Paramount Insurance is one of the leading Non-Life insurance company of the country. Since its establishment in November, 1999, the company has successfully been in operation with present paid up capital of Taka 40.66 crore and authorized capital of Taka 60.00 crore. At present NAV per share of the company is stood at Tk. 27.26. The company was listed with the Exchanges in the year 2007. Over the few years of operation this company has succeeded in building confidence in clientele groups. It has extended its network in different places of the country. The company always receives guidance and advice from its Chairman, Mr. Shakhawat Hossain, who is one of the prominent entrepreneurs and a dynamic insurance personality in the country.
SPONSOR-DIRECTORS:
Paramount Insurance PLC. has 10 Sponsors in which 5 Sponsors are still working as Director of the Board, who are influential personalities of business houses of the country. Out of total 10 directors, we got 3 directors from general shareholders group and other 2 two qualified Independent Directors.
GROUP INFORMATION:
Paramount Group of Companies which was established in 1986 has been always praised for their professionalism, code of conduct and quality products. Total asset of the group is more than Taka 4000 crore which belong to the following sister companies:
01. Paramount Textile PLC.
02. Paramount Btrac Energy Limited
03. Sunrise Chemical Industries Ltd.
04. Paramount Spinning Ltd.
05. Foodex International Limited
06. Paramount Holdings Ltd.
07. Paramount Engineering Ltd.
08. Paramount Agro Ltd.
09. Dynamic Sun Energy Pvt. Ltd.
As can be seen from the concerned companies above, Paramount Insurance has emerged as one of the top Company of the group.
UNDERWRITING & RE-INSURANCE:
Paramount Insurance has its own setup of underwriting guidelines to determine whether they should accept the risk of a particular situation or not. We always obey the guidelines, tarrif and rules and regulation while underwrites a documents. We have Re-insurance Treaty Agreement with Sadharan Bima Corporation with excellent terms and conditions and as such we are capable enough to accept risks of any magnitude and underwrite general insurance business. The risk is shared by Sadharan Bima, which also cedes to internationally sound Re-Insurance re-insurers Tyser and Company, London (Lloyds Broker), Munich Re and Swiss Re. Therefore, any amount of insurance is fully ensured and protected based on the treaty of Re-Insurance.
SETTLEMENT OF CLAIMS:
Settlement of claims is the sine qua non for an insurance company. Prompt settlement of claims is our avowed motto which we deem to be the prime service rendered to the insured.
CREDIT RATING:
Due to our excellent customer service, fast payment of insurance claim providing proper insurance coverage with accurate risk assessment, we have been embraced with the credit rating “AA+” which indicates our tremendous development in insurance business.