Inspac (PNG) Limited is a wholly owned Papua New Guinea company incorporated in July 2005.
We are one of the most innovative insurance companies in Papua New Guinea, offering ‘insurance on the go! We provide policies that are created for your needs, not ours. Inspac is your one-stop insurance shop for all types of insurance policies. Whether you’re looking for corporate or personal insurance policies, we’ve got you covered the Inspac-Way. By providing policies that are customisable for your preferences, we also aim to be fair and fast, convenient and easily accessible, and above all, only a click away.
Invest in yourself and make the switch to a simpler insurance provider with our safe and reliable policies. Inspac has served businesses and individuals from across our ‘land of the bird of paradise for over 15 years.
We offer comprehensive coverage policies for you, your business, and your assets. Our policies are simple, direct and not cluttered with insurance jargon.
Our insurance covers let you know what you’re paying for and what you’re getting in return. Whether you’re insuring your house, car, business or more, our job is to ensure you’re not burdened with the financial loss that comes with the uncertainties of life.
The major shareholders in Inspac are from the Southern Highlands region of Papua New Guinea and are involved with the production of Oil and Gas from the fields located in this Province.
This solid investment in Inspac shows the level of commitment and belief in the future of the company for the long term and that the capital levels far exceed the current requirements of the Office of the Insurance Commissioner.
Guy Carpenter is the Company’s professional reinsurance broker and they have arranged for Inspac an extremely solid reinsurance programme, placed with Lloyd’s of London Syndicates and with quality rated international reinsurers ranging in rating from “AA+” to “A+”.
When a customer insures with Inspac they can rest assured that their insurance policies are backed by world-class security second to none and of course the strength of Inspac’s balance sheet.
At Inspac we hold our values very high and these are:
|Integrity – We uphold the highest standards of integrity in all of our actions
|Boldness – We allow our people to be creative
|Honesty – Encourage the art of honesty to own your actions
|Trust – To be able to be trusted and trust others
|Accountability – We are personally accountable for delivering on our commitments
|Commitment to Customers – We develop relationships that make a positive difference in our customer’s “lives”
|Passion – To live this within you to carry out your role
|Fun – You must have this to enjoy what you are doing
|Humility – We value our people, encourage their development and reward their performance
|Continuous Learning – We will provide the path for you to be able to achieve your own goals
|Ownership – You must own the role that you perform
|Constant Progression – In your role, you will assist the Company to progress going forward
|Leadership – Strong and dedicated, leadership is an absolute must for the Company to go forward
|Diversity – This is a key to being able to maximize the opportunities that are presented
Inspac Board is committed to investing in appropriate capacity and resources to ensure that Inspac is built to international standards and is managed well. The Inspac Board comprises four (4) Directors, two representing shareholders and two outside Directors bringing wider corporate and government board experience.
Independence and good corporate governance will be the cornerstone of Inspac Board’s Philosophy. This vision, drive and commitment to building successful business enterprises will now be channelled into this new long-term investment in an insurance company. This fresh, vigorous and adventurous approach will be welcome, as they take on the challenge.
Augustine S. Mano - Board Chairman
Sundaram Srinivassan - Board Director
Dickson Tasi - Board Director
Madiu Andrew - Board Director
Christopher Giddings - Company Secretary
The Core Team
Inspac’s underwriting staff have a combined 35 years of underwriting experience in the PNG market. All staff are being trained to fully utilize the full ambit of the software which gives them a distinct edge in proficiency and quality plus the integrity of information and data.
The Inspac Management Team is being built on the back of some of the most experienced insurance professionals in PNG together with carefully selected expatriate support, committed to building a world-class insurance operation, capable of competing not just in the PNG domestic market but also in the international arena.