Eastland Insurance PLC
DDSE:EASTLAND26.40
BDT
+0.40
(+1.54%)
ISIN
BD0708ELND12
Return %
Stock
S&P 500
1Y
28.78
14.20
3Y
-7.69
81.12
5Y
-35.14
68.34
Capital Structure
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- CEO
- Mohammed Salim
- Full Time Employees
- 298
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- Website
- eastlandinsurance.com
- Similar Companies
- Business
- Eastland Insurance PLC is a Bangladesh-based non-life general insurance company that provides a comprehensive range of conventional and Islamic general insurance products and risk management services to corporate, institutional, industrial, commercial, and individual clients. The company operates through several core business segments, offering underwriting solutions across multiple categories, including: Fire Insurance, encompassing fire and allied perils, industrial all risks, operational property loss, and business interruption coverages; Marine Insurance, comprising marine cargo for import and export shipments, inland transit insurance, and marine hull protection; Motor Insurance, providing comprehensive, third-party liability, and accidental loss coverage for commercial and private motor vehicles; Engineering Insurance, including contractor's all risks, erection all risks, machinery breakdown, electronic equipment, and boiler and pressure vessel policies; Miscellaneous and Liability Insurance, spanning public liability, product liability, employer's liability, workmen's compensation, burglary and housebreaking, fidelity guarantee, cash-in-safe, cash-in-transit, and personal accident insurance; Health and Specialized Coverages, featuring corporate health schemes, hospitalization, and overseas mediclaim policies; and Islamic Takaful, delivering Shariah-compliant non-life takaful products through a dedicated Islamic insurance window. Founded in 1986 and headquartered in Dhaka, Bangladesh, Eastland Insurance PLC operates an extensive network of branch offices across key commercial and industrial hubs throughout Bangladesh. In recent developments, the company converted its corporate name to Eastland Insurance PLC to comply with regulatory statutory amendments, established strategic bancassurance partnerships to distribute insurance products through commercial banking channels following regulatory approvals from Bangladesh Bank and the Insurance Development and Regulatory Authority (IDRA), and accelerated digital transformation initiatives by deploying online policy issuance, automated claims management platforms, and upgraded digital underwriting systems to enhance operational efficiency and expand retail distribution.