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 Company’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.