Tuesday , 23 January 2018
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Rahat Sadiq Elected Chairman Insurance Association of Pakistan

Mohammed Rahat Sadiq Chief Executive Officer, United Insurance , Syed Kazim Hasan, Chief Operating Officer, TPL Insurance  and Shabir Gulam Ali  Chief Executive Officer  Habib Insurance  have been Elected  Unopposed as Chairman, Senior Vice Chairman and  Vice Chairman of The Insurance Association of Pakistan for the year 2017-18. Read More »

Proposed Insurance Bill 2017 destroy entire industry

Proposed Insurance Bill 2017 will destroy entire Insurance Industry this was sated in a meeting of Professional Association of Insurance Surveyors (PAIS).PAIS emergency meeting was held in Lahore, which was chaired by PAIS President Junaid Zaidi. The meeting was called after the news published in media that Security and Exchange of Pakistan (SECP) has been found involved in record tempering. ... Read More »

IAP to develop software for centralization of data bases

IAP to develop software for centralization of important date base,this was stated by the Chairman Insurance Association of Pakistan (IAP), Tahir Ahmed while speaking at he annual dinner of IAP. he said that technical committees are working on various proposals including development of software’s for centralization of important data bases to address the issue of outstanding premium and risk mitigation. ... Read More »

Insurance made mandatory for driving licence

Insurance made mandatory for driving licence, Traffic police authorities has announced that third-party insurance of all vehicles and their drivers will be compulsory so that owner and drivers of vehicles can get insurance benefit in case of any accident.It has been observed in the metropolis that in case of even minor accident, drivers usually start fighting leaving their vehicles in ... Read More »

Adamjee Insurance: From strength to strength

Adamjee Insurance (KSE:AICL) continued its habit of reporting upbeat results as of late. In the six months ended June 30, 2015, the firm saw its after-tax profits nearly double to Rs. 1.6 billion, as compared to the same period last year. This converts to earnings of Rs. 4.57 per share, against Rs. 2.41 in the year-ago period.The insurer experienced a ... Read More »

Allied Bank wins best bank award

was an acknowledgement of Allied Bank’s performance in Investment Banking transactions in Equity and Advisor Read More »

New bancassurance rules notified by SECO

The Securities and Exchange Commission of Pakistan (SECP), has notified the bancassurance regulations 2015. With the implementation of the regulations, it is envisaged that the long-term interests of three primary stakeholders of life insurance business, i.e. policyholders, insurer, and agent (banks in this case) shall be more aligned. Various new regulatory measures like rationalization of bank’s remuneration structure, restriction on ... Read More »

State Life and Summit Bank ink agreement

State Life Insurance Corporation of Pakistan (SLIC) Chairperson Nargis Ghaloo said, “As the only national player in the bancassurance market, State Life Insurance Corporation feels it has an obligation to reach out to every potential customer through every available distribution channel. With the benefit of Summit Bank’s distribution network, SLIC believes this partnership will help us leverage our capabilities for ... Read More »

Debate over cyber insurance

Debate on Cyber insurance is ignited as A recent case of an insurance company suing a former client to recover a $4 million claim payout has filed against Cottage Health care systems. Healthcare Systems suffered a data breach due to a hack of their systems. Their insurance company, Columbia Casualty, a division of CNA, alleges that Cottage Healthcare Systems didn’t maintain its security ... Read More »

Mobilink launch health insurance product, MobiCare,

Mobilink and Waseela Microfinance Bank have announced the launch of an innovative corporate health insurance product, MobiCare, after signing an agreement with AsiaCare Health and Life Insurance. MobiCare shall be offering health insurance solutions to corporate customers through its existing network of panel hospitals comprising of over 240 institutions across Pakistan. Waseela Microfinance Bank Limited (WMBL) Chief Executive Officer (CEO) ... Read More »