The Asian Mutual Insurance Company was founded in 1951 by Dr. Sir Mohammad Nasir and is the oldest insurance company in Pakistan. Asian Mutual Insurance made steady progress and became one of the leading company in the field of life insurance in the country.
Asian Mutual Insurance (AMIC) is providing efficient service to its Clients and also paying good dividends to its shareholders regularly. The equity of the company has grown from Rs. 1.6m in 1971 to Rs.370.8 million in 2000. Investments at cost have grown from 3.4m to over Rs. 280m. In 1995 the company paid one of the largest single claim in the country of over Rs. 380.0m which speaks of the inherent strength of the company and the satisfactory re-insurance arrangements.
The company enjoys full support and backing of the MSN Group and has re-insurance arrangements with world renowned re-insurers like Swiss-Re, Hannover-Re, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance Inc.
To provide prompt and efficient service to clients AMIC has developed a branch network all over the country. It has also developed team of professionals always striving to excel in service.
In line with the MSN Group philosophy and commitment, Asian Mutual Insurance is being managed in accordance with good international practices and entrepreneurial norms and customs as followed by the reputable international insurers.
Asian Mutual Insurance is a financially sound and a professionally managed company and has been awarded the "KSE Top 25 Companies Award 2008".
The company was also adjudged as one of the "Top 5 companies" in the financial sector by a joint committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost & Management Accountants of Pakistan (ICMAP) and was awarded the "Best Corporate Report Award 2008".
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