It needs hardly any emphasis that insurance plays a vital role to the economy of a country. As the pace of industrialization is getting momentum in the country, the need for providing protection against various perils which may cause loss to properties trade and commerce is increasing simultaneously. In order to extend efficient services to the clients in the context of globalization, Islami Commercial Insurance Co. Ltd. started in its operation of business from 1^st day of January, 2000. Accordingly, as required under the law of the country, the company is duly registered and established under the Company’s Act, 1994 and the Insurance Act, 1938 with a view to transacting all types of General Insurance business viz. Fire, Marine, Motor & Miscellaneous insurance business etc.