The general insurance sector of Pakistan experienced growth in premiums and earnings in 2021, says Badri Management Consultancy which is an international actuarial consulting company.
The Securities & Exchange Commission of Pakistan (SECP) has formed a technical working group to develop a preliminary model for a risk-based capital regime for the insurance sector. This work is to be completed by 30 June 2022.
The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders to increase takaful business by launching Taktech (takaful technology) to revolutionise the sector.
The Securities & Exchange Commission of Pakistan (SECP) should take notice of the rampant practice among insurers of rejecting claims, according to Mr Abdul Basit Khan, Advisor to Federal Insurance Ombudsman (FIO).
For the first time, the Securities and Exchange Commission of Pakistan (SECP) has forwarded suggestions to provincial governments to introduce fiscal measures to promote the insurance sector.
MC Islamic Bank, Hyundai Nishat Motors, and Adamjee Insurance have signed an agreement to provide Shariah compliant car financing and family takaful coverage.
Adamjee Insurance has a history of solid profitability, with profits before tax ranging from PKR1.9bn ($10.2bn) to PKR4.1bn between 2016 and 2020, notes AM Best.
In a move aimed at speeding up the processing of claims by heirs of life insurance policyholders, the Securities and Exchange Commission of Pakistan (SECP) has instructed provincial governments to digitalise the death certificate system.
The Securities and Exchange Commission of Pakistan (SECP) has approached provincial governments to digitalise the death certificate system so that heirs of life insurance policyholders can access insurance claims easily.
The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce new conditions for the appointment of the chief executive or principal officers or directors. of insurance companies.