Habib Insurance Company Limited is one of the pioneer projects of the Habib Group, and was established in Bombay in 1942 with a paid up share capital of Rs. 2.5 million. After Partition in 1947, the company relocated its head office to Karachi.
Through the years, Habib Insurance Company Limited has consolidated itself, raising capital through the issuance of bonus shares, and has established itself as one of the leading insurance companies in Pakistan. Our focus is on Fire, Marine, Motor, Engineering and Miscellaneous insurance.
With over 6 decades of experience in the insurance sector, a sound underwriting policy, and the best reinsurance arrangements with top companies including Munich Re, Cologne Re, Tokio Marine, Rhine Re, and Sumitomo Re, Habib Insurance Company Limited has one of the highest rates of return in the country. As a result of our prudent underwriting policies, we have earned the reputation of being extremely profitable and liquid. Habib Insurance Company Limited also has the most solvent reserves and capital to net premiums, gross premiums and claims rations in the Industry.
Continuing with our trajectory of driving innovation and progress in the insurance sector, Habib Insurance Company Limited is now looking to the rapidly changing industrial and financial environment in Pakistan. New products and new markets are being explored, and Habib Insurance Company Limited is constantly investing in ideas and prospects to meet the ever changing demands of the market place. Our mission, as always, is to provide high quality service to all our customers, and to continue giving shareholders a consistent return on their investment.
As testament to its success, the Karachi Stock Exchange (KSE) has acknowledged Habib Insurance Company Limited as one of the top 25 companies of the KSE no less than 11 times. The current CEO and MD of Habib Insurance Company is Ali Reza Habib and the Chairman is Rafiq M Habib.