International General Insurance Company of Pakistan

International General Insurance Company of Pakistan

IGI Insurance Limited (formerly known as International General Insurance Company of Pakistan Limited) was incorporated in 1953, with Syed Maratib Ali as the first Chairman. IGI, a part of the Packages Group, was listed on the Karachi and Lahore Stock Exchanges in December 1987.

Over the last 50-years IGI has established a sound business footing in the non-life insurance sector in Pakistan on the bases of well-governed operations founded on the highest ethical and moral practices. Today IGI is one of the leading quoted insurance companies of Pakistan with an asset base of over 4 billion rupees and offices in Karachi, Lahore, Islamabad, Sialkot, Multan, Gujranwala and Faisalabad, serving a large number of prestigious local and multinational clients throughout Pakistan.

The Company has been awarded “AA” (Double A) Insurer Financial Strength (IFS) Rating with a Positive Outlook by Pakistan Credit Rating Agency (Private) Limited (PACRA), which denotes a very strong capacity to meet policyholders' and contract obligations. Amongst Pakistan's insurance companies, IGI has one of the HIGHEST Solvency Margins.IGI Insurance Limited has re-insurance agreements with the most prestigious and world-renowned re-insurers such as Swiss Re and Sumitomo Re. The Company is referenced for its good standing and reputation by domestic as well as international reinsures.During the year 2001 (in July 2001) the Company achieved another milestone by obtaining ISO 9002 certification from SGS Malaysia Sdn. Bhd. IGI Insurance was the FIRST general insurance Company in Pakistan, which had achieved this certification for its entire operations.

In 2002, IGI Insurance has been awarded the top 25 companies award by the Karachi Stock Exchange.

In 2003, the Company reaffirmed its commitment to quality by successfully shifting to the new ISO 9001:2000 standard and certified by the certification body - SGS Malaysia.

In line with the Company’s growth strategy, it has acquired the Pakistan operations of Royal and Sun Alliance Plc. U.K. As a result of this transfer, IGI has positioned itself amongst the top five insurance companies operating in Pakistan. IGI Insurance Limited is now a global network partner of Royal and Sun Alliance Plc U.K.

During the year 2006 company start issuing Travel Sure Policy ( A comprehensive travel insurance plan). In 2006 company took over the share of American express bank in IGI Investment Bank Ltd with 24.99% of shareholding. IGI Insurance is now a major Shareholder of IGI Investment Bank Ltd.

During the previous year 2007 company start issuing Home cover policy (a comprehensive insurance policy coverage of Home Property, Contents (furniture, carpets, Electronic Equipment, personal effects, watches clocks and wearing apparels), jewellery (at home or at the locker), Home owner free rent, Home owner free rent and cash at home. Company also start issuing Travel Sure Umrah Plan is an another milestone during that year.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

  • Ministry of Commerce (Pakistan) — Pakistan This article is part of the series: Politics and government of Pakistan …   Wikipedia

  • American International Group — AIG redirects here. For other uses, see AIG (disambiguation). American International Group, Inc. Type Public Traded as NYSE:  …   Wikipedia

  • Government of Pakistan — The Government of Pakistan (Urdu: حکومتِ پاکستان), uses a federal parliamentary system, with a President as the Head of State and an indirectly elected Prime Minister as the Head of Government. About the government The President of Pakistan is… …   Wikipedia

  • Hyundai Motor Company — Hyeondae Jadongcha Jushik hwesa 현대 자동차 주식회사 Type Public Traded as KRX: 005380 …   Wikipedia

  • Communications in Pakistan — Telecommunications in Pakistan describes the overall environment for the growing mobile telecommunications, telephone, and Internet markets in Pakistan. In 2008 Pakistan was the world’s third fastest growing telecommunications market. Pakistan s… …   Wikipedia

  • A History of the Adjutants General of Maryland — Contents 1 The Adjutants General of Maryland 1.1 HENRY CARBERY 1.2 SAMUEL TURBUTT WRIGHT 1.3 JOHN KILTY …   Wikipedia

  • Corn Products International — Corn Products International, Inc. Type Public NYSE: CPO Industry …   Wikipedia

  • Air University (Pakistan) — Infobox University name =Air University established =2002 type =Public endowment = staff = faculty = chancellor =Air Marshal Qazi Javed Ahmed rector = pro rector = students = undergrad = postgrad = doctoral = profess = city =Islamabad state =… …   Wikipedia

  • National Iranian Petrochemical Company — The National Iranian Petrochemical Company (NIPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country s petrochemical… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”