The Securities and Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to identify policy and regulatory measures to enhance the takaful industry's market share and promote Shariah-compliant financial inclusion, thereby contributing to economic growth and ongoing regulatory reforms.
The Securities and Exchange Commission of Pakistan (SECP), Pakistan's insurance regulator, organised a roundtable discussion titled "The Future of Takaful in Pakistan", which is part of the SECP's 'Insured Pakistan' five-year strategic plan.
Pak-Qatar Family Takaful, a Shariah-compliant insurance company, plans to raise PKR1.1bn ($3.9m) through an initial public offering (IPO) next month, taking advantage of the Pakistan Stock Exchange's (PSX) record-breaking rally, Bloomberg reported.
Recent floods in Pakistan have caused an estimated PKR822bn ($2.91bn) economic loss affecting 6.5m people across 70 districts.
EFU Life has partnered with digital wallet company JazzCash, to launch a digital insurance ecosystem in the country that will help millions of Pakistanis access insurance.
The underperformance of Pakistan's insurance industry is symptomatic of deeper structural constraints that continue to hinder the sector from realising its full potential, according to the chairman of the Securities and Exchange Commission of Pakistan (SECP), Mr Akif Saeed.
There is a pressing need for healthcare sector transformation, given issues and bottlenecks in the delivery of healthcare services, with a special focus on funded healthcare i.e. by insurance companies, says a report issued by the Securities and Exchange Commission of Pakistan (SECP), which supervises the insurance industry.
The retail health insurance market in Pakistan is disadvantaged and underserved, according to a report released by the Securities and Exchange Commission of Pakistan (SECP), which supervises the insurance industry.
The Securities and Exchange Commission of Pakistan (SECP) has approved the country's first-ever digital-only non-life insurance licence to InsurTech Digi Insurance. This is described as a significant milestone in the evolution of Pakistan's insurance sector.
Pakistan's insurance regulator, the Securities and Exchange Commission of Pakistan (SECP), has published a report titled "Role of Insurance in Social Security: Landscape of Pakistan". The study explores the potential of insurance as an instrument for social protection and financial resilience, particularly for vulnerable and underserved populations.