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| Strategic Partners ~ Insurance |
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EFU General
EFU gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies. Insurer Financial Strength Rating: AA Stable Outlook (Rating Agency: JCR-VIS). Another unique feature of EFU is a voluntary review mechanism by professionals of international repute. The independent reviews by these professionals enable the company to keep abreast of international changes in the industry as well as ensure that management adopts the best international practices.
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EFU Life
EFU Life is managed by a team of professionals with extensive life insurance experience in the United Kingdom. This has helped the Company establish a professional culture unique amongst life insurance business in Pakistan. EFU Life is the first life insurance company in Pakistan to be awarded the ISO 9001:2000 certification, and also the only life insurance company to have an "Insurer Financial Strength" rating which is currently A+, Outlook: Stable, from JCR-VIS, an affiliate of Japan Credit Rating agency.
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Allianz EFU
Allianz EFU is Pakistan's First and only specialized Health Insurance Company. It is a joint venture of Pakistan's largest insurance group, EFU with Allianz SE which is one of the largest composite insurers in the world with active presence across the globe. Allianz EFU is currently the largest health insurance company in Pakistan in terms of annual premium income, the number of corporate clients and the number of insured lives.
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ALICO
In 1994 ALICO was the first foreign life insurer to re-enter Pakistan. It commenced its operation on May 20, 1995 with a paid-up capital of Rs.130 million and today it is the largest capitalized private sector life insurance company with a paid-up capital of Rs. 325 million. It is the only multinational life insurance company in Pakistan. ALICO (Pakistan) Ltd. is jointly owned by its parent ALICO, Wilmington, Delaware, U.S.A. and the Pakistani public. Along with commitment it brings to Pakistan an extensive international expertise and modern technology of its parent company.
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