Century Insurance Company Limited, a Lakson Group Company, was incorporated in Pakistan in 1985 as a Public Limited Company and is quoted on Stock Exchanges in Pakistan. It commenced general insurance business in 1989 and since then the company has “Alhamdollilah” maintained continuous growth.

The Lakson Group is one of the largest groups in Pakistan with core businesses consisting of packaged goods and services generating sales revenues over Rs. 25 billion per annum. The Group provides employment to over 10,000 persons – it has in its fold 14 (fourteen) Companies of which 7 (seven) companies are quoted on domestic Stock Exchanges.

CENTURY has been assigned an Insurers Financial Strength Rating (IFSR) of ‘A’ by JCR-VIS Credit Rating Company Ltd. which signifies “High Capacity to meet Policyholders and Contract Obligations”. The Company has been awarded their highest F&J Ranking of “A+” by M/s. Vital Information Services (VIS). The Company has also been awarded the “Top 25 Companies Award” of the Karachi Stock Exchange (KSE) twice consecutively for 1997 & 1998.

CENTURY is a progressive and customer focused Company, growing rapidly by establishing long-term relationships and now stands at the fore-front of insurance industry of the Country. Besides providing traditional coverage like Fire, Marine & Motor, CENTURY also provides covers for Erection All Risk, Contractor All Risk, Personal Accident and in the specialised fields of Engineering Insurance including Machinery Breakdown, Loss of Profit and Fire Risk Management among others.

CENTURY has Reinsurance arrangements with M/s. Mitsui Sumitomo Reinsurance Ltd., (Japan), M/s. ARAB Insurance Group, BSC, (Bahrain), M/s. Korean Reinsurance Company, Korea, and M/s. Swiss Reinsurance Company (for facultative arrangements).

CENTURY successfully meets the general insurance needs of prestigious local and multinational companies – some of our valued clients includes Citibank N.A., Standard Chartered Bank, Union Bank, Faysal Bank, First Grindlays Modaraba, Fauji Foundation, Colgate Palmolive Company Inc. (USA); Century Paper & Board Mills Ltd., Lakson Tobacco Company Ltd.(Philip Morris of USA and Rothmans of Pall Mall – UK), McDonald Restaurants (USA), Packages Ltd., Tripack Film, Nestle Milkpak Ltd., Tetrapak Pakistan Ltd., Dadex Eternit Ltd., (Wavin Group of Netherland), Coca-Cola Beverages, Clover (Pakistan) Ltd. (Kraft General Foods Inc.-USA), Tetley Clover (Pvt) Ltd.(Tetley Overseas Ltd., England), and Siemens Pakistan Engineering. Co. Ltd.

Mashallah, the consistent progressive journey of your Company, which started in the year 2000, is continuing which is evident from the fact that by the end of this year your Company’s gross premium is expected to grow by over 500% - during the short span of 3 years.

With a team of highly competent and motivated insurance professionals, CENTURY spells security and dependability for its valued clients.

The growth of the company has been achieved through personalised excellent service to our valued clients and a VISION focused on the following:

• Provide unparalleled quality service to the clients.
• To become the company of choice to our Clients, Shareholders and Employees.
• To provide excellent financial returns to the shareholders.
• Company culture should be known for integrity and ethical behavior.