The 34th Annual General meeting was held on Saturday 30th April 2016 at 12.30 pm at Reliance Insurance House 181-A, S.M.C.H.S. KARACHI
Notice Of Annual General Meeting English
Notice Of Annual General Meeting Urdu
Meeting of Board of Directors was held at 11.30 am on 29-10-2016 at Reliance Insurance House 181-A, S.M.C.H.S. KARACHI
JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the Insurance Financial Strenth (IFS) rating of Reliance Insurance Company Limited (RICL) at a 'Single A'. Outlook on the assigned rating has been revised from 'Stable' to 'Positive'.
Election of Director will be held on April 30, 2016.
Notice of Election
Profile of candidates contesting the election
Financial Report of Third Quarter ending 30-09-2016 (Un-auditied) has been announced and available for download.
Financial Report of Second Quarter ending 30-06-2016 (Un-auditied) has been announced and available for download.
Financial Report of First Quarter ending 31-03-2016 (Un-auditied) has been announced and available for download.
Financial Report ending 31-12-2015 has been announced and available for download.
 
 
 
 
 
 

Reliance Insurance Company Limited is one of the oldest insurance company in Pakistan having been in operation since 1981. The company is backed by two leading Industrial Houses of Pakistan, namely Al-Noor Group and Amin Bawany Group having presence across several sectors including suger.

Reliance is one of the leading General Insurance Company of Pakistan having a network of 25 branches at all important places throughout Pakistan. It underwrites all classes of General Insurance and enjoys reputation second to none.

 

The management of Reliance Insurance is fully conscious of the challenges lying ahead and has developed a comprehensive strategy which focuses on sustained growth in operations with particular focus on the bottom line and offering reasonable returns to its valued shareholders.

The operations of the Company are run by a team of professionals. Reliance Insurance is one of the most well managed companies in the market. The team is headed by Mr. A Razak Ahmed, Chief Executive & Managing Director, FCII (Chartered Insurer) who strongly believes in team management and dedicated all successes of the Company to all the employees.

 
 
 
 
IFS Rating

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of Reliance Insurance Company Limited (RICL) at 'A' (Single A). Outlook on the assigned rating continues to be 'Positive'. The previous rating action was announced on December 30, 2015.

'A with Positive Outlook’

The assigned rating to RICL incorporates strong liquidity profile, adequate capitalization indicators and reinsurance program along with improving underwriting perfOffilance. \"Vbile maintaining oilier key rating parameters, increasing market share (in terms of both gross and net prcnliums) and sustainability & quantun1 of underwriting profits will be positive rating drivers for the company. RICL is backed by Amin Bawany and AI-Noor Group of Companies, two prominent industrial groups.

Gross prenlium depicted a growth of 8.4 and 9.7 during F)'IS and 9M16, respectively. Marine, aviation and transport segment represents over half of gross premiums followed by fire & property and motor business. In terms of net premium revenue, motor represents around half of total net premiums, Going forward, business volumes are projected to grow at a steady pace with growth planned in marine and motor business where loss ratios have remained manageable.
Download JCR-VIS press release

© Reliance Insurance Company Limited
Updated On 04 January 2017