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Adamjee

Adamjee Insurance Company Limited (AICL) is the largest general insurance company in Pakistan, incorporated in 1960 and listed on the Pakistan Stock Exchange. AICL has a presence in the United Arab Emirates and is committed to providing innovative insurance products and services to customers. It focuses on life insurance through a collaboration with a South African company. AICL underwrites various classes of business including fire and property, marine, motor, accident and health, and other insurance.

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Sameer Asif
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0% found this document useful (0 votes)
39 views3 pages

Adamjee

Adamjee Insurance Company Limited (AICL) is the largest general insurance company in Pakistan, incorporated in 1960 and listed on the Pakistan Stock Exchange. AICL has a presence in the United Arab Emirates and is committed to providing innovative insurance products and services to customers. It focuses on life insurance through a collaboration with a South African company. AICL underwrites various classes of business including fire and property, marine, motor, accident and health, and other insurance.

Uploaded by

Sameer Asif
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Adamjee Insurance Company Limited:

Adamjee Insurance Company Limited (AICL) is the largest general


insurance company in Pakistan, incorporated as a Public Limited
Company on September 28, 1960 and is listed on Pakistan Stock
Exchange Limited. AICL has a unique advantage of having regional
presence in United Arab Emirates (UAE) and maintains its standing
through an unwavering commitment to its corporate philosophy. AICL’s
competitive advantage is achieved by a combination of having the
largest paid-up capital and reserves, and a well-diversified business
portfolio.

A Truly Dynamic Business Setting


AICL aims to deliver innovative customer solutions, owing to its wide-
ranging line of products. Its employees are dedicated to performing their
best for its valued customers, trained with all the skills necessary for a
truly outstanding customer service. The Company’s focus on
strengthening and expanding its global presence is reflected in its
tapping the growth potential available in the UAE market. AICL in
collaboration with Hollard International, a South African company, has
life assurance operations under a separate entity namely, Adamjee Life
Assurance Company Limited.

Delivering Value to Customers


Adamjee Insurance is broadly involved in underwriting the following
classes of business:
• Fire and Property
• Marine Aviation and Transport
• Motor
• Accident & Health
• Miscellaneous Insurance.

Vision:
Our will is to explore, innovate and differentiate.
Our passion is to provide leadership to insurance industry.

Core values:
 Integrity
 Humility
 Fun at the workplace
 Corporate social responsibility.

Company basic information:

BOARD OF DIRECTORS
Umer Mansha Chairman
Ibrahim Shamsi Director
Imran Maqbool Director
Muhammad Anees Director
Muhammad Arif Hameed Director
Muhammad Umar Virk Director
Shaikh Muhammad Jawed Director
Muhammad Ali Zeb Managing Director & Chief
Executive officer
ADVISOR
Mian Muhammad Mansha

AUDIT COMMITTEE
Muhammad Anees Chairman
Ibrahim Shamsi Member
Shaikh Muhammad Jawed Member
Umer Mansha Member

ETHICS, HUMAN RESOURCE AND REMUNERATION COMMITTEE


Muhammad Anees Chairman
Ibrahim Shamsi Member
Muhammad Ali Zeb Member
Umer Mansha Member

INVESTMENT COMMITTEE
Umer Mansha Chairman
Imran Maqbool Member
Muhammad Ali Zeb Member
Muhammad Asim Nagi Member

COMPANY SECRETARY
Tameez ul Haque F.C.A

CHIEF FINANCIAL OFFICER


Muhammad Asim Nagi, A.C.A

QUALITY POLICY
The management and employees of Adamjee Insurance demonstrate
commitment to satisfying customer needs by managing risk assessment in
General Insurance. In alignment with satisfaction of customer needs, processes
are established to support the vision and values of the Company. We use QMS-
9001:2015 as a tool to continually review and improve the effectiveness of our
implemented systems. We regularly assess our processes and practices to build
on our relationship with all our stakeholders including customers, shareholders,
strategic partners and employees.

Achievements Through the Year:


• IFS rating of AA+ (Double ‘AA’ Plus) by PACRA
• IFS rating of B + (‘B’ Plus) by AM Best, UK
• Certificate of ISO 9001:2015 by Lloyd’s Register Quality Assurance

CORPORATE SOCIAL RESPONSIBILITY:


Adamjee Insurance’s Corporate Social Responsibility (CSR) Program aims to address key
concerns in society, such as health and education. The Company also stresses on reassuring
its chief stakeholders of overall sustainability through compliance, ethics and corporate
citizenship. These elements combined form the basis of AICL’s corporate philosophy and
CSR.
AICL’s CSR is primarily focused on achieving compliance, upholding ethical standards,
actively participating in corporate citizenship and maintaining overall sustainability. AICL
has undertaken an array of initiatives, including improved communication and extensive
training, to cultivate these aspects of its operations.

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