Islami Commercial Insurance PLC.
DDSE:ICICL36.40
BDT
+0.40
(+1.11%)
Islami Commercial Insurance PLC.
DSE:ICICL
(Dhaka Stock Exchange)
Recent
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36.40
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- Business
- Islami Commercial Insurance PLC is a Bangladesh-based non-life insurance company that provides a comprehensive suite of conventional and Islamic general insurance products and risk management services to individual, commercial, and corporate clients. The company operates through several core business segments, offering policies that include fire insurance, covering industrial plants, commercial buildings, machinery, and inventory against fire, lightning, allied perils, floods, storms, and riot and strike damage; marine insurance, encompassing marine cargo, marine hull, inland transit, import-export freight protection, and related transit risks; motor insurance, providing comprehensive and third-party liability coverage for private passenger cars, commercial transport vehicles, motorcycles, and fleet operations; engineering insurance, including contractor all risks, erection all risks, machinery breakdown, boiler explosion, deterioration of stock, and electronic equipment coverage; and miscellaneous insurance, comprising burglary and housebreaking, cash-in-transit, cash-in-safe, cash-on-counter, fidelity guarantee, public liability, workmen compensation, personal accident, and plate glass insurance. In addition, the company provides digital insurance underwriting and claims support to enhance retail accessibility across Bangladesh. In recent developments, the company officially transitioned its corporate name from Islami Commercial Insurance Company Limited to Islami Commercial Insurance PLC to align with statutory regulations for public entities. This follows its successful initial public offering and listing on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker symbol ICICL, which expanded its capital base and public shareholder participation. The company has also continued to upgrade its branch network infrastructure, strengthen its digital policy delivery systems, and broaden its coverage portfolios to support the expanding industrial, logistics, and infrastructure development sectors across Bangladesh. Founded in October 1999, Islami Commercial Insurance PLC is headquartered in Motijheel, Dhaka, Bangladesh, and maintains a nationwide network of branch offices serving clients across major commercial hubs in the country.