Nine insurance companies have signed an MoU with the Central Depository Company of Pakistan (CDC) to set up Pakistan's first centralised auto insurance repository, under the guidance of the Securities and Exchange Commission of Pakistan (SECP).
The Securities and Exchange Commission of Pakistan (SECP) has stressed the crucial need for agricultural insurance in Pakistan which currently accounts for only 2% of the total non-life sector premiums.
The Securities and Exchange Commission of Pakistan (SECP) has put forward a proposal to the Federal Board of Revenue (FBR) for the upcoming 2024-25 Budget to reinstate income tax credits for individuals purchasing insurance plans.
The potential conflict zone mentioned this year by the biggest number of panelists in a survey on political risk by WTW is India and its regional neighbours.
The Securities and Exchange Commission of Pakistan (SECP) has entered the second phase of its end-to-end digital transformation and automation project, LEAP (Leading Efficiency through Automation Prowess), thereby automating its regulatory approvals and licensing regime.
The Securities and Exchange Commission of Pakistan has proposed amendments to the General Takaful Accounting Regulations, 2019, allowing non-life insurers to present complete takaful results in financial statements.
Multiple layers of taxation in Pakistan are affecting the affordability of insurance and exacerbating existing inequalities by placing a disproportionate burden on those who can least afford insurance, says the Securities and Exchange Commission of Pakistan (SECP).
The adoption of international reporting standards and the modernisation of Pakistan's insurance industry will remain critical priorities for the Securities and Exchange Commission of Pakistan (SECP), said the Commissioner of Insurance, Aamir Khan.
Severe weather has affected large portions of Southwestern Asia in recent days with the impacts reported in Afghanistan, Pakistan, Oman, the UAE, and elsewhere across the region, says Aon in its "Weekly Cat Report" for the week ended 19 April 2024.
The Securities and Exchange Commission of Pakistan (SECP) has licensed Salaam Family Takaful Limited as the first-ever digital family takaful operator in the country.