Crystal Insurance Company Ltd
DDSE:CRYSTALINS63.00
BDT
+0.20
(+0.32%)
Crystal Insurance Company Ltd
DSE:CRYSTALINS
(Dhaka Stock Exchange)
Recent
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63.00
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div
yld
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ROIC.AI
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- Business
- Crystal Insurance Company Limited is a Bangladesh-based non-life insurance company that provides a comprehensive suite of general insurance products and risk management solutions to corporate, commercial, industrial, and individual clients. The company operates through four primary underwriting segments: Fire Insurance, Marine Insurance, Motor Insurance, and Miscellaneous & Engineering Insurance. Its core product and service offerings include Fire and Allied Perils, Industrial All Risks (IAR), Property Damage, and Consequential Loss or Business Interruption insurance; Marine Cargo Insurance covering import, export, and domestic cargo transit by ocean, air, rail, and road, along with Marine Hull and Machinery insurance for coastal vessels, rivercraft, and merchant ships; Motor Insurance offering comprehensive physical damage, collision, and third-party legal liability coverage for private vehicles, commercial transportation fleets, and two-wheelers; Engineering Insurance comprising Contractors' All Risks (CAR), Erection All Risks (EAR), Machinery Breakdown, Electronic Equipment Insurance (EEI), Deterioration of Stock, and Boiler and Pressure Vessel protection; and Miscellaneous and Casualty Insurance, including Burglary and Housebreaking, Cash-in-Safe, Cash-in-Transit, Fidelity Guarantee, Workmen's Compensation, Employers' Liability, Public Liability, Product Liability, Personal Accident, Group Health, and Overseas Mediclaim coverage. Founded in 1999 and headquartered in Dhaka, Bangladesh, the company distributes its underwriting services across Bangladesh through an extensive nationwide branch network located across key industrial, commercial, and port centers. In recent developments, Crystal Insurance Company Limited has accelerated its digital transformation by implementing integrated enterprise software for paperless underwriting, digital policy issuance, and accelerated claims management. The company has also expanded its underwriting capacity through optimized reinsurance arrangements with state-run and international reinsurers, updated its risk appraisal frameworks in compliance with Insurance Development and Regulatory Authority (IDRA) directives, and maintained strong long-term credit and financial strength ratings reflecting its capital solvency and claims-settlement track record.