Company
Profile

IGI Financial Services is the integrated financial arm of the Packages Group; the Packages Group is a collection of highly diversified and growing business conglomerates.

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Our Vision &
Mission

Since 1953, IGI Insurance Limited is providing management services and a complete line of general insurance, comprising home, travel, auto, marine, health, fire and miscellaneous.

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News &
Events

  • IGI Insurance 63rd Annual Sales Conference...
  • IGI Insurance Shortlisted for MSCI Pakistan Index...
  • United Bank Limited – Public Announcement of Offer to Acquire 90.986% Stake in American Life ...
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NTN:0710710-2 / Reg: K-110/14257

IGI is a public listed general insurance company (KSE: IGIIL) founded in 1953. Being part of the Packages Group, IGI is the largest insurance company by market capitalization. Headquartered in Karachi, IGI has offices in 8 cities nationwide and offers a wide range of general insurance products including Fire, Motor, Marine, Travel, Health Personal Accident and Home Insurance.

IGI feels pride in having a long term business relationship with leading local and multinational companies.

  • 60 Years of helping individual and institutional customers
    in Pakistan to grow and protect their wealth.
  • 33Billion – Our Market capitalization makes us the
    Largest Insurer in Pakistan.
  • 14.5Billion - Assets under management (as of December 2014).
  • 10.3Billion - Shareholders’ equity.
  • 8cities – We are present in all major cities across Pakistan.
  • 4,000Corporate and 19,000 individual customers.

Financial strength rating: ‘AA’ by Pakistan Credit Rating Agency (PACRA).

Our History

  • "IGI insurance was founded in 1953 as ‘International General Insurance’ by Syed Maratib Ali.
  • In November 1953, IGI insurance was incorporated under the Companies Act 1913 as a Public Limited Company joint venture between Alliance PLC UK and the Ali Group – Alliance.
  • In 2004, IGI Insurance had acquired the Pakistan operations of “Royal and Sun Alliance (RSA) PLC., UK”.
  • In 2014, the company entered the high growth Life Insurance market by acquiring Met Life Alico’s (“American Life Insurance Company”) business operation in Pakistan.

1st January 1953

Commenced business - with a paid up capital of Rs. 1.0 million. The first fire policy was issued to Syed Babar Ali.

1953

Syed Maratib Ali was the first Chairman of IGI and Syed Babar Ali its first MD.

1964

1964 Alliance PLC as a corporate decision decided to pull out of the sub-continent as such the share of Alliance PLC was taken over by the Ali Group.

1987

Got listed on KSE & LSE.

2001

First General Insurance Company in Pakistan to obtain ISO 9002 certification.

2004

Acquired Royal and SunAlliance (RSA) PLC. UK operations.

2006

Acquired American Express Bank shareholding in IGI Investment Bank.

2007

Premiums exceed PKR 1 Billion.

2007

Name Change: International General Insurance to IGI.

2008

ISO 9001:2008 Certification

2013

Signing of Share Purchase Agreement (SPA) with Metlife, USA for acquisition of ALICO business in Pakistan.

2013

No 1 insurance company - in terms of Market Capitalization.