Policy

Corporate Governance

At Amar Insurance, corporate governance forms the foundation of our business operations, helping us build trust with shareholders, customers, and stakeholders.

Transparent and Accountable Leadership

Oversight and Strategic Direction

As a company licensed by the Financial Regulatory Commission, we operate in full compliance with applicable laws and regulatory requirements. Our Board of Directors provides strategic guidance, oversees corporate performance, and ensures sound governance practices throughout the organization. In 2025, the Board of Directors held 16 meetings and adopted 35 resolutions covering key strategic, operational, and governance matters. Management is responsible for implementing and monitoring the execution of these resolutions.

Our Corporate Governance Principles

We follow internationally recognized governance standards to support sustainable growth and long-term value creation.

01	02	03
Structured Decision-Making All decisions are made through clearly defined policies, procedures, and approval processes	Accountability Roles and responsibilities are clearly assigned across all levels of management, promoting ownership and accountability	Conflict of Interest Management We maintain robust mechanisms to identify, prevent, and manage conflicts of interest
04	05	06
Internal Controls Our internal control framework supports effective oversight of financial reporting, operations, and compliance activities	Risk Management We employ a comprehensive risk management framework to identify, assess, monitor, and mitigate risks	Transparency We are committed to providing timely, accurate, and transparent information to our stakeholders

Board of Directors

Key Responsibilities:

Developing and approving the Company's strategic direction

Appointing, evaluating, and overseeing the performance of the Chief Executive Officer

Monitoring the Company's financial performance and ensuring financial integrity

Approving and overseeing the Company's risk management framework and policies

Ensuring compliance with applicable laws and regulations

Corporate Governance Structure

Shareholders' Meeting

In accordance with Article 59.1 of the Company Law of Mongolia, the Shareholders' Meeting is the highest governing body of the Company. The Shareholders' Meeting may be convened as either an Annual General Meeting or an Extraordinary General Meeting.

Board of Directors

The Board of Directors promotes transparency, integrity, and accountability throughout the organization. It provides strategic direction and oversight while supporting the Company's sustainable growth through a clear vision and forward-looking policies.

Management Team

Experienced and Professional Leadership

Our management team brings more than 20 years of experience in banking, finance, and insurance, combined with a strong commitment to technological innovation and customer-focused growth.

20+

Years of Experience
In the banking, finance, and insurance sectors

33×

Growth
Revenue growth achieved over the past five years

5.3

MNT Billion
Surety bonds issued in 2025

100

Companies
Provided with surety bond guarantees

Corporate Governance Policies and Procedures:

Who are we and what do we do?

Company Overview

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.