Corporate Profile
Name of Company
The United Insurance Company of Pakistan Limited (UIC)
History
The United Insurance Company of Pakistan Limited was established in the year 1959 on the Twentieth day of October. It was operational in Pakistan including East Pakistan (now Bangladesh). UIC operating more than 100 branches all over Pakistan. UIC doing General business including Group Health Insurance, Travel Insurance (Health), Travel Bonds & Guarantees, Livestock and Crop Insurance.
Type of Company
It is a public limited company listed in Pakistan Stock Exchange Limited (Formerly Karachi Stock Exchange Limited). UIC directors hail from various vocations & professions.
| Status of Company | PIC - Public Interest Company |
| Insurer Financial Strength |
"AA+" by PACRA - Press Release "AA+" by VIS (Formerly JCR-VIS) - Press Release |
| Company Registration Number | CUIN. 0001037 – (Previous: KAB-753 OF 1959-60) |
| National Tax Number | 0712543-7 |
| Chairman | Mr. Muhammad Ashraf Khan |
| Chief Executive Officer | Mr. Muhammad Akram Shahid |
| Chief Operating Officer/Executive Director | Mr. Aamir Hameed |
| Directors |
Mr. Khawas Khan Niazi Miss Huma Waheed Mr. Muhammad Rahat Sadiq Mr. Ihsan ul Haq Khan Mr. Abdul Hadi Shahid |
| Advisors |
Maj. General (R) Asif Duraiz Akhtar Mr. Sardar Khan (Former Managing Director Universal Insurance Company Ltd.) |
| Company Secretary | Syed Muhammad Tariq Nabeel Jafri |
| Chief Financial Officer | Mr. Maqbool Ahmad |
| Chief Internal Auditor | Mr. Abdul Mannan Munir (ACCA) |
| External Auditors | M/S. RSM Avais Hyder Liaquat Nauman Chartered Accountants |
| Legal Advisors |
Mian Asghar Ali (Advocate) Mr. Muhammad Farooq Sheikh (Advocate) |
| Tax Advisor | M/s. Sarwars, Chartered Accountants |
| Company Regulator | Securities and Exchange Commission of Pakistan Website: secp.gov.pk |
| Company's Share Registrar |
M/s. F.D. Registrar Services (Private) Ltd. Office #1705, 17th Floor, Saima Trade Tower - A, I.I.Chundrigar Road, Karachi-74000. Telephone # : (+92-21) 35478192-93 Fax# : (+92-21) 32621233 E-mail: fdregistrar@yahoo.com |
| Share Issuer | Company is a member of Central Depository Company of Pakistan (CDC) |
| Rating Agency |
The Pakistan Credit Rating Agency Limited (PACRA) VIS Credit Rating Company Limited (Formerly JCR-VIS Credit Rating Company) (VIS) |
| Web Presence | www.theunitedinsurance.com |
| ISO Certification | ISO 27001:2022 |
| Registered Office |
204, 2nd Floor, Madina City Mall, Abdullah Haroon Road, Karachi, Pakistan. Tel.: (+92-21) 35621461 – 62, 35621459 E-mail: info@theunitedinsurance.com |
| Head Office |
UIG House, 01, Upper Mall, Lahore, Pakistan. U.A.N.: (+92-42) 111-000-014 Tel.: (+92-42) 380-21111 E-mail: uicp@theunitedinsurance.com |
| Branch Offices | View list of Branches |
| Business Tariff | Insurance Association of Pakistan has made various tariffs and the Company, as a member, follows them in respect of insurance policy, wording, premium rating, and rules and regulations. |
| Rules and Regulations |
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| Trade Membership | |
| Company Enlisted with | ZTBL RUDA, NHA, DHA, PHA, IATA, LDA LAYARI DEVELOPMENT AUTHORITY, FHA, FWO, NPHP, WARSA, POWER AND ENERGY PROJECTS & CPEC For BANKS & LEASING COMPANIES complete list please click here |
| Company's Reinsurers |
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| Treaty | Treaty arrangement can easily assume any single risk up to the value of Pak Rs. 1 Billion and it is certified by the Securities & Exchange Commission of Pakistan. |