Phoenix Insurance PLC
DDSE:PHENIXINS43.50
BDT
-0.30
(-0.68%)
ISIN
BD0707PHOI02
Return %
Stock
S&P 500
1Y
58.76
14.20
3Y
12.11
81.12
5Y
-22.74
68.34
Capital Structure
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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.Company Description
- CEO
- Mohammad Rafiqur Rahman
- Full Time Employees
- 311
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- Website
- phoenixinsurance.com.bd
- Similar Companies
- Business
- Phoenix Insurance PLC is a Bangladesh-based non-life general insurance company engaged in providing a comprehensive range of commercial, industrial, and personal insurance products and risk management services. Founded in 1986 and headquartered in Dhaka, Bangladesh, the company serves individual, small and medium enterprise (SME), and large corporate clients through an extensive nationwide network of branch offices. Phoenix Insurance PLC provides underwriting coverage across multiple primary business lines, including fire insurance, comprising standard fire, industrial all risks (IAR), comprehensive fire and special perils, and consequential loss or business interruption coverage; marine insurance, comprising marine cargo insurance for ocean, river, road, rail, and air transit, as well as marine hull coverage; motor insurance, encompassing private and commercial motor vehicle policies, motor fleet coverage, and third-party liability insurance; engineering insurance, comprising contractor's all risks (CAR), erection all risks (EAR), machinery breakdown, boiler and pressure vessel, and electronic equipment insurance; and miscellaneous casualty insurance, including burglary and housebreaking, cash-in-safe, cash-in-transit, fidelity guarantee, workmen's compensation, group hospitalization and personal accident, public liability, and product liability protection. The company additionally offers Shariah-compliant non-life insurance solutions through its dedicated Islamic Insurance (Takaful) operations. In recent developments, the company amended its corporate name from Phoenix Insurance Company Limited to Phoenix Insurance PLC to comply with statutory naming standards for public listed companies in Bangladesh. The company has also undertaken ongoing digital transformation initiatives across its core operations, implementing automated policy management and digital claims tracking systems, strengthening its reinsurance arrangements and risk management protocols in alignment with Insurance Development and Regulatory Authority (IDRA) guidelines, and broadening its SME and corporate customer reach across major regional commercial hubs.