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Jubilee General's Company Presentation 2018 - 30072018

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Company Presentation 2018
1
Jubilee General’s Corporate Head Office
2
Vision, Mission and Values
Values
Mission
Vision
• To enable
people
overcome
uncertainty
• Provide
solution to
protect the
future
•
•
•
•
Teamwork
Integrity
Excellence
Passion
3
Jubilee World Wide
 PAKISTAN
 KYRGYZSTAN
 KENYA
 UGANDA
 BURUNDI
 TANZANIA
 MAURITIUS
4
Company Profile

65 years experience in handling all classes of general insurance
business.

One of the top three insurance companies in Pakistan.

Exclusive Network Partner of AIG Global and Factory Mutual
Insurance Co. (USA) taking care of local placements of their
Global Accounts.

Partners of Zurich Insurance, HDI Gerling, XL Catlin & Swiss Re
Corporate Solutions.

The first Pakistani insurance company to acquire the operations
of a foreign company Commercial General Union International
Insurance
5
Jubilee - Credit Rating
6
Insurer Financial Strength (IFS) Rating

Highest rated by A. M. Best with ‘B+’ (Good) and Stable Outlook.
(which makes Jubilee General the highest IFS rated general insurance
company of Pakistan by an international rating agency. A.M. Best
Company is the world’s oldest and most authoritative insurance rating
source. In A. M. Best’s view, “The ratings reflect Jubilee’s solid riskadjusted capitalisation, track record of good operating performance and
well-established business profile in Pakistan”).

The highest rated general insurer of Pakistan with the distinction of being
assigned “AA+” (Stable Outlook) rating by both PACRA and JCR-VIS.
7
Associate Companies
Largest Commercial Bank
of Pakistan
Leading Non-Profit Organization
Largest Non-Government Educational Services
Pakistan’s Largest Manufacturer of Pipes
A Brand of Tourism Promotion Services (TPS)
Pakistan’s Largest Manufacturer of Steel
Largest Private Life Insurer in Pakistan
Most Reputable Hospital of Pakistan
9
Owners & Operators of Marriot & PC Chain of Hotels
Recent Awards & Achievements

Corporate Excellence Award in Financial Category (Best Company) for two
consecutive years 2016 & 2017 by Management Association of Pakistan
(MAP).

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI)
recognized our efforts in Insuretech by awarding Gold Medal to our
unique “Motor Android App” in 2017 and to our “Motor Claims App” in
2018 respectively in General Insurance Category.

CSR Insurance Journal Award 2016 For Highest Donation (2013-2015)

Best Corporate Report Award for five consecutive years (2009, 2010,
2011, 2012, 2013 & 2015, 2016) in NBFI (Non Banking Financial
Institution) category.

Certificate of merit for best presented accounts and Corporate
Governance by SAFA (South Asian Federation of Accountants) in 2009,
2010, 2011, 2012, 2013 and 2015, 2016.

ISO 9001:2015 Certified.
10
Jubilee General’s Technology Initiatives
Jubilee is the First General Insurer in Pakistan to Pioneer following
InsureTech initiatives:
1. Crop Insurance Portal (Kashtkar)
2. Via Care (Travel Insurance) Portal
3. Motor Insurance Android Application
(FPCCI’s Gold Medal Awarded in 2017)
4. Motor Insurance Online Renewal System
5. Motor Third Party Liability Insurance Online System
6. Motor Claims Online System
(FPCCI’s Gold Medal Awarded in 2018)
7. Marine Cover Note Issuance Web App & Android Application
8. Online Sale of Personal Lines Products
(www.getinsurance/gettakaful.pk)
11
9. Purchase Protection with Daraz.pk
A Sneak Peak of Jubilee General’s Insure Tech
Initiatives
12
Key Financials
13
Key Financials – Financial Data
14
Our Portfolio Mix
16
COMPARATIVE ANALYSIS OF PUBLISHED ACCOUNTS OF THREE LARGEST
INSURERS OF PAKISTAN FOR LAST TEN YEARS FROM 2006 TO 2016
(AGGREGATE)
1.
Gross Premium
Growth %
2.
Net Premium
Growth %
3.
Net Claims
% of Net Premium
4. Expenses
% of Net Premium
JUBILEE GENERAL
INS. CO. LTD.
ADAMJEE INS.
EFU
GENERAL
58,794
106,024
131,967
220.88%
36.45%
103.27%
31,766
61,895
68,749
192.92%
7.16%
44.43%
18,913
40,662
40,831
60%
66%
59%
8,042
19,004
18,412
25%
31%
27%
3,091
9.73%
4,327
6.99%
6,347
9.23%
5.
Net Commission
% of Net Premium
6.
Commission Plus Expense Ratio
35%
38%
36%
7.
Combined Ratio
95%
103.4%
95.4%
8.
Underwriting Profit
% of Net Premium
1,719
5%
(2,097)
-3.4%
3,159
4.6%
9.
Investment Income
Investment Including Property Investment (Book Value)
Return on Investment
8,058
72,835
11%
23,336
141,666
16%
17,136
173,985
10%
10. Profit / Loss
Before Taxation
After Taxation
10,544
8,548
21,738
20,179
25,306
21,958
11. Shareholder's Equity:
Ratio of Shareholders equity to gross premium
Ratio of Shareholders equity to net premium
42,352
72%
133%
124,047
117%
200%
127,024
96%
185%
20.2%
16%
Return on equity
17% 17
Global Accounts
Some of our Top Clients from Various
Industries
23
Awards & Achievements
Corporate Excellence Award 2017 in Financial Category
(Best Company)
24
Awards & Achievements
Best Corporate & Sustainability Report Award 2016
25
Awards & Achievements
CSR Insurance Journal Award 2016 For Highest Donation
(2013-2015)
26
Awards & Achievements
‘Gold Medal’ awarded by The Federation of Pakistan Chambers of
Commerce & Industry (FPCCI) in 2017 for outstanding services
in Insurance (General)
27
THANK YOU
28
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