Regulatory frameworks, financial literacy and distribution infrastructure continue to evolve in Africa, creating significant opportunities for future growth of takaful, according to Moody's Ratings.
Pakistan's Securities and Exchange Commission of Pakistan (SECP) has proposed tighter regulatory controls for insurers providing guarantees linked to government contracts, construction, procurement and trade.
The Securities and Exchange Commission of Pakistan (SECP) has proposed mandatory timelines for insurance companies to process and settle claims, aiming to reduce delays and strengthen consumer protection.
Pakistan General Insurance Company (PGIC) has received approval from the Securities and Exchange Commission of Pakistan (SECP) to operate a takaful window.
The Securities and Exchange Commission of Pakistan (SECP) is working with the governments of Punjab and other provinces to enforce mandatory third-party motor insurance across the country.
The Asian Development Bank (ADB) has approved a $700m policy-based loan to support reforms aimed at strengthening insurance in Pakistan.
Pakistan's Federal Government has introduced the Insurance Bill, 2026, in the National Assembly to make insurance services simpler, faster and more accessible for citizens through digital platforms.
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).