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We’ve got you covered
We’ve got you covered
Member Companies
• Asia Insurance Company Ltd.
• Falcon Engineering Services
• Omega Project Management and Consultancy
(OPMAC) (Pvt.) Ltd.
• C Soft (Pvt.) Ltd.
• Zee Que Track Solutions (Pvt.) Ltd.
www.asiainsurance.com.pk [email protected]
Q GROUP
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Introduction toAsia Insurance Company Ltd.
• Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980.
• The Company is listed and quoted on Pakistan Stock Exchange.
• We are Authorized by Security Exchange Commission of Pakistan (SECP) to transact all classes of General Insurance business including but not limited to Fire and Allied Perils; Marine Cargo; Marine Hull; Motor, Machinery Breakdown, CAR, EAR, Health, and Travel etc.
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Credit Rating
• As a sign of Asia Insurance’s growing stature the Company has seen a consistent
increase in its Insurer Financial Strength (IFS) rating by the Pakistan Credit
Rating Agency (PACRA).
• PACRA currently rates Asia Insurance as ‘A’ (Positive outlook).
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Vision
• Asia Insurance Company Ltd. aims to be an ideal Insurance Company
with a large equity base; To provide more opportunities and options
for utilization of funds and to increase profitability through economies
of scale, better resource mobilization and reduction in operational
cost; To achieve this while providing better service to our clients and
stakeholders
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Mission
• Provide excellent services by way of best risk management and hassle-
free settlement of claims through a nation-wide network of branches
manned by a sound, dynamic team, ensuring good governance.
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• FireThe business written ranges from simple commercial property risks to the largest and most sophisticated industrial and energy risks.
• Allied PerilsImpact damage, Earthquakes, Atmospheric Disturbance, Electrical clause B, Terrorism, Flood damage, Riot and Strike damage, Burglary and Malicious damage.
Fire & Allied perils
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• Products ranging from Minimum protection (third party liability) to comprehensive products
• Free cost of tracker installation
• Web based online tracking for self monitoring
• Online Claim intimation
Motor
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• Marine Cargo
a) Imports
b) Exports
c) Inland Transit
• Marine Hull
• Marine Umbrella
Marine
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• Machinery Breakdown
• Electronic Equipment
• Computer All Risk
• Contractors’ All Risk
• Contractors’ Plant & Machinery
• Erection All Risk
Engineering
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• Burglary
• Public Liability
• Personal Accident
• Cash in safe/Cash in transit/Cash in counter
• Workmen's Compensation
• Fidelity Guarantee
• Mobile Insurance and others
Miscellaneous
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
Comprehensive and adequate protection against loss or damage in:
• Contract works of civil engineering projects
• Construction plant and equipment
• Construction machinery
• Consequential third party claims in respect of property damage or
bodily injury
Contractors’ all risk
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
Comprehensive and adequate protection against loss or damage:
• during the period and stages of erection of the machinery
• plant and steel structures of any kind
• Consequential third party claims in respect of property damage or
bodily injury
Erection all risk
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
Features
• comprehensive insurance to contractor's plant &machinery and steel structures of
any kind
• Offers loss or damage occurring at work, at rest, during maintenance or during the
transit of equipment
• Not limited to a specific construction site
Contractor's Plant and Machinery
Insurance
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
We Provide Cover for:
• Expensive Plant & Machinery
• Electrical Equipment
• Mechanical Equipment
• Covers unforeseen and sudden physical loss or damage from causes not
specifically excluded
Machinery and Electrical Equipment
We’ve got you coveredwww.asiainsurance.com.pk [email protected]
Products
• Providing expert advice on the interpretation and performance of
contractual obligations
• Prompt settlement of claims
• Online Policy Verification
• Online quotation and purchase of policy
• Developing innovative and tailor made solutions
• Cost effective insurance solutions
Distinguishing Features relating to
products
We’ve got you coveredwww.asiainsurance.com.pk
Banks Autonomous Bodies
•National Bank Limited
•Summit Bank Limited
•Faysal Bank Limited
•Soneri Bank Limited
•Zarai Taraqiati Bank Limited
•Punjab Provincial Cooperative Bank
Limited
•Azad Jamu & Kashmir Bank Ltd
• JS Bank
•NRSP Microfinance Bank
•LiveStock & Dairy Development
Department Punjab
•Lahore Development Authority (LDA)
•Lahore Waste Management Company
•The Tourism Development Corporation of
Punjab
•TEPA
•TEVTA
•Air Weapon Complex
Corporate
Clients
We’ve got you coveredwww.asiainsurance.com.pk
EngineeringTextile and Cotton Industries
• North East China Electric Power
Corporation, Al-Hussain Trader (JV)
• Pak Elektron Ltd (PEL)
• Dynasel (Pvt) Ltd (Nobel T.V)
• Descon Engineering
• I Condor Telecom (Pvt) Ltd
• Usman & Company
• Yu & Co (JV)
• Lahore Cable
• Nasir Mehmood Construction Company
• M.Saeed & Co Contractor
• AZ Apparel (Pvt) Ltd
• AA Fabric Faisalabad
• Mariyum Fabric
• AQ Textile (Pvt) Ltd.
