Asia Insurance Co. Ltd. (Pakistan)
PPSX:ASIC32.76
PKR
0.00
(0.00%)
ISIN
PK0024401017
Return %
Stock
S&P 500
1Y
112.73
14.20
3Y
115.43
81.12
5Y
115.43
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.Company Description
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Lahore Pakistan
- IPO Date
- Dec 7, 1988
- Website
- asiainsurance.com.pk
- Similar Companies
- Business
- Asia Insurance Company Limited is a Pakistan-based non-life insurance and general takaful provider engaged in underwriting a comprehensive portfolio of conventional general insurance and Shariah-compliant takaful solutions for retail, commercial, corporate, and agricultural clients across Pakistan. Founded in 1979 and headquartered in Lahore, Pakistan, the company operates through an extensive branch network across key economic centers nationwide, including Karachi, Islamabad, Rawalpindi, Faisalabad, Multan, Sialkot, and Peshawar. Asia Insurance organizes its underwriting activities into core business segments comprising Fire and Property Damage; Marine, Aviation and Transport; Motor; Health and Personal Accident; Agriculture and Livestock; and Miscellaneous Insurance, alongside a dedicated Window Takaful Operations division. Its product and service offerings include Fire and Allied Perils Insurance, covering industrial complexes, commercial premises, stocks, and residential properties against fire, lightning, explosions, earthquakes, atmospheric disturbances, and riot damage; Marine and Transit Insurance, offering marine cargo import, export, inland transit, and marine hull coverage; Motor Vehicle Insurance, providing comprehensive own-damage, third-party liability, commercial fleet coverage, motor tracker integration, and roadside assistance; Health and Accident Insurance, delivering individual, family, and group health benefit plans, critical illness cover, hospitalization expense reimbursement, and personal accident indemnity; Crop and Livestock Insurance, offering weather-index and area-yield crop protection, livestock mortality cover, dairy herd coverage, and agricultural tractor insurance; and Miscellaneous Liability and Engineering Insurance, including contractor's all risks, erection all risks, machinery breakdown, boiler explosion, cash-in-transit, cash-in-safe, burglary, fidelity guarantee, public liability, product liability, and workmen's compensation. Through its Window Takaful Operations, the company provides Shariah-compliant general takaful schemes across all major non-life classes under the supervision of a dedicated Shariah board. In recent operational and strategic developments, Asia Insurance Company Limited has accelerated its digital transformation initiatives by deploying digital policy issuance systems, online claim registration platforms, and digital client portals to streamline retail distribution. The company has expanded its bancassurance and institutional partnerships with commercial banks and microfinance institutions to enhance retail distribution of health and micro-takaful products. Additionally, Asia Insurance has scaled its agricultural and livestock insurance footprint through collaboration with rural financing programs, strengthened its underwriting risk management by updating reinsurance treaties with domestic and international reinsurers, and reinforced its capital adequacy structure to maintain compliance with the enhanced minimum capital and solvency requirements mandated by the Securities and Exchange Commission of Pakistan.