PICIC Insurance Ltd. engages in general insurance business. It operates through the following segments: Fire and Property Damage, Marine, Aviation and Transport Insurance, Motor Insurance, Accident & Health, and Miscellaneous. The Fire and Property Damage segment provides coverage against damages caused by fire, riot and strike, explosion, earthquake, atmospheric damage, flood, electric fluctuation, and other related perils. The Marine, Aviation and Transport Insurance segment ensures coverage against cargo and war risk, damages occurring in inland transit, and other related perils. The Motor Insurance segment gives comprehensive car coverage, indemnity against third party loss, and other related coverage. The Accident and Health insurance segment offers coverage against personal accident, hospitalization, and other medical benefits. The Miscellaneous segment covers insurance against burglary, loss of cash in safe and cash in transit, engineering losses, travel, credit and suretyship insurance, and other coverage. The company was founded on April 23, 2004 and is headquartered in Karachi, Pakistan.