Insurance Companies Names insurance companies in Pakistan
Content
G. Insurance Industry in Pakistan
31 active general insurance companies including a state owned and three Takaful. Sector Public (National Insurance Corporation) Private Sector –General Insurance (Non Takaful) Private Sector –General Takaful Active companies 1 27 3 Market Share (GPW- 2010) 14% 85% 1%
Identifying Customers and Suppliers:
Suppliers
SECP Issues license to issue insurance policy Banks: Require their borrowers to get insurance for the underlying assets (leased vehicles, pledged stocks, mortgaged fixed assets, etc) held as collateral/ security of borrowings. Intermediary: Agents
Customers:
Banks, Large Corporate, MNCs, and Individuals
Structure of Insurance Industry:
The insurance market in Pakistan is broadly categorized in two main classes, life insurance and non-life insurance. Moreover, the country has one reinsurance company that carries out reinsurance activities and further spreads the risks.
Updated feb. 10, 2013 (http://economicpakistan.wordpress.com/2008/01/13/list-of-insurancecompanies-in-pakistan/) http://www.sbp.org.pk/departments/stats/funds_flow/appendix%20v.pdf
I. Public sector
1. National Insurance Corporation 2. Pakistan Reinsurance Company Ltd. 3. Postal Life Insurance 4. State Life Insurance Corporation Ltd.
II. Private sector a) Incorporated in Pakistan 1. Adamjee Insurance Company Ltd. 2. Agro General Insurance Company Ltd. 3. Allianz EFU Health Insurance Company Ltd. 4. Alpha Insurance Company Ltd. 5. Amercian Life Insurance Company Ltd. 6. Asia Insurance Company Ltd. 7. Asian Mutual Insurance Company Ltd. 8. Askari General Insurance Company Ltd. 9. Beema Insurance Company Ltd. 10. Business & Industrial Insurance Company Ltd. 11. Capital Insurance Company Ltd. 12. Central Insurance Company Ltd. 13. Century Insurance Company Ltd. 14. Commercial Union Life Assurance Company 15. Co-operative Insurance Society of Pakistan Ltd. 16. Credit Insurance Company Ltd. 17. Crescent Star Insurance Company Ltd. 18. Dadabhoy Insurance Company Ltd. 19. Delta Insurance Company Ltd. 20. E.F.U.General Insurance Company Ltd. 21. E.F.U.Life Insurance Company Ltd. 22. East West Insurance Company Ltd. 23. Excel Insurance Company Ltd. 24. Gulf Insurance Company Ltd. 25. Habib Insurance Company Ltd. 26. Indus International Insurance Company Ltd.
27. International General Insurance Co. of Pak 28. Ittefaq General Insurance Company Ltd. 29. Jupiter Insurance Company Ltd. 30. Metropoliton Life Assurance Company Ltd. 31. Muslim Insurance Company Ltd. 32. National General Insurance Company Ltd. 33. New Jubilee Insurance Comapny Ltd. 34. North Star Insurance Company Ltd. 35. Orient Insurance Company Ltd. 36. Pakistan General Insurance Company Ltd. 37. Pakistan Guarantee Insurance Company Ltd. 38. Pakistan Mutual Insurance Company Ltd. 39. Platinum Insurance Company Ltd. 40. Premier Insurance Company Ltd. 41. Prime Insurance Company Ltd. 42. Raja Insurance Company Ltd. 43. Reliance Insurance Company Ltd. 44. Seafield Insurance Company Ltd. 45. Security General Insurance Company Ltd. 46. Shaheen Insurance Company Ltd. 47. Sliver Star Insurance Company Ltd. 48. Union Insurance Company of Pakistan Ltd. 49. United Insurance Company of Pakistan Ltd. 50. Universal Insurance Company Ltd. b) Incorporated abroad 1. ACE Insurance Aid Pacific Ltd. 2. CGU Assurance Company Ltd. 3. New Hampshire Insurance Company Ltd. 4. New Zealand Insurance Company Ltd. 5. Royal & Sun Alliance Assurance plc.
