HABIB INSURANCE COMPANY LIMITED
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We are the...
"First Choice
Company for our Employees, to provide the best service to our customers and give
consistent returns to our Shareholders." |
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Habib Insurance Company Limited, one of the pioneer
projects of the Habib Group was established in 1942 in Bombay, with a paid-up share
capital of Rs.2,500,000. After Partition, the company moved its
head quarters to Karachi, and over the years raised its capital to Rs.60,000,000 through
the issue of bonus shares.
By maintaining a sound underwriting policy, Habib
Insurance Company Limited earned the reputation of being very profitable and liquid. In
1972, despite life business being nationalized, the company managed to achieve one of the
highest rates of return in the industry.
Indeed the company has paid back to its
shareholders dividends and bonus shares in excess of two hundred times their investment.
By adopting its prudent underwriting policies,
Habib Insurance Company Limited has achieved to secure amongst the most solvent Reserves
and Capital to Net Premiums, Gross Premiums, and Claims ratios in the industry.
Habib Insurance Company Limited continues to
maintain its selective approach towards the business it underwrites, and is now looking
ahead to the rapidly changing industrial and financial environment in Pakistan. As new
products and new markets are being explored, the company is investing its resources in
people and ideas to meet these challenges.
The Company aims to, Inshallah, provide
high quality service to all their customers, and to continue giving its
shareholders a consistent return on their investment.
| The Karachi
Stock Exchange Limited, in 1981 introduced their scheme of acknowledging the top
25 companies of the stock exchange. Habib Insurance Company Limited has
been honored by them and has received the award eleven times, for the
years 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1993, and now for 1997. |
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Our General Insurance Business focuses on :
Fire, Marine,
Motor, Engineering,
Medical and Miscellaneous
Insurances
We at Habib
Insurance Company Limited have technical underwriters who have built upon our six decades
of insurance experience.
We have
amongst the best reinsurance arrangements in the world with top companies such as Munich
Re, Cologne Re, Tokio Marine, Rhine Re, and Sumitomo Re on our Panel.
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