Happy Valentines Day

Monday, February 14, 2011

Happy Valentines Day



Adamjee Insurance Company: Intro and Review

Thursday, February 3, 2011

Adamjee Insurance Company Limited, the largest General Insurance Company of Pakistan, was founded in 1960 by Mr. A. W. Adamjee. Adamjee received its certificate of commencement on 30th November 1960.

MCB Bank, another subsidiary of Nishat Group acquired the management rights of the company in 2004. The Board of Directors of the company includes highly qualified professionals who are extremely competent in their respective fields. The strategic decision making is now under the vigilance of a young and dynamic team of professionals.

Our core aim is to provide highly differentiated & innovative set of services to our customers, duly mounting up profits for our stakeholders.  The current annual results of 2010 are evidence of our dedication & harmony towards work.

We are offering Corporate & Retail Insurance Solutions which are comprehensive, economical and customized for our valued clients. On the retail side of the business Adamjee has launched its travel product, Faaslay Asaan as well as launched Crop Loan Insurance & Livestock Insurance. Adamjee Life was launched in 2009 in collaboration with Hollard International.

The company continually endeavors to provide its clientele with sophisticated analysis; quality advice, innovative solutions, and the capacity 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.

Japan Credit Rating Agency Ltd.- (JCR) and Vital Information Services Pakistan (VIS) had assigned AIC “AA” for the year 2010. 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, modaraba companies and other financial institutions.

AIC holds a distinctive record of holding ‘Best Company Award’ from Karachi Stock Exchange among all sectors for 17 consecutive years. It has also secured Best Export Performance Trophy from FPCCI 19 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 has also the singular distinction of being declared ‘The 2nd Best Insurance Company in Asia’, by Euro-money in the year 2001.  

Munich Re, the world’s largest re-insurer has recognized 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.