Company Directory - National Insurance Company Limited
Company Details - National Insurance Company Limited
National Insurance Company Limited
National Insurance Company Limited is a public sector general insurer offering a wide range of insurance products.
CCI Score
CCI Score: National Insurance Company Limited
-18.39
0.01%
Latest Event
Insurance Industry Political Contributions Fueling Authoritarian Influence in 2020 Elections
An analysis of PAC contributions from the insurance industry in the 2020 election cycle reveals a notable tilt in donations towards Republican candidates, which may bolster authoritarian policies. While the report covers the wider insurance sector, companies like National Insurance Company Limited are implicated in the broader pattern of political financing that undermines democratic accountability.
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ENABLER
National Insurance Company Limited is currently rated as an Enabler.
Latest Events
- OCT292020
An analysis of PAC contributions from the insurance industry in the 2020 election cycle reveals a notable tilt in donations towards Republican candidates, which may bolster authoritarian policies. While the report covers the wider insurance sector, companies like National Insurance Company Limited are implicated in the broader pattern of political financing that undermines democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 24
The Insurance Journal article details how insurance industry PACs have funneled significant funds to federal candidates, with about 54% directed to Republicans. This skew in funding is concerning as it contributes to a political environment that may endorse authoritarian tendencies. Although the contributions are spread across both major parties, the disproportionate support to candidates aligned with authoritarian policies raises ethical and democratic accountability issues. National Insurance Company Limited, as a player in this sector, is scrutinized for potentially participating in such practices.
How Much Insurance Groups Have Given to Trump, Biden and House, Senate Candidates
- OCT292020
The article examines the contributions made by insurance industry political committees during the 2020 election cycle, revealing a significant tilt towards Republican candidates. Although not explicitly tied to National Insurance Company Limited, as a public sector insurer in the industry, its involvement in these broader funding practices raises questions about potential inadvertent support for policies aligned with authoritarian tendencies.
-30
Political Contributions and Lobbying Efforts
March 24
The article highlights that insurance industry political committees, including those from property and casualty sectors, favored Republican candidates who are often associated with policies that might undermine democratic norms and support authoritarian practices. This practice may indirectly implicate companies within the sector, including National Insurance Company Limited, in contributing to an environment that supports such political actions.
How Much Insurance Groups Have Given to Trump, Biden and House, Senate Candidates
- DEC092018
Former NICL chairman Ayaz Khan Niazi was sentenced to 7 years in prison for embezzlement and misuse of company funds to acquire land, resulting in a loss of over Rs400 million and casting serious doubts on the ethical and governance practices of the public sector insurer.
-30
Public and Political Behavior
March 24
This event highlights a failure in public and political accountability. The conviction of the ex-chief undermines public trust in the institution and indicates systemic issues in oversight and governance that can erode democratic processes, indirectly contributing to the environment in which authoritarian practices can flourish.
-50
Business Practices and Ethical Responsibility
March 24
The corruption scandal at NICL, where funds were embezzled to purchase land, reflects deep-rooted issues in business practices and ethical responsibility. This blatant misuse of public resources not only caused significant financial loss to the national treasury but also demonstrates poor corporate governance, undermining institutional integrity required to counter authoritarian influences.
- NOV012014
A 2014 UNEP FI report emphasizes the critical need for insurers to integrate robust human rights due diligence into their risk management systems. This event highlights potential gaps in how National Insurance Company Limited, as a public sector insurer, addresses human rights risks in underwriting and investment decisions.
-25
Business Practices and Ethical Responsibility
March 24
The report underscores that inadequate integration of human rights due diligence in insurance can lead to significant reputational, legal, and financial risks. National Insurance Company Limited, operating as a public sector insurer, faces potential exposure to these risks if it does not proactively adopt comprehensive human rights policies and risk management practices. This shortfall could inadvertently align the company with broader systemic failures in protecting labor rights and community well-being.
Human rights and corporate insurance - United Nations Environment ...
- NOV232013
The Supreme Court ordered action against top officials involved in a multibillion-rupee scandal at National Insurance Company Limited, highlighting non-transparent and illegal appointments and broader governance failures that undermine democratic accountability.
-60
Public and Political Behavior
March 24
National Insurance Company Limited's involvement in politically tainted appointments and internal corruption, as evidenced by the court's condemnation of non-transparent and illegal actions, highlights a severe breach in public and political behavior. Such practices contribute to a system that undermines accountability and democratic processes, potentially enabling authoritarian tactics.
-50
Business Practices and Ethical Responsibility
March 24
The scandal at NICL underscores deep business practice and ethical responsibility failures. The company's internal corruption and unethical appointment processes indicate a disregard for transparency and accountability, which not only erodes public trust but also creates conditions favorable for authoritarian manipulation.
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