Central Insurance Co
Central Insurance PLC is a Bangladesh-domiciled, publicly listed non-life insurance company founded in 1987 that provides fire, marine, motor, engineering, and miscellaneous insurance products to Bangladeshi enterprises, importers/exporters, and individual policyholders through a nationwide branch network.
- Company typePublic
- Founded1987
- HeadquartersDhaka, Bangladesh
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Central Insurance Co does
Central Insurance PLC is a Bangladesh-domiciled, publicly listed non-life insurance company founded on November 12, 1987, and traded on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker CENTRALINS. The company offers a standard non-life insurance product suite consisting of Fire, Marine, Marine Cargo, Motor, Engineering, Miscellaneous (including money insurance), and Overseas Medi-Claim insurance, marketed primarily to Bangladeshi enterprises, importers/exporters, motor vehicle owners, construction/industrial accounts, and outbound travelers. It positions itself as a leading marine insurance provider in Bangladesh and emphasizes branch-based, relationship-driven distribution supported by senior leadership customer engagement.
The company operates a multi-channel distribution model anchored on a nationwide branch network that includes the Dhaka headquarters and regional offices in Rangpur, Dinajpur, Saidpur, Jashore, Thakurgaon, Syedpur, and Agrabad (Chattagong), supplemented by its corporate website (cicl-bd.com) for proposal requests, support, complaint submission, and investor relations, and partnerships with banks such as Uttara Bank PLC for claims settlement. Its underlying technology stack is a conventional policy administration and claims processing platform with stated digital transformation initiatives for policy management, claims processing, and customer communication; there is no evidence of proprietary APIs, developer platforms, or third-party integrations. The firm employs 101–250 staff.
Central Insurance generates revenue primarily through recurring insurance premiums across its non-life product lines and ancillary investment income from its insurance and treasury portfolios. Pricing is quote-based, risk-assessed, and billed annually, with no publicly disclosed tiered pricing. Headcount is in the 101–250 range, the customer base is heavily skewed toward domestic Bangladeshi corporate accounts (e.g., BSRM Company, ECO Group, M/s Al-amin Enterprise) alongside individual motor and overseas medical policyholders, and the company maintains a corporate governance structure including Audit, NRC, Risk Management, and Policyholder Protection & Compliance committees consistent with BSEC listing requirements.
Central Insurance Co firmographics
Firmographics- Name
- Central Insurance Co
- Legal name
- Central Insurance Company Limited
- Website
- https://cicl-bd.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Central Insurance PLC is a Bangladesh-domiciled, publicly listed non-life insurance company founded in 1987 that provides fire, marine, motor, engineering, and miscellaneous insurance products to Bangladeshi enterprises, importers/exporters, and individual policyholders through a nationwide branch network.
- Ownership category
- akta.pro rank
Central Insurance Co industry classification
Industry- Product category
- Non-Life Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
- akta.pro secondary industries
- Personal Auto Insurance (FSAJAMAA), Commercial General Liability (CGL) (FSAJADAA)
Keywords
Where Central Insurance Co is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices8 records
Markets served
Central Insurance Co business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: Central Insurance PLC generates revenue through collecting insurance premiums from various non-life insurance products including fire, marine, motor, engineering, and miscellaneous insurance policies. The company operates in both traditional and non-traditional insurance businesses.
- Investment Income: The company generates returns from investment portfolios as part of its revenue streams, contributing to improved EPS growth alongside premium collection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Non-life insurance products with customized pricing based on risk assessment |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Central Insurance Co product offering
Product offeringCore offering
Central Insurance PLC is a Bangladesh-based non-life insurance company that underwrites and sells general insurance policies to corporate and individual customers across Bangladesh. The company offers a portfolio of general insurance products including fire, marine, motor, engineering, miscellaneous, and overseas medi-claim insurance, distributed through its nationwide branch network and digital channels. The company also generates investment income from its insurance and reserve portfolios.
Product overview
Central Insurance PLC (CICL) is a non-life insurance company offering a portfolio of insurance products. The company provides fire, marine, motor, engineering, and miscellaneous insurance policies. The product portfolio is organized as a unified set of core non-life insurance offerings rather than a platform-plus-modules architecture. The company was established in 1987 and is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.
Differentiator
Problem solved
Functional benefit
Products and services
- Fire Insurance
Companies that use Central Insurance Co
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Central Insurance Co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Central Insurance Co partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- BSRM CompanycoreCentral Insurance PLC's CEO (acting) held successful business discussions with BSRM Company's MD and senior officials. BSRM is one of Bangladesh's leading steel and manufacturing companies. The meeting focused on expanding business cooperation and mutual partnership in insurance coverage for BSRM's assets and operations.
