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Credit Rating

Credit Rating

Pioneer has been credit rated by Alpharating, one of the marked leaders internationally within rating of insurance companies.

Financial strength and issuer Credit Ratings in Bangladesh.

AlphaRating

A Decade of Financial Excellence:

Pioneer Insurance PLC Reaffirms

10 Years of Unwavering Financial Strength:

  The “AAA” Standard

 

 

At Pioneer Insurance PLC, we maintain that the true value of an insurance policy is defined by the enduring strength of the institution that stands behind it. We are pleased to announce that, for the 10th consecutive year, Pioneer Insurance has been assigned a AAA (Triple A) Credit Rating with a "Stable" outlook by Alpha Rating in Bangladesh.


This distinction is more than a milestone; it is a testament to our unwavering financial stability. In the complex landscape of risk management, our AAA rating status represents the highest benchmark of solvency and claims-paying capability.


For our clients and global partners, this rating provides:

  • Unparalleled Security: A robust financial architecture that guarantees prompt and reliable claims settlement.

  • Proven Resilience: A decade of stability maintained through shifting global and domestic economic cycles.

  • Institutional Trust: Confidence reinforced by our strategic partnerships with premier global reinsurers, including Swiss Re and Hannover Re.


Pioneer Insurance PLC continues to set the benchmark for excellence in the non-life insurance sector, underpinned by an exceptional AAA credit rating that reflects its unmatched financial strength and long-term stability. This top-tier rating serves as a testament to the company’s robust capital reserves and its superior claims-paying ability, ensuring that policyholders are protected with the highest level of security. By maintaining a rigorous insurance credit rating through consistent performance and prudent risk management, Pioneer Insurance PLC guarantees a seamless claims settlement process, solidifying its reputation as a reliable partner in safeguarding assets and managing complex risks across the industry in Bangladesh.

 

As we celebrate this decade of excellence, our mission remains steadfast: "Caring for you, forever." We extend our sincere gratitude to our dedicated team and valued stakeholders for their continued role in our success..

We are pleased to inform you that Alpha Credit Rating Limited (AlphaRating) has assigned the following rating to Pioneer Insurance Company Limited.

Pioneer Best has given us the following rating:

‘AAA’ & ST-1 Credit Rating for the 13th Consequtive year

The Company has been assigned “AAA” rating by Alpha Rating

2025-26

Declaration

Valid Till

Rating Action

Long Term Rating

Short Term Rating

Outlook

Download

26 June, 2025

25 June, 2026

10th Surveillance

AAA

ST-1

Stable

2024-25

Declaration

Valid Till

Rating Action

Long Term Rating

Short Term Rating

Outlook

Download

26 June, 2024

25 June, 2025

9th Surveillance

AAA

ST-1

Stable

2021-22

Declaration

Valid Till

Rating Action

Long Term Rating

Short Term Rating

Outlook

Download

17 December, 2021

16 December, 2022

Surveillance

AAA

ST-1

Stable

Rating Report

Pioneer Insurance PLC

A list of our awards and achievement are as follows :

  • Pioneer Insurance PLC was awarded ‘AAA’ & ST-1 Credit Rating for the 13th Consecutive year

  • Pioneer Insurance PLC received Best Corporate Awards by ICMAB from 2011 to 2018.

  • Pioneer Insurance PLC received Best Financial Institution of the year 2017 by the Daily Star.


  • Pioneer Insurance PLC received Khoda Box-Bank Bima Arthonity Award 2017

  • Best Stall award Crest in Bima Mela 2018 by Insurance Development and Regularity Authority (IDRA)


  • Has Secured the Gold Award under General Insurance category in the ICMAB Best Corporate Award-2022

Get an insurance

quote to get started!

Contact us today to experience the difference of working with a trusted insurance provider.

Caring for you, forever

Headoffice

Rangs Babylonia (5th Floor),
246 Bir Uttam Mir

Shawkat Sarak,

Tejgaon, Dhaka-1208,

Contact

Tel: 02226603484-91, 16684(H)

Fax: 02226603496

M: piclho@pioneerinsurance.com.bd

The information on this website is for general purposes only and is not a substitute for professional advice. Pioneer Insurance PLC (“Pioneer Insurance”) strives for accuracy but does not guarantee the completeness or reliability of the content. Insurance products and services are subject to specific terms, conditions, and eligibility requirements, which may vary. All applications for insurance are subject to underwriting approval. We are not responsible for third-party websites linked to this site. By using this website, you agree to the terms and conditions, and any disputes will be governed by the laws of Bangladesh.

'AAA' Rating for 9th Consecutive Year

© 2025 Pioneer Insurance PLC. All rights reserved. No part of this website may be reproduced without prior written permission from Pioneer Insurance.

Privacy Policy

Legals

Get an insurance

quote to get started!

Contact us today to experience the difference of working with a trusted insurance provider.

Caring for you, forever

Headoffice

Rangs Babylonia (5th Floor),
246 Bir Uttam Mir

Shawkat Sarak,

Tejgaon, Dhaka-1208,

Contact

Tel: 02226603484-91, 16684(H)

Fax: 02226603496

M: piclho@pioneerinsurance.com.bd

The information on this website is for general purposes only and is not a substitute for professional advice. Pioneer Insurance PLC (“Pioneer Insurance”) strives for accuracy but does not guarantee the completeness or reliability of the content. Insurance products and services are subject to specific terms, conditions, and eligibility requirements, which may vary. All applications for insurance are subject to underwriting approval. We are not responsible for third-party websites linked to this site. By using this website, you agree to the terms and conditions, and any disputes will be governed by the laws of Bangladesh.

'AAA' Rating for 9th Consecutive Year

© 2025 Pioneer Insurance PLC. All rights reserved. No part of this website may be reproduced without prior written permission from Pioneer Insurance.

Privacy Policy

Legals

Get an insurance

quote to get started!

Contact us today to experience the difference of working with a trusted insurance provider.

Caring for you, forever

Headoffice

Rangs Babylonia (5th Floor),
246 Bir Uttam Mir

Shawkat Sarak,

Tejgaon, Dhaka-1208,

Contact

Tel: 02226603484-91, 16684(H)

Fax: 02226603496

M: piclho@pioneerinsurance.com.bd

The information on this website is for general purposes only and is not a substitute for professional advice. Pioneer Insurance PLC (“Pioneer Insurance”) strives for accuracy but does not guarantee the completeness or reliability of the content. Insurance products and services are subject to specific terms, conditions, and eligibility requirements, which may vary. All applications for insurance are subject to underwriting approval. We are not responsible for third-party websites linked to this site. By using this website, you agree to the terms and conditions, and any disputes will be governed by the laws of Bangladesh.

'AAA' Rating for 9th Consecutive Year

© 2025 Pioneer Insurance PLC. All rights reserved. No part of this website may be reproduced without prior written permission from Pioneer Insurance.

Privacy Policy

Legals