Pragati Insurance PLC.

Pragati Insurance Limited (PIL) is a prominent private non-life insurance company in Bangladesh, established in 1986 by a group of young Bangladeshi entrepreneurs. The founders, including shipping magnates, engineers, road builders, and top garment industrialists, had earlier launched a commercial bank in the private sector. Pragati Insurance Limited provides a comprehensive range of general insurance products and services covering areas such as motor, marine, energy, property and casualty, health, accident, and liability. The company boasts a strong capital base and has established reinsurance partnerships with highly rated national and global reinsurers. This strategic positioning gives Pragati Insurance a competitive edge in the insurance industry. The company is characterized by its robust assets, substantial reserves, a balanced portfolio mix, consistent growth in gross premiums, and a continuous increase in share price on the stock market. Pragati Insurance Limited is listed on both stock exchanges in Bangladesh and holds an 'A' class reputation. The company's head office is located in Dhaka, and it operates a network of branches throughout the country. In terms of credit rating, Pragati Insurance Limited is rated 'AAA' for the Long-Term rating by the National Credit Rating Ltd. The 'AAA' rating signifies 'VERY STRONG' financial security characteristics. This rating indicates that the company is judged to have excellent financials, a strong claim-paying ability, and operates within a first-rate operating environment.