The Punjab government has been working to establishing a state-owned insurance company for the province, drawn to the proposed move by the performance of the insurance sector in the country.
The Securities and Exchange Commission of Pakistan (SECP) has formed a Pension and Annuity Working Group (PAWG) as it gears up efforts to develop the country's private pension and annuity market.
The Securities and Exchange Commission of Pakistan (SECP) last month effected notification of the Corporate Insurance Agents Regulations, 2020, to strengthen the regulatory regime for the distribution of insurance through corporate insurance agents, including bancassurance.
Jubilee General Insurance has a track record of strong operating performance, with a five-year weighted average return on equity of 16.5% (2015-2019), notes AM Best.
The German development finance institution DEG (Deutsche Investitions - und Entwicklungsgesellschaft) has received the green light from the board of directors of TPL Insurance to make an equity investment by DEG of 19.9%.
EFU General Insurance (EFUG) has a track record of strong operating performance, with a five-year weighted average return on equity of 15.3% (2015-2019), supported by positive underwriting and investment results, notes AM Best.
The Securities and Exchange Commission of Pakistan (SECP) has granted a life insurance licence to Postal Life Insurance (PLI), the regulator announces in a statement.
The Security and Exchange Commission of Pakistan (SECP) has revamped the regulatory regime by reducing obstacles in many of its regulated sectors to ensure Ease of Doing Business (EODB).
The government has been working on a crop insurance plan targeted at farmers, National Food Security & Research Minister Syed Fakhar Imam has revealed.
The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Insurance Ordinance 2000 to address regulatory gaps in the existing law and provide a conducive regulatory environment to encourage market development.