PICIC Insurance Ltd – Company Profile
PICIC Insurance Limited is a general insurance company writing all classes of general insurance business. It’s paid up capital is Rs. 350 million, making it one of the highest capitalized insurance company in the market.
PICIC Insurance Limited is a part of the Temasek Group. NIB Bank Limited a Temasek’s subsidiary in Pakistan, is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the Government of Singapore, it manages a portfolio of more than US$100 billion, focused primarily in Asia. Temasek’s investments are in various industries: telecommunications and media, financial services, property, transportation and logistics, energy and resources, infrastructure, engineering and technology, as well as pharmaceuticals and biosciences. Temasek Holdings is one of a few global firms with the highest corporate credit rating of AAA/Aaa by Standard & Poor’s and Moody’s respectively.
Apart from financial backing, PICIC Insurance is backed by absolutely first class reinsurers, which provides us with the capacity to underwrite risks of any magnitude. We are also on the approved list of almost all local, foreign banks and financial institution in Pakistan.
Due to the affiliation with the Temasek Group, we enjoy the financial strength that comes from being backed by an international financial conglomerate that is fully committed to the Asian region. We have professional expertise to identify various risk exposures and then provide professional advice along with specific innovative insurance products designed to meet one needs, backed by personalized and high quality service. With state of the art IT system that enable us to provide excellent, prompt and error free service, both in terms of underwriting and delivery of insurance documents and in terms of claims processing.
PICIC Insurance Limited is a general insurance company writing all classes of general insurance business. It’s paid up capital is Rs. 350 million, making it one of the highest capitalized insurance company in the market.
PICIC Insurance Limited is a part of the Temasek Group. NIB Bank Limited a Temasek’s subsidiary in Pakistan, is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the Government of Singapore, it manages a portfolio of more than US$100 billion, focused primarily in Asia. Temasek’s investments are in various industries: telecommunications and media, financial services, property, transportation and logistics, energy and resources, infrastructure, engineering and technology, as well as pharmaceuticals and biosciences. Temasek Holdings is one of a few global firms with the highest corporate credit rating of AAA/Aaa by Standard & Poor’s and Moody’s respectively.
Apart from financial backing, PICIC Insurance is backed by absolutely first class reinsurers, which provides us with the capacity to underwrite risks of any magnitude. We are also on the approved list of almost all local, foreign banks and financial institution in Pakistan.
Due to the affiliation with the Temasek Group, we enjoy the financial strength that comes from being backed by an international financial conglomerate that is fully committed to the Asian region. We have professional expertise to identify various risk exposures and then provide professional advice along with specific innovative insurance products designed to meet one needs, backed by personalized and high quality service. With state of the art IT system that enable us to provide excellent, prompt and error free service, both in terms of underwriting and delivery of insurance documents and in terms of claims processing.
PICIC believes in a long lasting business relationship based on mutual trust. We are hopeful of establishing a long and mutually beneficial relationship with our sole aim to serve our customers beyond excellence as risk partners for the ensuing years.
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