Express Insurance Limited

What Express Insurance Limited does

Express Insurance Limited (EIL) is a non-life (general) insurance company incorporated in Bangladesh on 30 March 2000 and operating since 18 May 2000 under a certificate of registration from the Insurance Development Regulatory Authority (IDRA). The company offers nine core product lines: Marine Cargo, Marine Hull, Fire, Motor, Engineering, Burglary & House Breaking, Money, People Personal Accident (PPA), and Miscellaneous insurance, serving individual and commercial policyholders across Bangladesh. Distribution is anchored by a physical branch network of 32 locations organized into five regional zones (Dhaka, Chittagong, Khulna, Rangpur, Mymensingh), supplemented by an official website and social media presence on Facebook, YouTube, and LinkedIn.

The company is publicly listed on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) since 24 August 2020 following an IPO, and it carries an AA+ long-term and ST-1 short-term credit rating. Governance is provided by a 14-member Board of Directors led by Chairman Mazakat Harun and Vice Chairman ABM Kaiser, with Md. Badiuzzaman Lashkar serving as Managing Director & CEO. The senior management team includes dedicated heads of Underwriting, Claims & Re-insurance, Internal Audit & Compliance, IT, and Finance (CFO: Md. Anowar Hossain), reflecting a traditional, functionally organized insurer operating within IDRA's regulatory framework.

The revenue model is premium-based: EIL collects insurance premiums from policyholders across its nine non-life lines, with pricing determined per quote through risk assessment, coverage type, policy duration, and insured value rather than via disclosed subscription tiers. EIL is also a member of the Bangladesh Insurance Association (BIA) and the Bangladesh Association of Publicly Listed Companies (BAPLC), and it has operated for over 24 years without public disclosure of revenue figures or financial details beyond what is contained in its downloadable annual reports and audited statements.

Name

Express Insurance Limited

Legal name

Express Insurance Limited

Website

https://eilbd.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Express Insurance Limited is a Bangladesh-based non-life (general) insurance company founded in 2000, offering marine, fire, motor, engineering, and other insurance products to individuals and businesses through 32 branches nationwide, listed on the Dhaka and Chittagong Stock Exchanges.

Ownership category

akta.pro rank

Product category

Non-Life (General) Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

Keywords

• Non-life insurance
• General insurance products
• Motor insurance coverage
• Marine cargo insurance
• Fire insurance protection

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: Express Insurance Limited generates revenue through collecting insurance premiums from policyholders across various non-life insurance product lines including marine, fire, motor, and engineering insurance.

Distribution channels1 record

Marketing channels4 records

Core offering

Express Insurance Limited is a non-life (general) insurance company that underwrites and distributes nine categories of general insurance products including Marine Cargo, Marine Hull, Fire, Motor, Engineering, Burglary & House Breaking, Money, People Personal Accident (PPA), and Miscellaneous insurance. The company also provides claims settlement and re-insurance services to individual, commercial, and corporate clients through its 32 branches across Bangladesh.

