Asia Insurance Company is proud to announce that its credit rating has been upgraded to A+ by The Pakistan Credit Rating Agency Limited (PACRA). The improvement in rating comes on the back of sustained growth and improvement in metrics across underwriting, claims management and investment.
We would like to take this opportunity to thank our clients for their continued trust in us, for the various partners with whom we have formed mutually beneficial relationships, and the employees of Asia Insurance spread throughout the country, who work tirelessly with a focus on excellence in quality of service.
Over the past 2 years especially, Asia has shown growth in conventional lines of business – fire, marine and motor – while also developing new distribution channels for alternative products such as crop, livestock and personal accident coverage. The company is a pioneer in introducing Weather Index Insurance to Pakistan, launching projects that will protect its customers against adverse weather effects without waiting for disaster notifications from the Government.
Asia Insurance is one of the only insurance companies in Pakistan to have attracted foreign investment to the country. The German development bank KFW invested Rs350 million for 25.4% shareholding in Asia Insurance Company Ltd. in 2018.