PRCL was established in 1952 as Pakistan Insurance Corporation under PlC Act 1952 in
order to support local insurance industry. Since then it has managed National Insurance
Fund (NIF), National Coinsurance Scheme (NCS), War Risks Insurance (WRI) and Export
Credit Guarantee Scheme (ECGS) providing help in different forms to the insurance as well
as business community.
In the year 2000. Pakistan Insurance Corporation was converted and incorporated as a
public limited company into Pakistan Reinsurance Company Limited.
The company was formed with a view to take over all assets and liabilities of Pakistan
Insurance Corporation. Accordingly, it took over assets and liabilities of PlC on 15th
February 2001 in pursuance of Ministry of Commerce SRO No.98(1)/2000 which was issued
under the President ordinance No. XXXVI of 2000 14th February, 2001.
