International General Insurance Company of Pakistan

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IGI Insurance Limited (formerly known as International General Insurance Company of Pakistan Limited) was incorporated in 1953, with Syed Maratib Ali as the first Chairman. IGI, a part of the Packages Group, was listed on the Karachi and Lahore Stock Exchanges in December 1987.

Over the last 50-years IGI has established a sound business footing in the non-life insurance sector in Pakistan on the bases of well-governed operations founded on the highest ethical and moral practices. Today IGI is one of the leading quoted insurance companies of Pakistan with an asset base of over 4 billion rupees and offices in Karachi, Lahore, Islamabad, Sialkot, Multan, Gujranwala and Faisalabad, serving a large number of prestigious local and multinational clients throughout Pakistan.

The Company has been awarded “AA” (Double A) Insurer Financial Strength (IFS) Rating with a Positive Outlook by Pakistan Credit Rating Agency (Private) Limited (PACRA), which denotes a very strong capacity to meet policyholders' and contract obligations. Amongst Pakistan's insurance companies, IGI has one of the HIGHEST Solvency Margins. IGI Insurance Limited has re-insurance agreements with the most prestigious and world-renowned re-insurers such as Swiss Re and Sumitomo Re. The Company is referenced for its good standing and reputation by domestic as well as international reinsures. During the year 2001 (in July 2001) the Company achieved another milestone by obtaining ISO 9002 certification from SGS Malaysia Sdn. Bhd. IGI Insurance was the FIRST general insurance Company in Pakistan, which had achieved this certification for its entire operations.

In 2002, IGI Insurance has been awarded the top 25 companies award by the Karachi Stock Exchange.

In 2003, the Company reaffirmed its commitment to quality by successfully shifting to the new ISO 9001:2000 standard and certified by the certification body - SGS Malaysia.

In line with the Company’s growth strategy, it has acquired the Pakistan operations of Royal and Sun Alliance Plc. U.K. As a result of this transfer, IGI has positioned itself amongst the top five insurance companies operating in Pakistan. IGI Insurance Limited is now a global network partner of Royal and Sun Alliance Plc U.K.

During the year 2006 company start issuing Travel Sure Policy ( A comprehensive travel insurance plan). In 2006 company took over the share of American express bank in IGI Investment Bank Ltd with 24.99% of shareholding. IGI Insurance is now a major Shareholder of IGI Investment Bank Ltd.

During the previous year 2007 company start issuing Home cover policy (a comprehensive insurance policy coverage of Home Property, Contents (furniture, carpets, Electronic Equipment, personal effects, watches clocks and wearing apparels), jewellery (at home or at the locker), Home owner free rent, Home owner free rent and cash at home. Company also start issuing Travel Sure Umrah Plan is an another milestone during that year.