insurance
Digital Insurance Premiums Surge 71 Percent as Industry Assets Hit Rs4.1 Trillion
The Securities and Exchange Commission of Pakistan (SECP) has released its first-ever data report on claims settled by the insurance industry, showing that insurers paid…
Sindh Approves Major Vehicle Registration and Insurance Reforms
The Sindh Cabinet has approved sweeping reforms to the vehicle registration, taxation and insurance system, introducing a deregistration policy for off-road vehicles, stricter action against…
Sindh Makes Motor Accident Compensation Automatic With Rs700,000 Cover
Sindh has implemented Motor Third Party Insurance, fixing compensation for accident victims at Rs700,000. The compensation will now be provided automatically without requiring court proceedings,…
ADB Approves $700 Million to Reform Pakistan Insurance Sector
The Asian Development Bank (ADB) has approved a $700 million loan to modernise the struggling insurance sector of Pakistan and reduce significant financial vulnerabilities. Currently,…
Senate Panel Approves Tax On Insurance Profits in Finance Bill
The Senate Standing Committee on Finance has approved proposals to impose a tax on profits earned from insurance policies, as part of the ongoing review…
Pakistan Introduces Insurance Bill 2026 to Digitize & Open Market
The Federal Government introduced the Insurance Bill 2026 in the National Assembly today, May 19. This crucial legislation will make insurance services simpler, faster, and…
New Insurance Law Tabled to Replace 25-Year-Old Rules
The federal government has tabled the Insurance Bill 2026 in the National Assembly, marking the most significant overhaul of its insurance sector in 25 years.…
State Life Pakistan’s Digital Infrastructure Allegedly Exposed Due to Major Security Misconfigurations
Pakistan’s largest life insurance corporation, the State Life Insurance Corporation of Pakistan, is facing serious cybersecurity concerns after an independent security researcher claimed multiple public-facing…
Punjab Becomes First Province to Launch General Insurance Company
Punjab has become the first province in Pakistan to establish a general insurance company, marking a historic shift in public sector financial services across the…
Sindh Makes Third-Party Motor Insurance Mandatory for All Vehicles
The Government of Sindh has officially introduced amendments to the Motor Vehicles (Amendment) Act, 2026. This significant move makes third-party motor liability insurance mandatory for…
Takaful Sector Grows Rapidly in SECP 2024 Insurance Report
The takaful sector in Pakistan’s insurance industry demonstrated remarkable growth in 2024, according to the SECP Insurance Industry Statistics report. Family takaful contributions rose 37%…
Suzuki launches all-in-one Car Insurance for Pakistani Drivers
Pak Suzuki Motor Company (PSMC) today introduced its All-in-One Car Insurance program. Suzuki buyers can now get comprehensive coverage at competitive rates, online policy issuance,…
TPL Life onboards15,000 Potential Life Insurance Agents on “Muavin” – Pakistan’s First Virtual Life Insurance Agent Platform!
TPL Life Insurance Limited, Pakistan’s 1st InsurTech enterprise in the innovative insurance business, has launched the country’s most revolutionary Virtual Life Insurance Agent Learning &…
