has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article does not cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . february 2011 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . february 2011 learn how and when to remove this template message learn how and when to remove this template message universal insurance company uic type public industry insurance founded 1959 headquarters lahore peshawar ; rawalpindi area served pakistan key people mr. raza kuli khan khattak chairman begum zeb gohar ayub khan chief executive mr. muhammad rafiq chaudhry po & md products see brands listing revenue billion 2008 operating income billion 2008 net income billion 2008 number of employees 3 000 2008 website www.uic.com.pk the universal insurance company limited is a part of bibojee group of companies which was established by the late habibullah khan khattak . the company was incorporated in 1958 and has established its franchise in the general insurance market . on premium portfolio basis universal is one of the top ten insurance companies of pakistan and has been rated as a with stable outlook by jcr vis rating company limited . the management and organizational structure of uic is in conformity with organizational structure of other insurance companies . the board of directors is the main controlling body looking after the affairs of the company . the board consist of 5 committees i.e. audit committee investment committee underwriting committee claim settlement committee re insurance and co insurance committee . history edit universal insurance company limited has witnessed and experienced all political economic financial and technological changes which have taken place in the region since it was incorporated in 1958 at lahore . the management undauntedly faced the multiple challenges resulting from huge financial crises in the country in different eras on the one hand and the insurance facilities to all sectors of economy on the other hand . the company also rendered valuable services for many textile mills and other prominent companies in the country played an effective role in socio economic uplift of the country . in 1971 the company lost many of its assets and network due to secession of the then east pakistan . the company not only survived this serious crisis but also regained its financial strength maintaining the growth rates in key performance indicators . universal insurance company remained in the public sector for fifty two 52 years during which the quality of its assets remained comparatively better among its peers . during this period the company expanded its domestic network and also made its first foreign links with large re insurance companies i.e. west germany somitomo marine and fire insurance company japan korean reinsurance company . in 1990s universal insurance entered in a new phase of its history as major of shares of the company was board of directors whose performance was well in uplifting the company and matching it with the modern requirements . retrieved from https en.wikipedia.org w index.php title universal insurance company limited & oldid 647130950 categories insurance companies of pakistanhidden categories articles lacking sources from february 2011all articles lacking sourcesarticles with a promotional tone from february 2011all articles with a promotional tonepages using infobox company with unsupported parametersuse dmy dates from february 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 february 2015 at 18 23 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view