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Welcome to Pakistan Reinsurance Company Limited |
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Written by Web Master
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(Autonomous body working under the Ministry of Commerce, Government of Pakistan)
PRCL is a public sector company under the administrative control of the Ministry of Commerce. The Company is headed by a Chairman with a nine member Board of Directors. Seven members of this Board are nominated by the Federal Government while others are elected from the business community enjoying excellent business credentials.In addition, the management is supported by a strong team of professionals who handle the business affairs of the company.
PRCL's Role in Economic Development
The role of PRCL in economic development of Pakistan is significant. PRCL awareness of
increasing requirements of insurance and reinsurance of a progressive economy is making
great efforts in coming up to national expectations. This progress signifies the
consolidation of the position, both at home and abroad, encouraging further expansion.
The voluntary cession to PRCL provides attractive and competitive terms to the local
insurance Companies.
International Cooperation/ Business Relations
PRCL is actively collaborating and participating with its international
counterparts in the field of insurance and reinsurance. This is being
achieved under the aegis of Economic Cooperation Organization (ECO)
with the object of reducing the outflow of Foreign Exchange and
improving the standard of insurance and reinsurance services in the
region. PRCL has been one of the pioneers and founder members of the
Federation Afro-Asian Insurers and Reinsurers (FAIR).
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