Alliance Insurance: An Audit-Ready Integrated Report in 6 Weeks
Alliance Insurance
At a Glance
- Industry: Insurance
- Region: United Arab Emirates
- Scale: nearly 50 years in the market; AED 1.28 billion in assets under management; 10+ departments, 5 UAE branches, 8 insurance lines, 120+ vendors
- Services: sustainability and integrated reporting, ESG reporting software, supplier screening
- Frameworks: GRI Standards, DFM ESG framework, International Integrated Reporting Framework, UAE regulatory requirements
- Headline results: 90% less data consolidation time; audit-ready Integrated Report delivered in 6 weeks; 10 users trained to run the process independently
About the Client
Alliance Insurance provides premium insurance services to individuals, corporations and government bodies in the UAE, with nearly 50 years of market presence and AED 1.28 billion in assets under management.
While preparing its fourth Integrated Report (IR), Alliance recognised that fragmented, manual workflows could no longer support its disclosures: six interconnected capitals across 12 ESG material topics, alongside Dubai Financial Market (DFM) ESG requirements and global standards. The mandate was to build a reliable data infrastructure that could deliver an audit-ready Integrated Report within six weeks.
The Challenge: Scaling Sustainability Reporting Beyond Spreadsheets
- Data architecture: hundreds of data points across Financial, Relationship, Intellectual, Human, Social and Natural Capital had to be consolidated from 10+ departments, 5 UAE branches and 8 insurance lines, with comparable figures over three years (2022–2024).
- Several frameworks at once: the report had to align with the GRI Standards, DFM's ESG framework, the International Integrated Reporting Framework and UAE regulatory requirements, each with its own disclosure formats and data checks.
- Manual process risk: Excel-based workflows meant version control problems across contributors, limited audit traceability and a higher chance of errors in complex calculations.
- Regulatory transitions: new Scope 3 GHG emissions accounting guidelines and the IFRS 17 transition both required accurate restatement of 2022–2023 baseline data.
Oren's Solution: From Fragmentation to Integration
- AI-powered ESG platform: Oren deployed Oren Sustainability Hub (OSH) to centralise ESG data collection across Alliance's operations, replacing Excel workflows.
- Single source of truth: OSH consolidates inputs from more than 10 departments, five branches and over 120 vendors, each with its own units and validation rules.
- One report, several frameworks: Oren produced a single report aligned with the GRI Standards, DFM's ESG framework, the International Integrated Reporting Framework and UAE regulatory requirements.
- Regulatory transitions: Oren supported Alliance through the new Scope 3 accounting guidelines and the IFRS 17 transition, both of which required the 2022–2023 baseline to be restated.
- Audit trail: every reported figure can be traced by third-party auditors to its source document.
The Outcome
| Impact Area | Outcome |
|---|---|
| Operational Efficiency | 90% less data consolidation time than the manual Excel process, so the Integrated Report was completed within six weeks. |
| Regulatory Compliance | Integrated Report published in line with the GRI Standards, DFM's ESG framework, the International Integrated Reporting Framework and UAE regulatory requirements. |
| Data Integrity | Audit-ready traceability for hundreds of data points across a three-year comparative period. |
| Platform Adoption | 10 users trained on OSH, so Alliance's team now runs ESG data collection, validation and integrated reporting itself. |
| Regulatory Agility | DFM's newly introduced ESG KPIs incorporated into the same reporting cycle. |
Complexities Managed
- Concurrent regulatory change: Scope 3 guidelines and IFRS 17 landed in the same cycle as the report, and both changed the baseline.
- Cross-functional data: Finance, HR, environmental and stakeholder data from eight business lines, plus supplier screening for 120+ vendors, each with different measurement units and validation rules.
Conclusion
Alliance Insurance's fourth Integrated Report marked a shift from compliance-driven reporting to a data-led sustainability process. By replacing Excel-based workflows with a centralised, audit-ready data system, Alliance delivered multi-capital disclosures on a six-week timeline while absorbing new Scope 3, IFRS 17 and DFM requirements. With 10 trained users and the process now running on Oren Sustainability Hub, Alliance has an operating model it can carry into future reporting cycles and regulatory changes.
Related services: Sustainability reporting · ESG reporting software · GHG accounting · ESG for financial services
