The Insurance Association of Pakistan (IAP) has presented a set of proposals focusing primarily on taxation and regulatory considerations with respect to the insurance sector.
A dedicated life insurance programme for dairy farmers is in the pipeline, with the pioneering initiative aiming to provide financial security insurance coverage for over 1,500 farmers and their families under the Dairy Farmers Programme.
The insurance industry in Pakistan is holding consultations to reassess underwriting policies, review reinsurance arrangements and ensure insurers maintain adequate solvency levels, according to Mr Mohammad Raza, Non-Life Committee and Property Committee member of the Insurance Association of Pakistan (IAP).
The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
Pakistan's takaful industry is entering a new phase of scale and sophistication this year, underpinned by strong asset growth, rising investor confidence and product innovation tailored to the country's economic realities.
Pakistan's Securities and Exchange Commission (SECP) has greenlit Jazz International Holding Limited's acquisition of a controlling stake in TPL Insurance Limited.
Pak Qatar General Takaful made its trading debut on the main board of the Pakistan Stock Exchange (PSX) yesterday.
The insurance industry will receive special attention as Dr Kabir Ahmed Sidhu has formally assumed charge as Chairman of the Securities and Exchange Commission of Pakistan (SECP), which is the primary regulator of Pakistan's corporate sector, capital markets, and non-banking financial institutions.
Pak Qatar General Takaful's (PQGTL) initial public offering (IPO) is at least 10 times oversubscribed with the insurer receiving applications for 410.5m shares compared to the issue size of 30m.
Pak-Qatar General Takaful Limited (PQGTL), Pakistan's first non-life Shariah-compliant operator, has announced that its initial public offering (IPO) has been oversubscribed at the Pakistan Stock Exchange (PSX).