The adoption of international reporting standards and the modernisation of Pakistan's insurance industry will remain critical priorities for the Securities and Exchange Commission of Pakistan (SECP), said the Commissioner of Insurance, Aamir Khan.
Severe weather has affected large portions of Southwestern Asia in recent days with the impacts reported in Afghanistan, Pakistan, Oman, the UAE, and elsewhere across the region, says Aon in its "Weekly Cat Report" for the week ended 19 April 2024.
The Securities and Exchange Commission of Pakistan (SECP) has licensed Salaam Family Takaful Limited as the first-ever digital family takaful operator in the country.
The Securities and Exchange Commission of Pakistan (SECP) has issued a report that explores inclusive insurance in Pakistan, highlighting its untapped market potential.
The Commerce Ministry is reportedly under pressure to open up the insurance sector to international investment and to divest insurance companies.
The Securities and Exchange Commission of Pakistan (SECP) has been holding separate meetings with life and non-life insurance companies to seek their input on the digitalisation of the insurance sector in Pakistan.
Since 27 February, parts of southwestern Asia, including Pakistan, south-eastern Iran and Afghanistan, have experienced heavy precipitation that resulted in casualties and material damage, according to Aon in the 8 March edition of its "Weekly Cat Report".
The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper to seek feedback on the implementation of a new strategy for the adoption of Shariah, accounting, auditing and governance standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Pakistan's government has decided to increase the paid-up capital of the State Life Insurance Corporation (SLIC), the largest life and health insurer in the country, to meet the regulatory requirements of the UAE and avoid a fine.
The Securities and Exchange Commission of Pakistan (SECP) has started working on a microinsurance scheme for low-income households and vulnerable communities.