Sena Insurance PLC

Sena Insurance PLC

DDSE:SIPLC
135.00
BDT
+2.00
(+1.50%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

Sector
Finance
Industry
Insurance brokers/Services
Address
Mohakhali Bangladesh
IPO Date
Nov 8, 2021
Business
Sena Insurance PLC, formerly known as Sena Kalyan Insurance Company Limited, is a Bangladesh-based non-life insurance provider engaged in underwriting and distributing a comprehensive portfolio of general insurance products and risk management services to corporate, institutional, defense, and individual clients. The company operates across multiple core underwriting segments, offering Fire Insurance, including coverage for fire and allied perils, industrial all risks, and property all risks; Marine Insurance, comprising marine cargo insurance for international import and export shipments, inland transit coverage, and marine hull insurance; Engineering Insurance, encompassing contractor's all risks, erection all risks, machinery breakdown, boiler and pressure vessel insurance, deterioration of stock, and electronic equipment protection; Motor Insurance, delivering comprehensive and third-party liability coverage for commercial vehicles, private automobiles, and motorcycles; Aviation Insurance, providing specialized aircraft hull, spares, and aviation liability coverage; and Miscellaneous and Accident Insurance, including personal accident schemes, group health and hospitalization plans, overseas mediclaim, burglary and housebreaking insurance, cash-in-safe, cash-in-transit, fidelity guarantee, public and product liability, workmen's compensation, and specialized livestock and cattle insurance. Incorporated in 2013 and operating as an enterprise under the Sena Kalyan Sangstha of the Bangladesh Armed Forces, the company is headquartered in Dhaka, Bangladesh, and provides coverage nationwide through an extensive branch network. In recent corporate developments, the company officially rebranded and changed its legal name from Sena Kalyan Insurance Company Limited to Sena Insurance PLC in September 2024 in accordance with statutory corporate amendments. Operationally, the company has accelerated its digital transformation by implementing artificial intelligence-assisted underwriting, optical character recognition-enabled customer onboarding, and automated policy issuance integrated with mobile financial service platforms and digital payment gateways. Furthermore, the company has expanded its distribution capabilities through strategic bancassurance and institutional partnerships, including agreements with commercial banking partners such as NRB Bank PLC, alongside collaborations aimed at scaling agricultural and micro-insurance solutions.