The Securities and Exchange Commission of Pakistan (SECP) has issued an exposure draft of regulatory requirements for the sale of life insurance savings products through technology-based distribution channels by life insurers.
The Competition Commission of Pakistan (CCP) has proposed that the reinsurance market in the country be opened up to the private sector.
Adamjee Insurance Company has a history of robust operating profitability, with profits before tax ranging from PKR2.2bn ($7.95m) to PKR5.1bn between 2019 and 2023, noted AM Best.
The Securities & Exchange Commission of Pakistan (SECP) places specific focus on takaful as a strategic priority in its five-year plan for the insurance sector, Mr Akif Saeed, the chairman of the regulatory agency said in his welcome address to participants of a roundtable discussion held earlier this month.
Jubilee General Insurance Company has a history of strong earnings, with a five-year (2019-2023) weighted average return on equity of 17.6%, notes AM Best.
The Securities and Exchange Commission of Pakistan (SECP) has issued a revised illustration format to improve the readability, standardise insurers' illustrative values, and safeguard prospective policyholders from any deception.
A report by the Securities and Exchange Commission of Pakistan (SECP) has revealed that Pakistan's insurance sector is way behind its peers in the region in the adoption of digitalisation with less that one per cent of premiums generated online.
The Securities and Exchange Commission of Pakistan (SECP) has underscored the necessity of establishing insurance pools in the country.
The majority of insurers have yet to take significant steps towards digitalisation, according to the findings of a survey by the Securities and Exchange Commission of Pakistan (SECP) on digitalisation in the insurance industry in the country.
The Pakistani government has decided to sell its stakes in three insurance companies and rejected the recommendations of their boards to retain the insurers in the public sector.