Igi Life Insurance Limited · PSX:IGIL
Igi Life Insurance — Investor Presentation (2019)
27 slides from Igi Life Insurance's investor presentation, 2019
Slide 1: Creating Assure: financial future today for a better tomorrow
Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT • This presentation has been prepared by IGI Life Insurance Limited (“IGILIFE”) solely for information purposes. No representation or warranty express or implied is made thereto,
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT • The presentation may contain statements that reflect IGILIFE own beliefs and expectations about the future. These forward-looking statements are based on a number of assumptions
Slide 4: Content
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 5: Insurance Industry of Pakistan
Insurance Industry of Pakistan Total Premium Written in Pakistan – Life and Non Life excluding State Life and NICL Insurance Density Pakistan Region USD: 1.3bn (Premium/Capita) (USD) * PKR 197bn (USD) Non Life 2.20 8.23 250 Non… Life 2.70 22.72 i Life Non Life Overall 4.90 30.95 200 i 109.7 112 81.7
Slide 6: About
About • 1994 - Formed as a Public Limited Company (Metlife Alico) with start-up of Operations in 1995. • 2014 - Acquired by a Packages Group Company, IGI Insurance Limited (Now IGI Holdings Limited) • IGI Holdings currently holds 82% stake in the Company. • 2018 - Collaborated with Vitality Group In
Slide 7: Progress at a Glance
Progress at a Glance Launching of Window Takaful Family Takaful Public Launch Commencemen Operations Premium of Vitality t of Operations through crossed Rs. 1 Product licensing by Billion SECP 1994 2014 2016 2018 1995 2015 2017 2019 Formation of Partnered with First Foreign Acquisition of Crossed Rs
Slide 8: Management Team
Management Team Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 9: Content
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 10: Product Suite
Product Suite of Individual Life Unit Linked Conventional Insurance Products Savings Plans Plans Medical Individual Coverage Accidental and Products Health Plans Corporate Group Life Group Medical Employee Insurance Coverage Benefit Products Plans Plans Creating Assure financial future today for aab
Slide 11: Redefining Our Mission
Redefining Our Mission After acquisition by Packages Group, the Company re-defined its Mission Statement as: IGI Life provides innovative life and health insurance as well as investment solutions Mission through ground-breaking Statement innovation and exemplary customer service, leveraging differen
Slide 12: Product Suite: Attempting to Disrupt through Innovation
Product Suite of Conventional Unit Linked Individual Life Savings Insurance Attempting to Disrupt Products Plans Plans through “Innovation” Brought in Vitality Individual Medical to Pakistan Accidental Coverage and Health Products Plans Corporate Group Group Life Employee Medical Insurance Benefit C
Slide 13: Vitality – A Success Story
Vitality – A Success Story Operate in 19 countries & 8.9 million Vitality members globally* 200 thousand new members each month The model is built on a foundation of 40 million life years of health, life and insurance data linked to Every single minute this wellness behavior platform tracks roughly
Slide 14: Vitality – Shared Value Insurance
Vitality – Shared Value Insurance Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 15: Vitality – First Active Life Insurance
Vitality – First Active Life Insurance Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 16: Vitality – Life Expectancy Analysis
Vitality – Life Expectancy Analysis Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 17: Vitality – Infrastructure
Vitality – Infrastructure IGI Life Insurance has created a platform to market its Unique Insurance Products. IGI FSI - Set-up of In-house Training Institute for human capital capable of selling Vitality Products. Investment in IT Infrastructure to support its operations Met the financial requi
Slide 18: IGI FSI – In-House Training Institute
IGI FSI – In-House Training Institute IGI FSI is a recruitment and training facility, pioneering in Emerging technologies driven training and business solutions with special emphasis on Vitality Achievements • Created database of over 150,000 employable talent across Pakistan. • Trained more than 20
Slide 19: Vitality – Investments in IT Infrastructure
Vitality – Investments in IT Infrastructure The Company has invested sufficient amounts and resources to develop IT systems and infrastructure to support its unique and shared value products. The main purpose to procure and upgrade its technology is: • To provide state of the art technological envir
Slide 20: Our Business Partners
Our Business Partners Banca Partners Reinsurance • Standard Partners Chartered Bank Corporate • Hannover Re • Bank Alfalah Relations • Munich Re • Soneri Bank Over 500 • Silk Bank Relations • Dubai Islamic Bank Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 21: Content
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 22: Profit and Loss Account
Profit and Loss Account Nine Months Nine Months Ended Sept 30, Ended Sept 30, Description 2019 2018 • The Gross premium written by the Company had slightly decrease by Rupees in 000's 3% as compared to same period LY. Gross Premium 3,591,132 3,706,019 • Investment income increased due to Net Premium
Slide 23: Gross Premium Analysis
Gross Premium Analysis Overall Gross Premium Rs. 3,591 million Jan – Sept 2019 Individual Life- Agency 21% Corporate Business 46% Bancassurance 33% Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 24: Assets Under Management
Assets Under Management IGI Life Rs. 16,897M (Dec-18: 16,780M) Policy Holders Fund Shareholders Fund Rs. 14,939M Rs. 1,958M (Dec-18: 15,254M) (Dec-18: 1,593M) T-Bills/PIBs/TFCs Life Par Life Non Par Pension (PIBs) Investment Linked Rs. 1,565M Rs. 6,027M Rs. 120M Rs. 7,226M Rs. 1,409M (72%) (Dec-18:
Slide 25: Investment Performance (Jan–Nov 2019)
Investment Performance (Jan – Nov 2019) – Absolute Returns 13.25% 12.26% 12.43% 10.35% 8.89% 8.15% 6.94% 5.99% 5.47% 2.52% Policy Rate KMI-30 KSE-100 Conservative - Tak Aggressive Secure Conservative Balanced - Tak Balanced Aggressive - Tak Creating Assure financial future today for aabetter better
Slide 26: Content
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Creating Assure financial future today for aabetter better tomorrow tomorrow
Slide 27: Thank you
Thank you Creating Assure financial future today for aabetter better tomorrow tomorrow