Karnaphuli Insurance PLC
DDSE:KARNAPHULI51.70
BDT
-0.80
(-1.52%)
ISIN
BD0710KPICL2
Return %
Stock
S&P 500
1Y
64.65
14.39
3Y
37.87
81.42
5Y
23.68
68.62
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- A. N. M. Fazlul Karim Munshi
- Full Time Employees
- 352
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- Website
- kiclbd.com
- Similar Companies
- Business
- Karnaphuli Insurance PLC is a Bangladesh-based general insurance company that provides non-life insurance and risk underwriting products and services to individual, commercial, and industrial clients. The company operates through four core business segments: Fire Insurance, Marine Insurance, Motor Insurance, and Miscellaneous and Engineering Insurance. Its Fire Insurance offerings include fire and allied perils insurance; industrial all risks (IAR); consequential loss and business interruption; and property damage coverage. Its Marine Insurance segment provides marine cargo insurance covering import, export, and inland transit risks across sea, air, rail, and road; marine hull insurance; and freight insurance. Its Motor Insurance portfolio comprises comprehensive motor vehicle insurance and third-party liability coverage for private motor cars, commercial transport vehicles, passenger fleets, and motorcycles. Its Miscellaneous and Engineering Insurance segment offers contractor's all risks (CAR); erection all risks (EAR); machinery breakdown insurance; electronic equipment insurance; boiler and pressure vessel protection; burglary and housebreaking insurance; cash-in-transit, cash-in-safe, and cash-on-counter coverage; fidelity guarantee; workmen's compensation; personal accident; public liability; and overseas mediclaim insurance. Karnaphuli Insurance PLC operates nationwide across Bangladesh through an extensive network of branch offices located in key commercial, industrial, and metropolitan hubs. In recent developments, the company formally amended its corporate name from Karnaphuli Insurance Company Limited to Karnaphuli Insurance PLC in compliance with regulatory amendments governing publicly listed companies. The company has also undertaken digital transformation initiatives to modernize its core insurance software, enabling digital policy issuance, electronic premium collection, and automated claims settlement workflows. Furthermore, Karnaphuli Insurance PLC has focused on operational expansion and institutional collaboration, preparing for bancassurance distribution partnerships under the joint regulatory framework of the Insurance Development and Regulatory Authority (IDRA) and Bangladesh Bank, while strengthening its solvency margin and risk underwriting capacity in the infrastructure, ready-made garments, and small-to-medium enterprise (SME) sectors. Karnaphuli Insurance PLC was incorporated in 1986 and is headquartered in Dhaka, Bangladesh.