Amar Insurance LLC is pleased to announce the appointment of Mr. Ashok Kumar Sharma as an Independent Member of the Board of Directors. Mr. Ashok Sharma has 38 years of experience in the General Insurance industry and is a seasoned executive with deep expertise in insurance intermediation, client strategy, and organizational leadership. He is widely recognised for his results‑driven approach and his strong belief that long‑term success in general insurance is built on client trust and enduring relationships.Mr Sharma has served as Chief Executive Officer of Mutual Insurance Agencies Pte Ltd since 2004. Under his leadership, the company has grown into a multiple award‑winning general insurance intermediary, recognised for its strong market reputation, operational discipline, and consistent delivery of value to clients. Many of his client relationships span several decades, reflecting his long‑standing commitment to service excellence and integrity.His leadership philosophy is founded on: Trust‑based professional relationships Responsible and ethical leadership Long‑term value creation and sustainability Mr.Sharma brings a strong focus on corporate governance, transparency, strategic decision‑making, and effective risk management. He is committed to safeguarding the interests of clients, insurance partners, and the organisation, while ensuring sustainable growth and sound governance standards.

  By implementing the international ORSA system, Amar Insurance LLC guarantees financial stability and ensures the reliability of the compensation of the intermediary. In the context of legal compliance, we have been launching the ORSA (Own Risk and Solvency Assessment) program, a methodology for assessing your own risk and solvency within the framework of legal compliance. The program is a complex approach to identifying, measuring, controlling, and managing risks, with each of its internal and external factors, and a magnifying glass that allows us to look at the entire insurance company. With the implementation of ORSA, the risk management process has become more transparent, and risk management has become easier to control and mitigate because it is the most appropriate way to determine the specificity, scope, and interdependence of risks to business operations. With international experience, insurance companies require insurers to be transparent about how they manage their risk, and by this standard, Insurance is openly communicating how it accepts and manages the risk of its partners and insurers through the introduction of the ORSA program. In accordance with the Financial Regulatory Committee's Resolution No. 558 of 2022, Amar Insurance prepares its Own Risk and Solvency Assessment Report and annually reports its risk assessment to the Financial Regulatory Committee and its subsidiaries, citizens and shareholders in a very clear manner.   https://www.solvencyiisolutions.com/orsa/  

We were honored to welcome representatives from our partner company, Kay International AMEA Limited, a leading reinsurance broker based in the United Arab Emirates, during their visit to Mongolia. Throughout the visit, both organizations discussed ways to enhance services for corporate insurance clients, expand the scope of collaboration, and introduce innovative, globally recognized standards to the Mongolian insurance market.