The Khyber Pakhtunkhwa provincial government will establish a takaful company to operate a proposed universal life insurance scheme.
Introducing climate insurance products for disaster-vulnerable communities, their livelihoods and infrastructure represents the cornerstone of climate risk mitigation policy, indicated Mr Hamza Haroon, regional director for South Asia of the Climate Vulnerable Forum - Vulnerable 20 (CVF-V20).
The Securities and Exchange Commission of Pakistan (SECP) has re-joined the International Organisation of Pension Supervisors (IOPS) as a Governing Member, marking a pivotal step in Pakistan's commitment to strengthening the pension sector.
The National Assembly Standing Committee on Commerce last week approved a proposal to divest 20% of the State Life Insurance Corporation of Pakistan (SLIC), the country's biggest life and health insurance company.
The Securities and Exchange Commission of Pakistan (SECP) has broadened the eligibility criteria for the position of chief financial officer of an insurance company.
The Pakistani takaful sector chalked up contributions of PKR48bn ($173m) in the family takaful segment in 2023, 17% higher compared to 2022, according to the Securities and Exchange Commission of Pakistan (SECP).
The Pakistani insurance industry posted total gross premium written of PKR631bn ($2.27bn) in 2023, reflecting 14% growth compared to PKR553bn in 2022, according to the Securities and Exchange Commission of Pakistan (SECP), which indicates that growth could have been more rapid.
The Securities and Exchange Commission of Pakistan (SECP) yesterday proposed to increase the minimum paid-up capital requirement for insurance companies as part of its "Insured Pakistan" initiative.
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.