Founded in 1960 and is listed on Pakistan Stock Exchange
Belongs to Nishat Group
Largest insurance company in Pakistan
Commenced operations with a paid-up capital of Rs. 2.5 million, which now stands at Rs. 3.5 billion
11 divisions incorporating 91 branches in Pakistan, 3 branches in the UAE, and 1 branch in EPZ
Staff strength of 921 employees
AICL's inclusive of UAE market share stood at 22.5% in 2021 (2020: 19.4%). The market share in Pakistan remained at
18% in 2021 and 15% in 2020.
During the 9MCY22 AICL's share in Pakistan increased to 19%
Only general insurer in Pakistan with overseas operations
Market leader in the Power and Utility sectors
Market leader in Infrastructure and Industrial Risks
History & Introduction - Group Profile
Nishat Group is one of the leading and most diverse business groups in Pakistan
Assets over Rupees 2,726 billion (USD 12 Billion)
Strong presence in Financial Services (Banking, Insurance, Asset Management), Textiles, Cement and Power Generation
Enhancing footprint in the Automobile, Real Estate, Hospitality & Shopping Malls, Dairy (wholesale & retail), Leasing & Aviation industry
Direct and indirect holdings in the UAE, UK, Sri Lanka, Hong Kong, Bahrain and Azerbaijan
Strategic partnerships with groups in Japan, Turkey & Malaysia
AUTOMOBILE
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Adamjee Insurance Company Limited published this content on 26 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:20:24 UTC.
Adamjee Insurance Company Limited is a general insurance company. The Company operates through five segments: Fire and property damage, Marine, aviation and transport, Motor, Health and Miscellaneous. Its marine products and services include marine hull and machinery, marine cargo marine umbrella liability and aviation. The motor services include comprehensive car, commercial vehicle, motorcycle comprehensive and motor third party liability. The miscellaneous services include bankersâ policy, burglary, cash in safe, cash in transit, cellular mobile phone, contractual liability, credit card travel inconvenience policy, crop, personal accident, plastic card, product liability policy and others. The fire and property services provide property all risk, comprehensive machinery, consequential loss of profit, energy, ginning stock policy, home, fire policy and shop ownerâs comprehensive policy. It also operates branches in the United Arab Emirates (UAE) and the Export Processing Zone (EPZ).
ADAMJEE INSURANCE COMPANY LIMITED 
