Pakistan Reinsurance Company Ltd (PRIC)

Pakistan Reinsurance Company Limited provides reinsurance and other insurance services in Pakistan. It operates through seven segments: Fire, Marine Cargo, Marine Hull, Accident and Others, Aviation, Engineering, and Treaty. The company provides various reinsurance products, such as fire products for buildings, building and contents, stocks, machinery, and other insurable interest; marine products, including marine cargo and hull; and engineering products, which include property damage, business interruption, plant, machinery breakdown/boiler, contractor all risks, erection all risks, and third party liability. It also offers accident reinsurance products comprising motor, workman compensation, burglary, fidelity guarantee, employers liability, public/product liability, professional indemnity, personal accident, health insurance, crop insurance, and livestock, as well as cash in safe, cash in transit, and cash on counter; and aviation and aerospace reinsurance products, including hull, spares, liabilities, hull deductible, cargo, hi-jacking and terrorism, hull and spares war, loss of license/additional loss of license, personal accident to crew, and personal accident to passenger. In addition, the company offers public sector risk services for oil refineries, power projects, oil and gas exploration, fields/operations, hydel power, and nuclear power projects. It provides reinsurance protection to the local insurance industries. The company was formerly known as Pakistan Insurance Corporation and changed its name to Pakistan Reinsurance Company Limited in 2000. Pakistan Reinsurance Company Limited was founded in 1952 and is based in Karachi, Pakistan.