MEMBER LIST OF “THE INSURANCE ASSOCIATION OF PAKISTAN”
Non Life 1. ACE Insurance Ltd. 2. Adamjee Insurance Co. Ltd. 3. Alfalah Insurance Company Ltd. 4. Alpha Insurance Co. Ltd.
5. Asia Insurance Company Limited 6. Askari Gen. Ins. Co. Ltd. 7. Atlas Insurance Limited, 8. Century Insurance Co.Ltd. 9. Cooperative Ins. Society of Pak. Ltd. 10. Crescent Star Ins. Co. Ltd. 11. East West Insurance Co. Ltd. 12. EFU General Ins. Ltd. 13. Excel Insurance Co. Ltd. 14. Habib Insurance. Co. Ltd. 15. IGI Insurance Limited 16. Jubilee General Insurance Company Limited 17. New Hampshire Insurance Company. 18. PICIC Insurance Limited 19. Premier Insurance Limited 20. Reliance Insurance Co. Ltd. 21. Saudi Pak Insurance Company Ltd 22. Security Gen. Ins. Co. Ltd. 23. Shaheen Ins. Co. Ltd. 24. Silver Star Ins. Co. Ltd. 25. The Pakistan Gen. Ins. Co. Ltd. 26. TPL Direct Insurance Limited 27. UBL Insurers Limited 28. United Ins. Co. of Pak. Ltd. 29. Universal Ins. Co. Ltd.
LIFE MEMBERS OF “THE INSURANCE ASSOCIATION OF PAKISTAN”
1. Adamjee Life Assurance Company Ltd 2. American Life Insurance Co.(Pak.) Ltd. 3. Asia Care health & Life Insurance Co. Ltd. 4. East West Life Assurance Company Ltd. 5. EFU Life Assurance Limited 6. Jubilee Life Insurance Company Ltd. 7. State Life Insurance Corporation of Pakistan
31 active general insurance companies including a state owned and three Takaful. Sector Public (National Insurance Corporation) Private Sector –General Insurance (Non Takaful) Private Sector –General Takaful Active companies 1 27 3 Market Share (GPW- 2010) 14% 85% 1%
Identifying Customers and Suppliers:
Suppliers
SECP Issues license to issue insurance policy Banks: Require their borrowers to get insurance for the underlying assets (leased vehicles, pledged stocks, mortgaged fixed assets, etc) held as collateral/ security of borrowings. Intermediary: Agents
Customers:
Banks, Large Corporate, MNCs, and Individuals
Structure of Insurance Industry:
The insurance market in Pakistan is broadly categorized in two main classes, life insurance and non-life insurance. Moreover, the country has one reinsurance company that carries out reinsurance activities and further spreads the risks.
Updated feb. 10, 2013 (http://economicpakistan.wordpress.com/2008/01/13/list-of-insurancecompanies-in-pakistan/) http://www.sbp.org.pk/departments/stats/funds_flow/appendix%20v.pdf
I. Public sector
1. National Insurance Corporation 2. Pakistan Reinsurance Company Ltd. 3. Postal Life Insurance 4. State Life Insurance Corporation Ltd.
II. Private sector a) Incorporated in Pakistan 1. Adamjee Insurance Company Ltd. 2. Agro General Insurance Company Ltd. 3. Allianz EFU Health Insurance Company Ltd. 4. Alpha Insurance Company Ltd. 5. Amercian Life Insurance Company Ltd. 6. Asia Insurance Company Ltd. 7. Asian Mutual Insurance Company Ltd. 8. Askari General Insurance Company Ltd. 9. Beema Insurance Company Ltd. 10. Business & Industrial Insurance Company Ltd. 11. Capital Insurance Company Ltd. 12. Central Insurance Company Ltd. 13. Century Insurance Company Ltd. 14. Commercial Union Life Assurance Company 15. Co-operative Insurance Society of Pakistan Ltd. 16. Credit Insurance Company Ltd. 17. Crescent Star Insurance Company Ltd. 18. Dadabhoy Insurance Company Ltd. 19. Delta Insurance Company Ltd. 20. E.F.U.General Insurance Company Ltd. 21. E.F.U.Life Insurance Company Ltd. 22. East West Insurance Company Ltd. 23. Excel Insurance Company Ltd. 24. Gulf Insurance Company Ltd. 25. Habib Insurance Company Ltd. 26. Indus International Insurance Company Ltd.
