Asia Insurance PLC
DDSE:ASIAINS39.10
BDT
+0.50
(+1.30%)
ISIN
BD0740ASIAI4
Return %
Stock
S&P 500
1Y
44.28
14.20
3Y
-26.23
81.12
5Y
-50.51
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Mohammad Imam Shaheen
- Full Time Employees
- 264
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Apr 19, 2009
- Website
- asiainsurancebd.com
- Similar Companies
- Business
- Asia Insurance PLC is a Bangladesh-based non-life insurance company engaged in providing comprehensive general underwriting and risk management solutions across commercial, industrial, institutional, and retail markets. Incorporated in 2000 and headquartered in Dhaka, Bangladesh, the company gained admission to the Dhaka Stock Exchange and the Chittagong Stock Exchange in 2009. Asia Insurance PLC structures its operations into core general insurance divisions, providing an extensive array of coverage types: Fire Insurance, which includes fire and allied perils, property all risks, industrial all risks, machinery breakdown and business interruption, and power plant operational package insurance; Marine Insurance, which encompasses marine cargo insurance for export and import shipments, marine hull insurance, and goods-in-transit coverage; Motor Insurance, comprising comprehensive and third-party liability policies for private passenger vehicles, commercial fleets, motorcycles, and motor transit risks; Engineering Insurance, providing contractors' all risks (CAR), erection all risks (EAR), boiler and pressure vessel (BPV) insurance, machinery breakdown (MBD), deterioration of stock (DOS), contractors' plant and machinery (CPM), and electronic equipment insurance (EEI); and Miscellaneous and Financial Lines, which feature cash-in-transit, cash-in-safe, cash-on-counter, automated teller machine (ATM) coverage, safe deposit bank locker insurance, bankers' blanket bonds, fidelity guarantees, burglary and housebreaking insurance, workmen’s compensation, employers' liability, public and product liability, professional indemnity, personal accident coverage, and overseas mediclaim policies. The company delivers its underwriting solutions to corporate conglomerates, manufacturers, financial institutions, small and medium enterprises, and individual clients through a domestic network comprising its central corporate headquarters and 22 branch offices located throughout major industrial and commercial regions of Bangladesh. In recent developments, the company completed a formal corporate restructuring and rebranding to transition its legal name from Asia Insurance Limited to Asia Insurance PLC in compliance with national statutory amendments under the Companies Act. In addition, Asia Insurance PLC has progressed with its digital transformation initiatives by modernizing its underwriting and policy administration systems, upgrading digital investor and shareholder services, and expanding its underwriting capacity for major industrial and infrastructure risks in coordination with the Insurance Development and Regulatory Authority (IDRA).