Paramount Insurance PLC.
DDSE:PARAMOUNT64.50
BDT
+0.40
(+0.62%)
Paramount Insurance PLC.
DSE:PARAMOUNT
(Dhaka Stock Exchange)
Recent
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64.50
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div
yld
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ROIC.AI
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- Business
- Paramount Insurance PLC is a Bangladesh-based non-life insurance company that underwrites and distributes general insurance, reinsurance, and risk management solutions to industrial, corporate, commercial, and individual clients. Founded in 1999 and headquartered in Dhaka, Bangladesh, the company conducts its underwriting operations across a nationwide network of strategic branch offices. The company's core product portfolio is organized into specialized underwriting divisions, offering Fire Insurance, comprising fire and allied perils, industrial all risks, consequential loss, and comprehensive property damage coverage; Marine Insurance, including marine cargo, marine hull, ocean transit, freight, and inland transportation protection; Motor Insurance, providing comprehensive, third-party liability, and commercial fleet vehicle policies; Engineering Insurance, encompassing contractors all risks, erection all risks, machinery breakdown, electronic equipment coverage, and boiler and pressure vessel insurance; and Miscellaneous and Casualty Insurance, offering cash-in-transit, cash-in-safe, cash-on-counter, burglary and housebreaking, fidelity guarantee, public and product liability, workmen compensation, group personal accident, and corporate health insurance schemes. In addition, the company operates an Islamic Insurance (Takaful) division delivering a full suite of Shariah-compliant general takaful contracts. In recent developments, the company amended its legal name from Paramount Insurance Company Limited to Paramount Insurance PLC to conform with regulatory modernization acts. Concurrently, Paramount Insurance PLC has expanded its business operations through the implementation of digital policy issuance and claims processing platforms, broadened its underwriting exposure to large-scale infrastructure and industrial development projects, strengthened its risk syndication agreements with regional and international reinsurance partners, and maintained strong credit ratings and claim-paying solvency margins.