The Insurance Division in BCC provided advice to branches and clients, subject to local regulations, on any insurance matter and obtained insurance wherever required.
The Insurance Division kept in close touch with the Insurance market generally.
With the increasing volume foreign trade business financed by BCC requiring goods to be insured, and insurance required in other lending operations, the clients were paying insurance premiums to insurance companies totalling sizeable amounts. To gain the benefits from insurance premiums, BCC established an insurance company known as Credit and Commerce Insurance (CII) in London, United Kingdom.
Likewise, with the rapid expansion of BCC's global network of branches, BCC executives, managers and officers were required travelling regularly. They purchased air tickets from travel agents, until BCC set up a travel company known as International Travel Corporation (ITC) in London to benefit from sales of air ticket through ITC.
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