EFU General Insurance Company
	Allianz EFU Health Insurance Company

By 1961, the EFU was the largest insurance company not only in Pakistan but also in all of Afro-Asia excluding Japan. It remained so until 1972 when life insurance in Pakistan was nationalized. From this time onwards EFU operated solely as a general insurance company. EFU General is the second largest general insurer in Pakistan.

EFU General is managed by a team of experienced insurance professionals with strong support from service departments such as Finance and Human Resource Development. The Managing Director of the Company has international experience of running the general insurance operations of an insurance company based in the United Arab Emirates (UAE). EFU General has over 64 branches situated throughout the country and employs over 1,000 individuals at its Head Office and in the branch network. In 2004 EFU General's total premium income was Rs. 4.8 billion.

In 1992, the Government of Pakistan opened up life insurance to the private sector and EFU Life Assurance Ltd was incorporated in 1992 as the first private sector life insurance company.

The third company in the EFU Group is Allianz EFU Health Insurance Ltd which is dedicated to providing health insurance to individuals and corporations. It is a joint venture with Allianz of Germany, one of the largest insurance companies of the world. Allianz EFU Health is Pakistan's first specialized health insurance provider.

EFU is the only insurance group in Pakistan to provide a full range of insurance services. This includes life, health and general insurance. A pillar of EFU's strength lies in its close and long-term (over 50 years) relationship with its main reinsurer, Munich Re of Germany, one of the largest reinsurance companies in the world.

Another unique feature of EFU is a voluntary review mechanism by the companies to keep under review their operations, by professionals of international repute. EFU General has taken Mr. Wolfram Karnowski, who retired at a very senior level from Munich Reinsurance Company of Germany, on its Board of Directors. EFU Life has appointed Mr. Michael Bell, a very eminent UK based actuary (retired from Watson Wyatt and currently Chairman of a large UK based life company), to carry out an annual review of the company's policies and operations. This independent review enables the company to keep abreast of international changes in the industry and ensures that the managements adopt the best international practices.