The United Insurance Company of Pakistan Limited Reports Earnings Results for the First Quarter Ended March 31, 2020

The United Insurance Company of Pakistan Limited is an insurance company. The Company operates through five segments: Fire and property damage, Marine, aviation and transport, Motor, Crop, and Miscellaneous. Fire and property insurance contracts compensate for damage suffered to their properties or for the value of property lost. Marine Insurance covers the loss or damage of vessels, cargo, terminals, and any transport of property by which cargo is transferred, acquired, or held between the points of origin and final destination. Motor insurance provides protection against losses incurred as a result of theft, traffic accidents and against third party liability that could be incurred in an accident. Crop insurance provides financial protection against natural disasters, fire and lightening and insect/ pest attack on standing crop. Miscellaneous segment includes engineering and livestock, personal accident, worker’s compensation, products of financial institutions and health insurance.