- Uttara Bank PLCcoreCentral Insurance collaborated with Uttara Bank PLC for fire insurance claim settlement. The claim cheque for M/s Al-amin Enterprise was handed over at Uttara Bank PLC, Haluaghat Branch. This partnership demonstrates the company's ability to work with financial institutions for efficient claim processing and customer service delivery.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Central Insurance Co competitors and assessment
Company assessmentDirect peers
- Prime Insurance Company Limited: Bangladesh-listed general insurance company providing fire, marine, motor, and miscellaneous insurance. Comparable mid-sized listed P&C peer competing for similar corporate and SME customers.
- Meghna Insurance Company Limited: Listed Bangladeshi non-life insurer with fire, marine, motor, and engineering products. Comparable as a similarly structured DSE-listed general insurance competitor.
- Pioneer Insurance Company Limited: Listed Bangladeshi non-life insurer providing similar fire, marine, motor, and miscellaneous coverages. Closely comparable in scale, listing status, and product mix to Central Insurance.
- Reliance Insurance Limited: Bangladesh-listed non-life insurer offering fire, marine, motor, and engineering coverage. Directly comparable as a similarly sized DSE-listed general insurance peer with nationwide branch operations.
- Provati Insurance Company Limited: Listed Bangladeshi general insurer offering fire, marine, motor, and miscellaneous insurance. Comparable as a similarly positioned DSE-listed non-life insurance peer.
- Green Delta Insurance Company Limited: One of the largest private non-life insurance companies in Bangladesh offering fire, marine, motor, and miscellaneous insurance. Directly comparable as a listed Bangladeshi general insurer with a multi-line product portfolio.
- Asia Pacific General Insurance Company Limited: Bangladesh-listed non-life insurance company offering a comparable product suite across fire, marine cargo, motor, and engineering. Direct competitor for corporate and individual general insurance customers.
- Bangladesh National Insurance Company Limited: One of the earliest non-life insurers in Bangladesh with nationwide branches and a similar multi-line P&C portfolio. Comparable as a long-established, listed Bangladeshi general insurer.
- Eastland Insurance Company Limited: Bangladesh-listed non-life insurer offering a comparable multi-line product suite. Direct competitor in fire, marine, motor, and miscellaneous insurance categories.
Broad incumbents
- Sadharan Bima Corporation: State-owned general insurance corporation of Bangladesh underwriting non-life risks across all major lines. Comparable as a Bangladesh-wide P&C carrier operating in fire, marine, motor, and engineering insurance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Central Insurance Co social profiles
Digital presenceCentral Insurance Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Central Insurance Co leadership team
Management profileNumber of profiles
Profiles9 records
Central Insurance Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Central Insurance Co M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Central Insurance Co
What does Central Insurance Co do?
Central Insurance PLC is a Bangladesh-based non-life insurance company that underwrites and sells general insurance policies to corporate and individual customers across Bangladesh. The company offers a portfolio of general insurance products including fire, marine, motor, engineering, miscellaneous, and overseas medi-claim insurance, distributed through its nationwide branch network and digital channels. The company also generates investment income from its insurance and reserve portfolios.
Is Central Insurance Co a public or private company?
Central Insurance Co is a public company. It is classified as public and is currently operating.
When was Central Insurance Co founded?
Central Insurance Co was founded in 1987. It employs 101 to 250 people.
Where is Central Insurance Co based?
Central Insurance Co is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Central Insurance Co make money?
Two revenue lines are on record. Insurance Premiums are the primary driver. The others are investment Income.
Who are Central Insurance Co's main competitors?
Direct peers on record are Prime Insurance Company Limited, Meghna Insurance Company Limited, Pioneer Insurance Company Limited, Reliance Insurance Limited, Provati Insurance Company Limited, Green Delta Insurance Company Limited, Asia Pacific General Insurance Company Limited, Bangladesh National Insurance Company Limited and Eastland Insurance Company Limited. Sadharan Bima Corporation is listed as a broad incumbent.
Does Central Insurance Co have an API?
No public API is recorded for Central Insurance Co.
What industry is Central Insurance Co in?
Central Insurance Co's product category is Non-Life Insurance. Its primary akta.pro industry code is FSAJAFAB, Mid-Market Commercial Package (Package Policies), with a secondary code of FSAJAMAA, Personal Auto Insurance. Its NAICS code is 524126 and its SIC code is 6331.