Asia Insurance Limited is one of the leading non life insurance Company in Bangladesh and wasincorporated as public limited Company on 30 April 2000 under the Company Act, 1994 and obtained registration from the former Chief Controller of Insurance, Government of Bangladesh on 30 May 2000. Asia Insurance obtains renewal license from the Insurance Development & Regulatory Authority (IDRA) in 2011.Asia Insurance was listed with Dhaka and Chittagong stock exchange in 25 June 2009. The Company carries its insurance activities through Head office along with 21 (twenty one) branches under online support all over the country.
Asia Insurance has an authorized capital of Tk. 1000 million and paid up capital of Tk. 470.70 million. Share of
the Company are traded in both Dhaka and Chittagong Stock Exchange as ‘A’ category.
Asia Insurance has been able to keep up A+ credit rating for the last 4(four) year consecutively as rated by the
Credit Rating Information and Service Limited (CRISL) which indicated high claim paying ability, good financial
performance and sound solvency position of the Company absolutely.
Asia Insurance is focused on providing professional services of the highest quality to its clientele which
include many reputed large national and multinational conglomerates. Over the 15(fifteen) years, Asia has
established its track record as a sound and dependable insurer, consistently able to meet its commitments
and by providing insurance solution to the individual needs of its clients.
The Board of Director of Asia Insurance are exceptionally qualified and well reputed business leader of the
country. Mr. Yussuf Abdullah Harun, FCA, Member of the parliament and former president of the FBCCI is
leading the Company as Chairman of the Board of Director. The qualified and experienced management
team is headed by Mr. Md. Imam Shaheen, who has long 27 years of versatile working experience and well
reputation in the Insurance industry.
Financial performance of the Company has been consistently positive, delivering both underwriting and
investment income and by giving attractive returns to its shareholders from inception. The Company
is maintaining strong corporate culture, corporate governance, ethical standards, corporate social
responsibilities, superior underwriting skills and abilities and dynamic investment management.
Within the frame work of existing tariff, this Company charges the most economic and competitive premium
rates ensuring maximum security at minimum cost. The Company has got necessary Re-insurance arrangement
both at home and abroad under which it can underwrite any risk of any value.
This Company takes utmost care in handling and setting claims with due promptitude with a view to giving
timely indemnity to the members of the clientele.
The future prospect of Asia Insurance is not only to increase business volume but also to upgrade the ranking
and service quality of the Company. Asia Insurance emphasize on internal and external training in different
subject area for the human resource development of the Company.