Presentation asia insurance

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.


ASIA HOUSE

LAHORE


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).


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


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.


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


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


Products

• Marine Cargo

a) Imports

b) Exports

c) Inland Transit

• Marine Hull

• Marine Umbrella

Marine


Products

• Machinery Breakdown

• Electronic Equipment

• Computer All Risk

• Contractors’ All Risk

• Contractors’ Plant & Machinery

• Erection All Risk

Engineering


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


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


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


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


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


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


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


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


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


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


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


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


Asia Window Takaful caters to almost all the needs of individual and

corporate clients

25

Asia Window

Takaful


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.

Presentation asia insurance

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