonds issued (2025)
100
Companies
Received surety bonds from us
Board of Directors Members
Policies and Procedures for Implementing Corporate Governance
Amar Insurance LLC is a trusted and well-established insurer with over 23 years of experience in the insurance industry. Backed by a team of highly skilled and dedicated professionals, we have earned the confidence and loyalty of our clients. We provide a comprehensive range of insurance solutions for both individuals and businesses, and through our advanced digital platforms, we are committed to delivering efficient, reliable, and customer-centric services tailored to our clients' evolving needs.
