ASIC fundamentals

Asia Insurance Co. Ltd (Pakistan) engages in the provision of insurance services. It operates through the following segments: Fire and Property Damage; Marine Aviation and Transport; Motor; Miscellaneous; Crop; and Bond and suretyship. The Fire and Property Damage segment offers cover against damages by fire, riot and strike, explosion, earthquake, burglary, atmospheric damage, flood, electric fluctuation and impact. The Marine Aviation and Transport segment includes cover against cargo risk, war risk and damages occurring in sea water, on board, at ports and during inland transit. The Motor segment refers to the indemnity against third party loss and other comprehensive car coverage of motor vehicles. The Miscellaneous segment comprises of cover against engineering, health, cash in safe, cash in transit, withdrawals snatching, fidelity guarantee, personal accident, eorkmen's compensation, terrism, third party liability, plate glass, home, travel and Haj Umrah. The Crop segment provides financial protection against natural disasters, fire and lightening and insect/ pest attack on standing crop. The Bond and suretyship segment acts as coverage for the loss of an oblige. The company was founded on December 06, 1979 and is headquartered in Lahore, Pakistan.