Meghna Insurance PLC
DDSE:MEGHNAINS32.00
BDT
+0.20
(+0.63%)
ISIN
BD0754MICL05
Return %
Stock
S&P 500
1Y
10.73
14.20
3Y
-23.44
81.12
5Y
- -
68.34
Capital Structure
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- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Jun 8, 2022
- Website
- micl.com.bd
- Similar Companies
- Business
- Meghna Insurance PLC is a Bangladesh-based non-life general insurance company that underwrites and provides a comprehensive portfolio of conventional and Islamic general insurance products to corporate, commercial, industrial, and individual clients. Founded in 1996 and headquartered in Dhaka, Bangladesh, the company operates across major metropolitan and regional commercial centers throughout the country via an extensive branch network. Meghna Insurance PLC provides risk management and insurance solutions across multiple core business segments: Fire Insurance, which includes standard fire and allied perils insurance, industrial all risks (IAR), business interruption, and property damage coverage; Marine Insurance, which encompasses marine cargo insurance covering transit across sea, air, road, rail, and inland waterways, as well as marine hull and machinery insurance; Motor Insurance, comprising comprehensive and third-party liability coverage for commercial transport fleets, private motor vehicles, motorcycles, and passenger carriers; Engineering Insurance, providing contractor's all risks (CAR), erection all risks (EAR), machinery breakdown, electronic equipment insurance (EEI), boiler and pressure vessel, and deterioration of stock coverage; Miscellaneous and Casualty Insurance, including burglary and housebreaking, cash-in-transit, cash-in-safe, cash-on-counter, fidelity guarantee, banker's blanket, personal accident, group hospitalization, public liability, product liability, professional indemnity, and workmen's compensation insurance; and Specialized Takaful Services, delivering Shariah-compliant non-life Islamic insurance solutions across standard risk categories. In recent developments, Meghna Insurance PLC completed its initial public offering and listing on both the Dhaka Stock Exchange and the Chittagong Stock Exchange, while formally converting its corporate name to Meghna Insurance PLC in compliance with regulatory and statutory company guidelines. The company has accelerated its digital transformation roadmap by launching web-based policy issuance platforms, integrated electronic payment gateways, and automated claims tracking systems to streamline customer onboarding and improve operational turnaround times. In addition, Meghna Insurance PLC has strengthened its reinsurance framework in partnership with Sadharan Bima Corporation and international reinsurers, while broadening its underwriting focus toward small and medium-sized enterprise (SME) coverage, supply-chain logistics protection, and large-scale domestic infrastructure projects.