Standard Insurance PLC
DDSE:STANDARINS46.30
BDT
0.00
(0.00%)
ISIN
BD0738STDI01
Return %
Stock
S&P 500
1Y
20.57
14.20
3Y
-7.21
81.12
5Y
-41.98
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
- Mohammad Abdul Matin Sarker
- Full Time Employees
- 273
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Sep 7, 2008
- Website
- standardinsurance.com.bd
- Similar Companies
- Business
- Standard Insurance PLC is a Bangladesh-based general insurance company that provides a comprehensive suite of non-life insurance products, risk management solutions, and underwriting services to individual, commercial, and industrial clients. Founded in 1999 and headquartered in Dhaka, Bangladesh, the company operates through an extensive network of branches distributed across major economic centers, commercial hubs, and industrial zones nationwide. Standard Insurance PLC organizes its business operations across specialized underwriting categories, offering core products and services that include: Fire and Property Insurance, comprising standard fire and allied perils coverage, industrial all risks, business interruption and loss of profits, fire damage, and catastrophe perils including flood, cyclone, earthquake, and riot and strike damage; Marine Insurance, comprising marine cargo coverage for international import and export shipments, domestic transit risks across maritime, air, road, and rail channels, as well as marine hull and machinery insurance covering commercial vessels, inland water transports, and vessel collision liabilities; Motor Insurance, comprising comprehensive motor vehicle coverage, third-party liability protection, commercial fleet insurance, private vehicle policies, motorcycle coverage, and passenger personal accident riders; Engineering Insurance, comprising contractors' all risks (CAR), erection all risks (EAR), machinery breakdown insurance, electronic equipment insurance (EEI), boiler and pressure vessel protection, and deterioration of stock insurance; and Miscellaneous and Casualty Insurance, comprising burglary and housebreaking insurance, cash-in-safe, cash-in-transit, cash-on-counter, fidelity guarantee, public liability, product liability, employers' liability, workmen's compensation, group health and hospitalization insurance, personal accident plans, and overseas mediclaim coverage. The company additionally operates an Islamic insurance (Islami Takaful) window providing non-life Shariah-compliant risk protection solutions. In recent developments, the company transitioned its corporate name from Standard Insurance Limited to Standard Insurance PLC pursuant to regulatory statutory amendments. Operationally, Standard Insurance PLC has expanded its digital insurance infrastructure by introducing automated underwriting workflows, integrated digital policy issuance platforms, and expedited electronic claims processing mechanisms. To broaden market access, the company has forged strategic corporate collaborations, strengthened institutional partnerships to leverage emerging bancassurance distribution channels, enhanced its underwriting risk management and capital adequacy frameworks in accordance with directives from the Insurance Development and Regulatory Authority (IDRA), and extended tailored coverage solutions for small and medium enterprises (SMEs) and specialized industrial sectors.