Pioneer Insurance PLC
DDSE:PIONEERINS65.70
BDT
+0.40
(+0.61%)
ISIN
BD0720PINS03
Return %
Stock
S&P 500
1Y
33.18
14.20
3Y
6.58
81.12
5Y
-24.90
68.34
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
- Syed Shahriyar Ahsan
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Tejgaon Bangladesh
- IPO Date
- Apr 16, 2001
- Website
- pioneerinsurance.com.bd
- Similar Companies
- Business
- Pioneer Insurance PLC is a Bangladesh-based non-life general insurance company that underwrites, manages, and distributes a wide portfolio of conventional and specialized property and casualty insurance products to corporate, industrial, commercial, small and medium-sized enterprise, and individual clients. The company operates across multiple insurance business segments, offering systematic underwriting solutions comprising fire insurance, which includes standard fire and allied perils coverage, consequential loss and business interruption protection, and industrial all-risks policies; marine insurance, which includes marine cargo transit coverage for import and export shipments, marine freight protection, and marine hull and machinery insurance; motor insurance, which includes comprehensive and third-party liability coverage for private passenger vehicles, commercial fleets, and motorcycles; engineering insurance, which includes contractor's all-risks, erection all-risks, machinery breakdown, boiler and pressure vessel, deteriorated inventory, and electronic equipment insurance; and miscellaneous casualty insurance, which includes burglary and housebreaking coverage, cash-in-transit and cash-in-safe protection, fidelity guarantee, workmen's compensation, public liability, product liability, personal accident coverage, overseas mediclaim, and corporate group health and hospitalization plans. Founded in 1996 and headquartered in Dhaka, Bangladesh, Pioneer Insurance PLC conducts underwriting operations across an extensive nationwide network of regional and urban branch offices. In recent developments, the company formally transitioned its legal corporate identity from Pioneer Insurance Company Limited to Pioneer Insurance PLC in compliance with national statutory governance mandates. In response to recent regulatory frameworks introduced by the Insurance Development and Regulatory Authority and Bangladesh Bank, the company has formed strategic bancassurance alliances with leading commercial banks to distribute non-life insurance products through integrated banking networks. Operationally, Pioneer Insurance PLC has expanded its digital service infrastructure by rolling out web-based underwriting portals for direct digital policy issuance, modernizing core insurance enterprise systems, launching tailored microinsurance products for small businesses, and implementing automated claims processing protocols to streamline client settlements.