Shaheen Insurance Company Limited (Pakistan)

Shaheen Insurance Company Limited, founded in 1995, is a joint venture between Shaheen Foundation (PAF), Hollard Insurance Company, a leading South African Insurance Group, and First Capital Securities Corporation Limited (FCSC). It has the unique distinction of being jointly owned by an institution and a multinational company, as against other insurance companies which are owned by business and industrialist groups.
Shaheen Insurance Company Limited has good reinsurance treaty arrangements with Pakistan Insurance Corporation at home, and internationally reputed companies like Mitsui Sumitomo, Arig and Korean Re besides having specific arrangements with world renowned brokers in the st1:City>London market .
Shaheen Insurance Company Limited is one of the main upcoming Companies in the market which is making its presence felt with each passing year. Ever since the change in the top management in the year 1998, the Company has been showing a rapid growth in premium volume and profitability year on year. The growth thus reflected is the result of a well thought out operational strategy, focused on serving in due measure the interests of all the stakeholders in the Company viz. the policy holders, the reinsurers and the shareholders etc.
Shaheen Insurance Company Limited’s underwriting profit is one of the highest in the insurance industry, which is a remarkable achievement for a new insurance company. It is pertinent to note that majority of the more established and much older companies are making money only from their investment income