27. International General Insurance Co. of Pak 28. Ittefaq General Insurance Company Ltd. 29. Jupiter Insurance Company Ltd. 30. Metropoliton Life Assurance Company Ltd. 31. Muslim Insurance Company Ltd. 32. National General Insurance Company Ltd. 33. New Jubilee Insurance Comapny Ltd. 34. North Star Insurance Company Ltd. 35. Orient Insurance Company Ltd. 36. Pakistan General Insurance Company Ltd. 37. Pakistan Guarantee Insurance Company Ltd. 38. Pakistan Mutual Insurance Company Ltd. 39. Platinum Insurance Company Ltd. 40. Premier Insurance Company Ltd. 41. Prime Insurance Company Ltd. 42. Raja Insurance Company Ltd. 43. Reliance Insurance Company Ltd. 44. Seafield Insurance Company Ltd. 45. Security General Insurance Company Ltd. 46. Shaheen Insurance Company Ltd. 47. Sliver Star Insurance Company Ltd. 48. Union Insurance Company of Pakistan Ltd. 49. United Insurance Company of Pakistan Ltd. 50. Universal Insurance Company Ltd. b) Incorporated abroad 1. ACE Insurance Aid Pacific Ltd. 2. CGU Assurance Company Ltd. 3. New Hampshire Insurance Company Ltd. 4. New Zealand Insurance Company Ltd. 5. Royal & Sun Alliance Assurance plc.
MEMBER LIST OF “THE INSURANCE ASSOCIATION OF PAKISTAN”
Non Life 1. ACE Insurance Ltd. 2. Adamjee Insurance Co. Ltd. 3. Alfalah Insurance Company Ltd. 4. Alpha Insurance Co. Ltd.
5. Asia Insurance Company Limited 6. Askari Gen. Ins. Co. Ltd. 7. Atlas Insurance Limited, 8. Century Insurance Co.Ltd. 9. Cooperative Ins. Society of Pak. Ltd. 10. Crescent Star Ins. Co. Ltd. 11. East West Insurance Co. Ltd. 12. EFU General Ins. Ltd. 13. Excel Insurance Co. Ltd. 14. Habib Insurance. Co. Ltd. 15. IGI Insurance Limited 16. Jubilee General Insurance Company Limited 17. New Hampshire Insurance Company. 18. PICIC Insurance Limited 19. Premier Insurance Limited 20. Reliance Insurance Co. Ltd. 21. Saudi Pak Insurance Company Ltd 22. Security Gen. Ins. Co. Ltd. 23. Shaheen Ins. Co. Ltd. 24. Silver Star Ins. Co. Ltd. 25. The Pakistan Gen. Ins. Co. Ltd. 26. TPL Direct Insurance Limited 27. UBL Insurers Limited 28. United Ins. Co. of Pak. Ltd. 29. Universal Ins. Co. Ltd.
LIFE MEMBERS OF “THE INSURANCE ASSOCIATION OF PAKISTAN”
1. Adamjee Life Assurance Company Ltd 2. American Life Insurance Co.(Pak.) Ltd. 3. Asia Care health & Life Insurance Co. Ltd. 4. East West Life Assurance Company Ltd. 5. EFU Life Assurance Limited 6. Jubilee Life Insurance Company Ltd. 7. State Life Insurance Corporation of Pakistan
