Compensation Disclosure
Al Himayah Insurance Brokerage L.L.C, referred herein as “Al Himayah”, conducts its business in accordance with applicable regulatory requirements and operates under a customer-centric service model with a strong commitment to integrity, transparency, and fair dealing. In fulfilment of these principles, Al Himayah provides full and transparent disclosure of its sources of income, in particular to any compensation received from insurance companies.
Unless otherwise required by applicable law or expressly agreed with an Insurer, commissions payable to Al Himayah in connection with an insurance placement are generally earned at the commencement of the insurance policy, subject to payment of premiums by the Insured to the Insurance Company.
Al Himayah will receive commissions from insurers, typically calculated as a percentage of the insurance premium. Commissions may be earned in connection with the placement or renewal of a client’s insurance policies, the provision of ongoing servicing, and/or other services that Al Himayah has agreed to provide on the client’s behalf. In its capacity as an Insurance Broker, Al Himayah may also be eligible to receive other forms of compensation from Insurance Companies, including performance-based or supplemental commissions.
Performance-based or supplemental commissions are generally determined by the overall performance of all or part of the business that Al Himayah places with an Insurance Company. Eligibility for, and the amount of, such supplemental commissions may vary by line of business and may depend on a range of forward-looking performance factors established by the Insurer, including overall premium volume, year-over-year premium growth, policy on portfolio persistency, profitability, and retention levels. As a result, any such performance-based compensation is not typically attributable to any individual client policy. Supplemental commissions, where applicable, are usually established at the beginning of each calendar year and are based on Al Himayah’s historical and current performance, measured using some or all the same criteria applied to performance-based compensation.
In delivering its services, Al Himayah acts in the best interests of its clients and maintains governance, controls, and oversight arrangements designed to ensure that remuneration structures do not influence the selection of insurance policies or coverage options, direct clients toward or away from specific health service providers or interfere with or predetermine claims outcomes. These measures support Al Himayah’s commitment to providing objective advice, fair dealing, and ongoing compliance with applicable regulatory requirements.
For further information or clarification regarding the compensation received by Al Himayah in relation to your account, you may contact your Al Himayah representative.
Client Data Disclosure Statement
Al Himayah Insurance Brokerage L.L.C is committed to gathering personal information legally, fairly, and transparently. We collect only the information necessary to serve our clients effectively, develop and provide insurance products and services, manage our business operations, comply with applicable regulatory requirements.
Personal data collected may include identification, contact, insurance, financial, and other information relevant to insurance placement, policy administration, and claims handling. Such data is used solely for lawful and specified purposes and is processed in accordance with applicable data protection laws, regulatory obligations, and internal governance standards.
Client information is treated as confidential and is disclosed only to authorized parties such as insurers, service providers, or regulatory authorities where required or permitted by law. Appropriate technical and organizational measures are in place to safeguard personal data against unauthorized access, loss, or misuse. By engaging with our services or using our website, clients acknowledge and agree to the collection and use of their information in accordance with this disclosure.
