Capital Insurance Group Limited
Capital Insurance Group Limited is a privately held insurance company founded in 1993, headquartered in Port Moresby, Papua New Guinea. It specializes in life and general insurance, serving over 500,000 clients across five Pacific markets and employing around 120 people to provide tailored insurance services.
Company Overview
Capital Insurance Group Limited is a privately held company founded in 1993, operating in the insurance industry. With a team size of 100 employees, it is classified as a medium-sized business. The company is headquartered in Port Moresby, National Capital District, Papua New Guinea, and has additional locations in Suva, Fiji; Nuku'alofa, Tonga; and Honiara, Solomon Islands. Capital Insurance Group Limited serves over 500,000 clients across five Pacific markets, including Papua New Guinea, Fiji, Tonga, Vanuatu, and the Solomon Islands.
Insurance Products
Capital Insurance Group Limited specializes in both life insurance and general insurance. The company offers a diverse range of insurance products, including Group Medical, Term Life, Business Insurance, Workers Compensation, and Contractors All Risk insurance. It also provides public and products liability protection, as well as coverage for home and contents against various risks. Additional offerings include Commercial Property, Machinery Breakdown, and Marine Cargo & Transit insurance, designed to meet the needs of commercial, corporate, and small businesses.
Market Presence
Capital Insurance Group Limited operates in multiple Pacific markets, providing tailored insurance services to businesses of all sizes. The company maintains a presence in the Autonomous Region of Bougainville to extend its services. It is recognized as the largest insurance company in the South Pacific, supported by investment-grade reinsurance to ensure the security of client policies. The company aims to mitigate risks for its clients through its comprehensive range of insurance products.
Corporate Social Responsibility
Capital Insurance Group Limited is committed to supporting community initiatives through its Corporate Social Responsibility (CSR) programs. The company engages in activities that promote sustainability within local communities and aims to create value for people and the economy. Its CSR initiatives reflect its dedication to not only providing insurance services but also contributing positively to the regions it serves.
Recent Developments
In August 2024, Capital Insurance Group Limited successfully completed the acquisition of Tower Insurance (Vanuatu) Limited, further expanding its market presence. Following this acquisition, the company operates as Capital Insurance (Vanuatu) Ltd, enhancing its ability to provide tailored insurance solutions in the region. This strategic move aligns with the company's goal of delivering flexible and comprehensive insurance products to protect against life's uncertainties.