The Securities & Exchange Commission of Pakistan (SECP) places specific focus on takaful as a strategic priority in its five-year plan for the insurance sector, Mr Akif Saeed, the chairman of the regulatory agency said in his welcome address to participants of a roundtable discussion held earlier this month.
Jubilee General Insurance Company has a history of strong earnings, with a five-year (2019-2023) weighted average return on equity of 17.6%, notes AM Best.
The Securities and Exchange Commission of Pakistan (SECP) has issued a revised illustration format to improve the readability, standardise insurers' illustrative values, and safeguard prospective policyholders from any deception.
A report by the Securities and Exchange Commission of Pakistan (SECP) has revealed that Pakistan's insurance sector is way behind its peers in the region in the adoption of digitalisation with less that one per cent of premiums generated online.
The Securities and Exchange Commission of Pakistan (SECP) has underscored the necessity of establishing insurance pools in the country.
The majority of insurers have yet to take significant steps towards digitalisation, according to the findings of a survey by the Securities and Exchange Commission of Pakistan (SECP) on digitalisation in the insurance industry in the country.
The Pakistani government has decided to sell its stakes in three insurance companies and rejected the recommendations of their boards to retain the insurers in the public sector.
EFU General Insurance (EFUG), the largest non-life insurer in Pakistan, has a history of robust operating profitability, with a five-year (2019-2023) weighted average return on equity of 12.9%, supported by positive underwriting and investment results, says AM Best.
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.