IGI Insurance was incorporated in 1953, with Syed Maratab Ali as the first Chairman. IGI, a flagship organization of Packages Group, was listed on the Karachi and Lahore Stock Exchanges in December 1987. The Company underwrites all types of property and casualty insurance: fire, marine, motor, travel, health, home and miscellaneous.
Over the last 50 years, IGI Insurance has established a sound business footing in the non-life insurance sector in Pakistan on the basis of well-governed operations and highest ethical and moral practices. Today IGI Insurance is one of the leading quoted insurance companies of Pakistan, providing comprehensive risk management facilities to a number of distinguished local and multinational companies through a network of branches in Pakistan. Having some of the best renowned international reinsurers holding the highest ratings in their respective businesses, allows IGI Insurance to offer a diversified basket of products to its clients.
In line with the Companyâ€™s growth strategy, IGI Insurance acquired the Pakistan operations of Royal and SunAlliance Plc. UK in year 2004. As a result of this transfer, IGI Insurance positioned itself amongst the top five insurance companies operating in Pakistan. The company is now a global network partner of Royal and SunAlliance Plc.UK.
IGI Insurance is a vital part of the corporate umbrella of IGI Financial Services which includes IGI Investment Bank Limited, itâ€™s wholly owned subsidiaries, IGI Finex Securities Limited and IGI Funds Limited. In line with its strategy IGI Insurance has proven itself in the insurance sector as well as ensuring its presence in the financial sector by supporting its partner companies.