Adamjee Insurance Company Limited

Adamjee Insurance Company Limited was incorporated in 1960. Life insurance had been the larger segment of the company's assets, reserves and investments till it was nationalised in 1972. In spite of the major shocks, the company survived and the pace of progress grew rapidly over the decades.
With an extraordinary spiralling increase in profitable business over the decades, presently the company is the largest and the leading insurer in the country.
After the management change in 2004, the company's major shareholding now rests with the prestigious financial institution MCB Bank, and is part of the Nishat group. The Board of Directors comprises professionals, each of whom is at the top level in his field. The strategic decisions in the Company are now being taken by a young and dynamic team of professionals.
The company continually endeavours to provide its clients sophisticated analysis, quality advice, innovative solutions, and the ability to transfer risks to internationally renowned 'A' rated Re-insurers. The above services are optimally being provided by technically equipped professionals through team work, integrity, sharing of knowledge, and above all putting the client's interests first. Our competitive advantage will continue to be built around quality professionalism and expertise, and not necessarily size.
Our main goal is to concentrate on increasing our profitability. Our results continue to be testimony to this fact and AIC's performance has been an all time high in the year 2005 and in the first quarter of 2006.
We offer comprehensive, economical and tailor made insurance solutions against a traditional approach of offering standardised insurance products to our clients. The company has been introducing innovative insurance products in the local market from time to time.
Japan Credit Rating Agency Ltd - (JCR) and Vital Information Services Pakistan (VIS) had assigned AIC "AA" for its claims paying ability for the year 2005. AIC is the only insurance company which was given the rating 'A' (Excellent) by A.M. Best for two consecutive years.
The Management Association of Pakistan (MAP) has awarded Adamjee the Corporate Excellence Award twice in the years 1997 and 1998. This award is in the financial sector and includes banks, insurance, leasing, modarba companies and other financial institutions.
Karachi Stock Exchange has awarded Adamjee Insurance Company Best Company Award among all sectors for 17 consecutive years- a unique record. It has also secured Best Export Performance Trophy from FPCCI 18 times.
Adamjee is the first general insurance company in Pakistan to achieve ISO 9002 certification from the world's oldest and most reputed certifying company - Lloyd's Register of quality assurance.
Adamjee also has the singular distinction of being declared 'The 2nd Best Insurance Company in Asia', by Euromoney in the year 2001.
Munich Re, the world's largest re-insurer has recognised Adamjee as the "Best managed insurance company between Vienna and Taipei".
The company insures all industrial and commercial risks including telecommunication sector, foreign and local banks, and textile mills. Majority of foreign concerns insure their construction, erection and infrastructure development work with this company because Adamjee's security has passed the stringent standards of IFC, World Bank and other leading agencies in the world.