A publicly listed company established in 1979, Asia Insurance provides a wide range of property casualty insurance to support its esteemed clients in business and in daily life through its general insurance, and general Takaful cover.

We aim to become the leading insurance and takaful company in Pakistan, focusing on customer care and service quality over pricing. Our goal is to make our customer journey as smooth as possible with solutions that are inclusive, economical and tailored according to the needs of the clients. 

Asia Insurance has won the confidence of German development bank KFW, who, through their InsuResilience Investment Fund (Rated AAA by Fitch, AA+ by Standard & Poor’s) and managed by Swiss based manager BlueOrchard Finance, has invested Rs 350 million for taking 25.4% shareholding in Asia Insurance Company Ltd. Taking the Company’s total equity to over Rs one billion. 

Our

Vision

We aim to become the 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.
Our

Mission

To 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 that ensures good governance.

CODE OF CONDUCT

STATEMENT OF ETHICS
  • Statement of Ethics All Directors and Staff are required to:
  • Act with integrity, dignity, and in an ethical manner when dealing with the public, clients, and peers.
  • Protect the confidentiality of client information at all times except where required by law to disclose it.
  • Protect the confidentiality of information relating to the Company both during the course of Directorship or employment (as the case may be) and after its termination (regardless of reason).
  • Obtain written permission from the Company’s Compliance Officer (or the Chief Executive Officer in the event that the Compliance Officer is unavailable) to hold any position (paid or unpaid) with any outside party, firm, or organization. For clarity, positions covered include but are not limited to consultant, employee, Director, representative, and agent. Directors are exempt from this requirement.
STATEMENT OF ETHICS
  • Maintain accurate records of business transactions related to the Company or its clients.
  • Report any business or professional activities or any beneficial interests that may result in a conflict with or be competitive with the interests of the Company.
  • Report any person or activity to the Compliance Officer or CEO that, in their opinion, is in violation of this statement.
  • Disclose their shareholding in the Company’s securities upon signing this agreement and any changes in shareholding within 24 hours of any such change.
  • Every Director and employee who has knowledge of confidential material information of the Company’s affairs is prohibited from trading in shares of the Company.
STATEMENT OF BUSINESS PRACTICES
  • Uncompromising Integrity: Our business is founded on trust and we manage it ethically, lawfully, and fairly. It is our objective to conduct business with reputable clients and business partners who are involved in lawful business activities. We do not facilitate money laundering.
  • Clients’ Interest: Nothing we do is more important than shielding and preserving our client’s lawful interests. We hold responsibilities toward our clients in the highest regard.
  • Entrepreneurship: We work hard every day to hire the best people, stimulate them, reward them, and endorse them to innovate. We are an equal-opportunity employer.
  • Zeal for Performance: We contribute toward our Company’s financial goals and focus on achieving better results.
  • A Culture of Distinction: We measure our performance on every task we undertake not just by the results but also by the quality of our work.
  • A Tradition of Success: While we are fair and ethical at all times, we compete fairly with the quality and the price of our innovative products and services, not by offering improper benefits to others. Employees are not permitted to use their jobs to solicit, demand, accept, obtain, or be promised advantages.

Company Trading Symbol

Company Registration Number

0007342

SECP Insurance Division License/Registration Number

143

Company Policies

  • KNOW YOUR CUSTOMER POLICY
  • RISK MANAGEMENT POLICY
  • HR POLICY
  • INVESTMENT POLICY

Name of the Legal Advisor

Barrister Munawar-us-Salam

Cornelius Lane & Mufti

Advocates and Solicitors
Address: Nawa-e-Waqt Building, 4-Shahra-e-Fatima Jinnah, Lahore.
Phone: +92 42 36306301, 36360824, 36360868
Fax: +92 42 36303301
Website: clm.com.pk
Email: info@clm.com.pk

Awards

FPCCI Awards 2015. Asia Insurance Company Limited has been awarded gold medal for its “Excellence Insurance Services” by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) during the 04th Achievement Awards ceremony. Zain ul Haq Qureshi Executive Director Asia Insurance receiving Gold Medal Award from President of Pakistan Mamnoon hussain Abdul Rauf Alam – President FPCCI.

List of parties who have not encashed the claims as at December 31, 2023

This will be provided after obtaining from concerned department
Free Float of Shares
Total Issued Shares 73,008,243
Directors, Sponsors, Holding 49,501,743
Government Holding 993,654
Shares held in Physical form
Free-Float as of March 31, 2024 19,584,830
Total number of shares available in CDC 72,890,431
Total number of shares available in physical form 117,812
Break-up Value as of March 31, 2024
Break-up Value with revaluation surplus Rs. 12.84
Break-up Value without revaluation surplus Rs. 12.84
EPS (Basic & Diluted) as of March 31, 2024 Rs. 0.44
P/E Ratio as of December 31, 2023 15.73

Sales tax and NTN

  • Sales Tax Registration: 0304980002619
  • NTN: 0657868-3

Share registrar

M/s. Corplink (Pvt) Ltd
Wings Arcade, 1-K Commercial, Model Town, Lahore, Punjab, Pakistan
Phone: 042-35916714 and 042-35916719
Fax: 042-35869037
Email: corplink786@yahoo.com

Credit rating

August 2023
Pakistan Credit Rating Agency

Auditor

Ilyas Saeed & Co (Chartered Accountants)
F108-J Street No. 3, Block J Model Town, Lahore, Punjab
Phone: 042-35861852

Investor information

Shareholding pattern
Unclaimed Dividends and dividends