FISCO was founded by Late MM Rai who was a veteran in the insurance business for more than 5 decades. He was the Chairman of M.R. Development & Commercial Co.Ltd (Cyprus) which held the Insurance General Agency of:
+ The Baloise Insurance Co.Ltd,. a Swiss Company. In 1975, Rai established the General Agency of this company in the Sultanate of Oman.
+ Assurance Generales De France IART & VIE – of which he established the General Agency at United Arab Emirates in the year 1977.
After the sad demise of our Chief Executive Mr. M.M.Rai, FISCO was handed over to his wife Mrs. Vani M Rai, and nephews Mr. Ashok Rai & Mr.Dewakara Alva. Combined, they have over 100 years of combined experience and knowledge in the insurance industry.
Over the years, FISCO has emerged as a progressive, professional and independent insurance brokering and consultancy firm, offering cost-effective solutions to mitigate risks posed by the ever-changing business environment.
The product portfolio spans a wide spectrum of Insurance products covering individual, commercial, specialist and life & medical services. Our individual line of products include: motor, yachts, personal effects, and house contents insurance. Life & medical products include: critical illness, life assurance, medical, personal accident, and travel insurance. The corporate line includes products such as property, liability, engineering, and marine insurance.