Company Profile

A group of renowned and celebrated entrepreneurs established Pioneer Insurance Company Limited in1996 to carry out non-life insurance business. Since its establishment Pioneer Insurance Company Limited has maintained its presence as the most prominent company launching innovative products and new plans in the non-life insurance industry of Bangladesh. It has recognized itself as one of the most reputed and brightest names in the sector. Continued growth and development have secured Pioneer Insurance Company Limited as one of the “Big Three” non-life Insurers of Bangladesh in terms of gross direct premium and financial base.

Pioneer Insurance Company Limited was sponsored and founded as a publicly traded company having authorized capital of Tk.200 million and paid up capital of Tk 60 million which now stands at Tk 1,000 million and 699.81 million respectively. The Company is enlisted with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. and has been declaring dividend every year since inception. It has an wide and lively branch network in all major cities and towns of Bangladesh that assures on time service at the customer doorstep. The Company has been assigned “AAA” rating by Alpha Rating, where “AAA” stands for Exceptionally Strong Claims Paying Capacity. Pioneer Insurance Company Limited has always had the advantages of visionary leadership.

 

Pioneer Insurance Company Ltd. provides its services to prominent national and multinational companies operating in Pharmaceutical, Chemical, Textile, Cement, Services (Tele Communications, Hospitals, and Hotels), Energy, Manufacturing, Engineering, Banking and Financial sectors. The company has a good number of dedicated and highly professional employees supported by qualified, experienced and technically sound executives.

 

Certification & Awards (Major Achievemnents)

Pioneer Insurance Company has maintained its market leadershipa and supremecy over the journey of these three daecades , with the vision we provide professional insurance services to enable every insured anxiety free life as per our commitment. We help entrepreneurs and businessmen to build and expand the economy for a better and stronger Bangladesh where every citizen may

benefit from economic prosperity., a list of our awards and achievement are as follows :

  • Pioneer Insurance Company ltd was awarded ‘AAA’ & ST-1 Credit Rating for the 13th Consequtive year
  • Pioneer Insruance company received Best Corporate Awards by ICMAB from 2011 to 2018.
  • Pioneer Insruance company received Best Finanical Instutation of the year 2017 by the Daily Star.
  • Pioneer Insruance company received Khoda Box-Bank Bima Arthonity Award 2017
  • Best Stall award  Crest in Bima Mela 2018 by Insurance Development and Regularity  Authority (IDRA)
  • Has Secured the Gold Award under General Insurance category  in the ICMAB  Best Corporate Award-2022

 

In Brief:

Established 1996
Registered Office Head Office –Rangs Babylonia (5th Floor),
246 Bir Uttam Mir ShawkatSarak, Tejgaon, Dhaka-1208.

Number of Branches

38

Number of Employees

445

Authorized Capital

1 (One) Billion / USD 9.20 Million

Paid up Capital

Taka 846.76 Million / USD 7.79 Million

Share Holding Information

Sponsors         45.14%

General Public 29.21%

Institute           25.17 %

                      100.00 %

Credit Rating

 AAA  & ST-1

Founder Chairman

Syed ManjurElahi,Period (25-03-1996 to 27-12-1998)

Current Chairman

Syed Nasim Manzur

C.E.O

Syed Shahriyar Ahsan

Contact us

Tel: 8878907(Hunt.) , Email # piclho@pioneerinsurance.com.bd