Reliance Insurance PLC
DDSE:RELIANCINS93.50
BDT
-0.80
(-0.85%)
Reliance Insurance PLC
DSE:RELIANCINS
(Dhaka Stock Exchange)
Recent
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93.50
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ROIC.AI
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- Business
- Reliance Insurance PLC is a Bangladesh-based non-life insurance company that underwrites and distributes a comprehensive range of general insurance products, risk management solutions, and claims administration services to corporate, industrial, commercial, financial, and individual clients. The company operates through key business segments comprising Fire, Marine, Motor, Engineering, Liability, Health and Accident, Aviation, and Miscellaneous insurance. Its systematic product and service portfolio includes fire and allied perils, property damage all risks, and industrial all risks insurance; marine cargo coverage covering transit by ocean, air, rail, and road, alongside marine hull and machinery insurance; private, commercial, and specialized motor vehicle insurance; engineering insurance solutions such as contractors all risks, erection all risks, machinery breakdown, electronic equipment, boiler and pressure vessel, and oil and gas well drilling equipment coverage; liability lines encompassing commercial general liability, public liability, product liability, directors and officers liability, cyber liability, and professional indemnity; institutional financial risk products comprising bankers blanket bonds, cash in transit, cash in safe, cash on counter, fidelity guarantees, and burglary insurance; aviation hull and liability coverage; and personal lines spanning group health insurance, personal accident, workmen compensation, clinical trial insurance, crop and livestock insurance, and overseas mediclaim and travel insurance. Founded in 1988 and supported by prominent sponsor groups including the Transcom Group and Rangs Group, the company is headquartered in Dhaka, Bangladesh, and operates across the country through an extensive network of over 30 branch offices situated in major industrial and commercial hubs including Dhaka, Chittagong, Sylhet, Khulna, Rajshahi, and Bogra. In recent developments, the company formally transitioned its legal corporate status to Reliance Insurance PLC, relocated its principal corporate operations to its new permanent corporate headquarters at Reliance Insurance Tower in Gulshan, Dhaka, and achieved market leadership as Bangladesh's largest non-life insurer by gross premium income. Furthermore, the company has expanded its specialized underwriting portfolio into emerging segments such as cyber risk, microinsurance, and agricultural insurance, while advancing its digital underwriting and IT-enabled claims settlement infrastructure.