Purabi General Insurance Co. Ltd.
DDSE:PURABIGEN28.10
BDT
+1.40
(+5.24%)
Purabi General Insurance Co. Ltd.
DSE:PURABIGEN
(Dhaka Stock Exchange)
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28.10
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- Business
- Purabi General Insurance Company Limited is a Bangladesh-based general insurance enterprise that underwrites and provides non-life insurance products and risk management solutions to retail, commercial, corporate, and industrial clients across Bangladesh. The company operates through five core business segments: Fire, Marine, Motor, Engineering, and Miscellaneous Insurance. Its comprehensive portfolio of products and services includes Fire Insurance, which covers standard fire and lightning, allied perils, business interruption, riot and strike damage, malicious damage, earthquake, flood, and storm-related hazards; Marine Insurance, comprising marine cargo coverage for import, export, and inland transit across sea, air, road, and rail routes, as well as marine hull and machinery indemnity; Motor Insurance, offering comprehensive and third-party liability protection for private passenger cars, commercial vehicle fleets, trucks, buses, and two-wheelers; Engineering Insurance, featuring contractors all risks (CAR), erection all risks (EAR), machinery breakdown, boiler and pressure vessel explosion, deterioration of stock, and electronic equipment insurance; and Miscellaneous Accident Insurance, encompassing personal accident, workmen compensation, burglary and housebreaking, cash-in-transit, cash-in-safe, fidelity guarantee, public liability, and overseas travel and health insurance. In recent operational and strategic developments, Purabi General Insurance Company Limited has undertaken significant digital transformation initiatives by deploying automated underwriting frameworks, centralized core insurance software, and electronic claims management workflows to enhance operational efficiency in accordance with Insurance Development and Regulatory Authority (IDRA) guidelines. The company has also restructured its reinsurance treaty arrangements with state and international reinsurance partners to elevate underwriting retention limits, expanded its nationwide branch distribution footprint across emerging economic and industrial zones, and introduced customized SME risk coverage packages to support Bangladesh growing manufacturing and commercial trade sectors. Founded in 1988, Purabi General Insurance Company Limited is headquartered in Dhaka, Bangladesh.