- Business
- Federal Insurance PLC is a Bangladesh-based non-life insurance company that underwrites and distributes a diverse portfolio of general insurance products to corporate, commercial, industrial, and individual clients across Bangladesh. Founded in 1987 and headquartered in Dhaka, Bangladesh, the company operates through an extensive nationwide network of branch offices covering major economic centers including Dhaka, Chattogram, and Khulna.
The company's primary business activities are organized into several core insurance segments: fire insurance, including property damage, industrial all risks, fire and allied perils, and business interruption coverages; marine insurance, comprising marine cargo for international and domestic transit by sea, air, road, and rail under Institute Cargo Clauses, as well as marine hull insurance; motor insurance, covering private vehicles, commercial fleets, motorcycles, and statutory third-party liability; engineering insurance, encompassing contractors' all risks, erection all risks, machinery breakdown, boiler and pressure plant explosion, and electronic equipment insurance; aviation insurance, providing aircraft hull and liability protections; and miscellaneous and casualty insurance, which includes personal accident, group health and accident, workmen's compensation, burglary, fidelity guarantee, cash-in-transit, cash-in-safe, public liability, and product liability policies.
In recent corporate developments, the company officially changed its legal name from Federal Insurance Company Limited to Federal Insurance PLC following regulatory alignment and shareholder approvals. The company continues to advance its digital transformation agenda by expanding digital underwriting capabilities and online policy issuance platforms for motor and retail segments to streamline policy administration and customer claims settlement. In addition, credit rating agencies have reaffirmed the company's strong claims-paying ability and financial solvency with investment-grade ratings, while the board and management maintain regular capital distributions and cash dividends alongside operational modernization across its regional branch infrastructure.