Pakistan: Regulator holds roundtable to discuss strategic direction for insurance sector
Source: Asia Insurance Review | Oct 2023
The Securities & Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to shape the strategic direction of the insurance sector in Pakistan.
The board chairpersons and CEOs of all insurance companies attended the roundtable discussions, according to a report by Pakistan Point News.
During the roundtable, the SECP insurance team delivered a presentation on the five-year strategic direction plan. They provided a current snapshot of the industry, outlined challenges faced by the insurance sector, explained the vision and mission of the plan, and detailed the operational and strategic outcomes of the plan.
They emphasised key objectives such as policyholder protection, innovation, cooperation and transformation, and improved insurance coverage. They also shared their approach to enhancing the ease of doing business, engaging with stakeholders, facilitating access to information, building capacity, providing access to capital and reinsurance, raising awareness through innovation, and modernising legislation to align with international standards. A