Nitol Insurance PLC
DDSE:NITOLINS57.20
BDT
+1.30
(+2.33%)
ISIN
BD0727NITI04
Return %
Stock
S&P 500
1Y
111.07
14.20
3Y
40.99
81.12
5Y
3.91
68.34
Capital Structure
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- CEO
- S. M. Mahbubul Karim
- Full Time Employees
- 236
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Jul 24, 2005
- Website
- nitolinsurance.com
- Similar Companies
- Business
- Nitol Insurance PLC is a Bangladesh-based non-life general insurance company that underwrites and provides a comprehensive portfolio of conventional non-life insurance policies to corporate, industrial, commercial, and individual clients. Founded in 1999 and headquartered in Dhaka, Bangladesh, the company operates as a member of the Nitol-Niloy Group and distributes its insurance solutions through an extensive nationwide network of automated branch offices. Nitol Insurance PLC structures its core offerings across several primary business segments: Fire and Property Insurance, comprising coverage for fire and allied perils, industrial all risks, hotel owner risks, property damage, and power plant operational packages; Marine Insurance, including marine cargo protection for transit across sea, air, rail, and road networks, as well as marine hull coverage for inland and ocean-going vessels; Motor Insurance, delivering comprehensive and liability policies for private passenger vehicles, commercial fleets, motorcycles, and motor trade operations; Engineering Insurance, encompassing contractor all risks, erection all risks, machinery breakdown, boiler and pressure vessel protection, and electronic equipment coverage; Miscellaneous and Financial Lines, including cash-in-safe, cash-in-transit, money insurance, fidelity guarantees, public liability, product liability, commercial general liability, and workmen compensation; Health and Specialized Travel Coverage, consisting of group health insurance programs and overseas mediclaim policies tailored for corporate business travel, tourism, and international studies; and Agricultural Insurance, providing financial protection against crop failures and livestock losses. In recent developments, the company formally updated its corporate identity to Nitol Insurance PLC to align with regulatory naming standards for public limited enterprises, while actively expanding its strategic distribution infrastructure by establishing bancassurance distribution partnerships with prominent commercial banks across Bangladesh to extend non-life coverage into underserved rural, retail, and SME banking segments alongside ongoing investments in real-time digital policy issuance and centralized claims processing platforms.