Company Profile

Company Profile

LATE

Our Founder Chairman, Late .Unus Khan, was born on December 27, 1927 in a respectable and cultured family. He received his basic education in quetta and after graduation in Aeronautics and Meteorology in Great Britain , he adopted the field of Civil Aviation as his profession and remained associated with it for over 20 years. Subsequently, he took up the field of commerce/ business in 1965 and a few years thereafter proceeded to the United States of America along with his family.

In the 70s, besides other ventures, he was also associated with the field of insurance in the Middle East, He returned to Pakistan in 1982 and founded Horizon East Insurance Company Limited. In 1983. Throughout the remaining years of his life, he remained dedicated to the development of this Company. He organized and strengthened the company on modern lines and at the same time, encouraged the executives, field and office personnel of the company to face the challenges of the market with courage, Sincerity and hard work. It was for his determined leadership, untiring efforts, honesty and sincerity of purpose that the ALMIGHTY ALLAH gifted him with such an outstanding success that the Company not only become one of the largest Insurance Companies of Pakistan during his life time but even thereafter a befitting tribute to the memorable accomplishment of its founder the Company continued making tremendous strides, always surpassing the achievements of the preceding year. Today, by the Grace of ALLAH, Horizon East Insurance Company Limited. has become a symbol of Security for its thousand of insured and of livelihood for its hundreds of hard-working personnel.

Mr. Unus Khan was endowed with piety, simplicity, sincerity, diligence and affection. He will always be remembered for his selfless devotion to cause of combining the profound culture values of the EAST with the modern technologies developments of the WEST. In order to give perpetuity to our late chairman, all of us have pledged to adopt his practices as guidelines for the Future. Our beloved Chairman left us to join his heavenly adobe on July 27, 1988.

Insurers Financial Strength Rating

Financial

We are pleased to announce that PACRA has maintained our IFS rating ‘AA’ for the year 2013. The rating incorporates prudent strategy of the management focused on a diverse mix of products and customers. This would help the company to sustain further improvement in underwriting performance. The company has also adopted a focused approach to further improve insurance assets/liabilities management and favorable changes in the investment mix

Chairman’s Review

chairman

The Chairman’s review included in this report gives comprehensive scenario on the overall performance of your company during the year and its prospects for the future. The Directors fully endorsed the views of the Chairman and would like to follow the guidance for growth and prosperity of the company in years ahead.