Product overview

Express Insurance Limited is a non-life (general) insurance company offering a comprehensive portfolio of insurance products. The company provides 9 core insurance product categories: Marine Cargo Insurance, Marine Hull Insurance, Fire Insurance, Motor Insurance, Engineering Insurance, Burglary & House Breaking Insurance, Money Insurance, People Personal Accident (PPA) Insurance, and Miscellaneous Insurance. These products are offered through a network of 32 branches across Bangladesh and serve individual, commercial, and corporate clients seeking protection against various risks.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Cargo Insurance Insurance coverage for goods transported via sea, land, or air, protecting against loss or damage during transit, for importers, exporters, and shippers.
• Marine Hull Insurance Insurance coverage for water vessels and their machinery, protecting against physical damage to the hull and equipment, for vessel owners and operators.
• Fire Insurance Insurance coverage protecting properties and assets against fire-related damages and losses, for residential, commercial, and industrial property owners.
• Motor Insurance Insurance coverage for vehicles including comprehensive and third-party liability coverage for cars, trucks, and other motor vehicles, for individual and fleet vehicle owners.
• Engineering Insurance Insurance coverage for construction projects, machinery, and electronic equipment against breakdowns and construction-related risks, for contractors, project owners, and operators of machinery and electronic equipment.
• Burglary & House Breaking Insurance Insurance coverage protecting residential and commercial properties against theft, burglary, and housebreaking incidents, for homeowners and business owners.
• Money Insurance Insurance coverage for cash, valuables, and money in transit against loss due to theft or other covered perils, for businesses and individuals handling cash in transit.
• People Personal Accident (PPA) Insurance Insurance coverage providing compensation for accidental death, disability, and medical expenses for individuals.
• Miscellaneous Insurance Insurance coverage for various other risks including liability, travel, and other specialized insurance needs.
• Claims and Re-insurance Services Claim settlement and re-insurance services supporting policyholders of Express Insurance Limited across all nine non-life insurance product lines.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Dhaka Stock Exchange (DSE)coreOthersExpress Insurance Limited is listed with Dhaka Stock Exchange and started trading of shares on 24 August 2020. The company is publicly listed on DSE.
• Chittagong Stock Exchange (CSE)coreOthersExpress Insurance Limited is listed with Chittagong Stock Exchange and started trading of shares on 24 August 2020. The company is publicly listed on CSE.
• Bangladesh Insurance Association (BIA)minorOthersExpress Insurance Limited is a member of Bangladesh Insurance Association (BIA), the industry body for insurance companies in Bangladesh.
• Bangladesh Association of Publicly Listed Companies (BAPLC)minorOthersExpress Insurance Limited is a member of Bangladesh Association of Publicly Listed Companies (BAPLC).
• Insurance Development Regulatory Authority (IDRA)coreOthersThe company obtained certificate of registration from Insurance Development Regulatory Authority (IDRA), formerly Controller of Insurance, and started business operation on 18 May 2000. IDRA is the regulatory body for insurance sector in Bangladesh.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Prime Insurance Company Limited: Bangladesh non-life insurance carrier with marine, fire, motor, and miscellaneous products, listed on DSE/CSE. Comparable to Express Insurance across product lines, listing status, and distribution approach.
• Islami Insurance Bangladesh Limited: Bangladesh-based non-life (general takaful and conventional) insurer offering motor, fire, marine, and engineering lines. Comparable to Express Insurance as a domestic competitor serving similar commercial and retail risk profiles.
• Sadharan Bima Corporation: Bangladesh state-owned national non-life insurance corporation underwriting fire, marine, motor, and other general insurance lines. Comparable to Express Insurance as a competing non-life carrier in the same Bangladesh market with overlapping product categories.
• Pragati Insurance Limited: Bangladesh-based non-life insurer with a similar portfolio spanning marine cargo, marine hull, fire, motor, and engineering. Directly comparable to Express Insurance on product breadth and domestic-only operations.
• Reliance Insurance Limited: Bangladesh-listed non-life insurer with a broad product line covering fire, marine, motor, and miscellaneous insurance. Comparable to Express Insurance in scale, listed status, and product offering.
• Bangladesh General Insurance Company Limited: Bangladesh non-life insurer underwriting marine, fire, motor, and engineering policies. Comparable to Express Insurance as a similarly positioned domestic non-life carrier with overlapping product categories.
• Green Delta Insurance Company Limited: One of the largest private non-life insurers in Bangladesh offering motor, marine, fire, and engineering products. Directly comparable to Express Insurance given overlapping product lines, similar Bangladesh focus, and dual DSE/CSE listing.
• Pioneer Insurance Company Limited: Bangladesh-listed non-life insurer offering motor, marine, fire, and engineering coverage with a multi-branch distribution model. Comparable to Express Insurance on product mix, Bangladesh-only geographic scope, and DSE/CSE-listed status.
• Nitol Insurance Company Limited: Bangladesh-listed non-life insurer with a multi-branch network offering fire, marine, motor, and engineering coverage. Directly comparable to Express Insurance on listed status, product mix, and nationwide branch-based distribution.
• Asia Pacific General Insurance Company Limited: Bangladesh non-life insurer offering motor, marine, fire, engineering, and personal accident coverage. Directly comparable to Express Insurance on product categories, customer segments, and Bangladesh market focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCQM5Tuie8BV8imsKDm1Eaiw
• Facebookfacebook.com/EXPRESSINSURANCEBD
• LinkedInlinkedin.com/company/e-insurancebd

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Express Insurance Limited