Eastern Insurance PLC
DDSE:EASTERNINS56.70
BDT
-0.90
(-1.56%)
ISIN
BD0705EASTI6
Return %
Stock
S&P 500
1Y
9.88
14.20
3Y
-24.70
81.12
5Y
-51.87
68.34
Capital Structure
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- CEO
- Hasan Tarek
- Full Time Employees
- 258
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- Website
- easterninsurancebd.com
- Similar Companies
- Business
- Eastern Insurance PLC is a Bangladesh-based non-life general insurance company that provides a comprehensive range of property, casualty, and commercial risk underwriting solutions to industrial, corporate, and individual clients. Founded in 1986 and headquartered in Dhaka, Bangladesh, the company operates across an extensive domestic network of branch offices throughout major commercial and industrial hubs. Eastern Insurance PLC conducts its underwriting operations through multiple specialized segments, offering Fire Insurance, including coverage for standard fire and allied perils, industrial all risks, and consequential loss or business interruption; Marine Insurance, encompassing marine cargo coverage for sea, air, rail, and road transit, as well as marine hull and machinery insurance; Motor Insurance, comprising comprehensive and third-party liability coverage for private motor vehicles, commercial transport fleets, and motorcycles; Engineering Insurance, providing contractor's all risks, erection all risks, machinery breakdown, electronic equipment, and boiler and pressure vessel explosion coverage; and Miscellaneous and Accident Insurance, including cash-in-transit, cash-in-safe, cash-on-counter, burglary, fidelity guarantee, public liability, product liability, workmen's compensation, personal accident, and corporate group health policies. In recent developments, the company amended its corporate name and registration from Eastern Insurance Company Limited to Eastern Insurance PLC to comply with regulatory standards for publicly traded corporate entities in Bangladesh. Furthermore, Eastern Insurance PLC has expanded the digitization of its core operations, implementing automated underwriting systems, online policy issuance, and modernized claims settlement infrastructure in alignment with regulatory guidelines from the Insurance Development and Regulatory Authority to enhance operational efficiency and risk management.