• Zafar Fabric Textile
• Tounsa Sharif D.G Khan
• Mukaram Cotton Ginning & Pressing Factory
• Millat Cotton Industries Liaqat Pur
• Muhkam Cotton Industries Bahawalpur
Corporate
Clients
We’ve got you coveredwww.asiainsurance.com.pk
Exporters Others
• Pak Agro Packaging (Pvt) Ltd
• JWD Grower s
• Matrix Dairy Farm(ZE)
• The Lotus Hotel Lahore
• Kitchen Cousine (Pvt) Ltd
• K.C Grill
• Fauji Fertilizer Bin Qasim
• Fauji Cement Company Ltd.
• Agrulix Cehmicals
• Aziz Industries
• Mansoor Steel
• Mughal Steel
• Shalimar Steel
• Toyota Gujranwala Motor
• Sitara Petroleum Service (Transport Wing)
Corporate
Clients
• AB Export (Pvt) Ltd. Faisalabad
• Al-Rehman Cloth Export (Pvt) Ltd.
Faisalabad
• Noori International
• Arshad Brothers
• VIP wears (Pvt) Ltd
• Moltex Sporting Goods (Pvt) Ltd
• QNB Sports Industries
• Manawar Industries
• Surgi care (Pvt) Ltd Sialkot
• Pak Smith (Pvt) Ltd Sialkot
• Vision Technology Sialkot
• PIc Pack Industries Sialkot
We’ve got you coveredwww.asiainsurance.com.pk
Re-Insurers
Sound reinsurance arrangements with leading re-insurers of the
world
Re-Insurers Rating Rating Agency
Hannover Re (Germany) AA+ Standard & Poor
Pakistan Re (Pakistan) AA JCR-VIS
Trust Re (Bahrain) A- Standard & Poor
Labuan Re (Malaysia) A- A M Best
Saudi Re (Saudi Arabia) BBB+ Standard & Poor
We’ve got you coveredwww.asiainsurance.com.pk
Business
Performance
stellar Business Performance
Line Item Year 2016 Year 2015 Year 2014 Year 2013
Rupees in Million
Balance Sheet
Equity 559 488 419 372
Investments 219 335 320 289
Fixed Assets 250 215 206 193
Total Assets 1055 953 813 667
Profit & Loss
Gross Premium 540 450 305 154
Claims Paid 124 87 57 37
Profit After Tax 71 68 48 20
EPS (Rs.) 1.58 1.52 1.58 0.651
We’ve got you coveredwww.asiainsurance.com.pk
Business
Performance
Gross Premium for the last 4 years
0
100
200
300
400
500
600
Year 2016 Year 2015 Year 2014 Year 2013
Gross Premium(in Million Rupees)
Gross Premium
We’ve got you coveredwww.asiainsurance.com.pk
Treaty Limits
Due to substantial improvement in our business performance in last
three years, our reinsurers have steeply enhanced our treaty limits.
Class of Business
Treaty Limits
2016 2015 2014
Fire 400,000,000 300,000,000 150,000,000
Marine Cargo 150,000,000 150,000,000 78,000,000
Vehicle (Motor) 8,200,000 7,000,000 5,000,000
Engineering 50,000,000 50,000,000 50,000,000
Miscellaneous 10,000,000 10,000,000 10,000,000
Bond 30,000,000 20,000,000 20,000,000
We’ve got you coveredwww.asiainsurance.com.pk
Asia Window Takaful caters to almost all the needs of individual and
corporate clients
25
Asia Window
Takaful
We’ve got you coveredwww.asiainsurance.com.pk
Shadman Lhr Gulberg Lhr Taj Arcade LhrSharja Centre
LhrBarkat
Market Lhr
Gulberg LhrMumtaz
Centre LhrModel Town
LhrFaisalabad Faisalabad 2
Sialkot Sialkot 2Sialkot
CorporateMultan Multan 2
Multan Corporate
Sadiqabad Rawalpindi Rawalpindi 2 Sargodha
Bhawalpur Peshawar Abbottabad Muzaffarabad Hyderabad
Karachi Karachi 2 Karachi 3 Karachi 4 Karachi 5
26
Branch Network
We’ve got you coveredwww.asiainsurance.com.pk 27
Branch NetworkAsia Insurance Co. Ltd.
We’ve got you coveredwww.asiainsurance.com.pk