Dear Reader
Welcome to Crescent Star Insurance Limited (CSI), a General Insurance Company set up to provide reliable and customized insurance solutions to our customers. The development of a company is determined by how it perceives innovation; financial performance is a measurement of success. The added value created for stakeholders occurs at the point where these two intersect. As CSI, we are pleased to have balanced both innovation and financial performance at an appropriate and sustainable point.
Our performance...
Known for its reputation, professionalism and innovativeness in the Insurance Industry, CSI displayed a strong operational and financial performance since the beginning of 2015. We take CSI a step further every day and update our processes according to changing market conditions. Our customer-oriented business philosophy and proactive risk management approach are our main assets that will continue to guide us in this journey. Sustainable growth strategies, one of the key trends followed globally have been successfully implemented by CSI during the year 2017, were the most important driving force behind the positive developments in our revenue base despite the extraordinary challenging conditions of 2017. Our credit rating was upgraded to A- by PACRA in 2015. The rating denotes strong capacity of the company to meet policyholder and contractual obligations, and the capacity for timely payment of financial commitments is considered strong.
Within the Crescent Star Group of Companies (CSG) CSIL (Insurance) being the parent company has diversified interest through its subsidiaries (Crescent Star Foods (Pvt) Ltd,(CSF) Crescent Star Luxury (Pvt) Ltd,(CSL) and Crescent Star Technologies (Pvt) Ltd (CST).
The investment portfolio of CSI includes an investment of PKR.354 million advanced for issuance of share in one of the most automated rebar Steel Mills, Dost Steel Ltd (DSL), which has a capacity of 350,000 tons production ability and is a listed company on PSX, with a paid up capital of PKR. 3.15 billion. CSI has its representation on Board of Directors of DSL as nominee holding the Chairman’s Office (Mr. Naim Anwar).
I would like to thank all my team members, our shareholders and our valued customers who contributed to this progress. Our strength as a company is rooted in our quality human resource base and a dedicated management team with several years of proven experience in developing successful insurance programs.
CSI plans to further detail its winning approach and integrate it into its products in the following period. We stand out within the sector with highly competitive products and services in all our business lines.
Sincerely,
Naim Anwar
Managing Director & CEO