Pakistan's Securities and Exchange Commission (SECP) has greenlit Jazz International Holding Limited's acquisition of a controlling stake in TPL Insurance Limited.
The regulator expects the tie-up between the digital insurer and telecom operator to boost insurance penetration and attract foreign capital. The approval reflects SECP's broader push to create a transparent, investor-friendly market through structural reforms, including new frameworks for digital-only insurers and micro insurers.
The Commission vetted the deal to ensure it meets corporate governance and management standards, positioning it as a catalyst for innovation in financial services.