Monday , 29 May 2017
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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 »

EFU life insurance &Advantage sign Service and Consultancy

EFU life

EFU Life Assurance Ltd. and Advantedge & Partners (Pvt) Ltd. have entered into a Service and Consultancy Agreement to explore areas of mutual interest in business development for efu Life Insurance and Savings solutions. EFU Life is a leading life insurance company in Pakistan and is the first Window Family Takaful Operator licensed by SECP. Advantedge, a registered Management Consulting ... Read More »

State Life and Summit Bank ink agreement

madam Ghuloo

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 »

promotion of the micro-insurance market SECP take Steps

The Securities and Exchange Commission of Pakistan (SECP) is taking vigorous steps for the promotion of the micro-insurance market to enhance the insurance penetration and financial inclusion. It is being done in the wake of the Micro-insurance Rules that were issued to promote the micro-insurance market in Pakistan.The SECP is encouraging all the insurance companies to include micro-insurance business in their annual ... Read More »

Debate over cyber insurance

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 »

Beemakar May 2015 issue

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SECP to set up insurance repository Zafar Hijiazi

Chairman SECP

Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi said the SECP was working on a fast track basis to establish an insurance repository in Pakistan. Hijazi was speaking at a roundtable on establishment of insurance repository in Pakistan, organised by the SECP. Senior officials from the SECP, life insurance industry and the Central Depository of Pakistan were present. ... Read More »

EFU life announced Financial Results


EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2014 as approved in the meeting of the Board of Directors held on 14 February 2015. The Company posted a profit after tax of Rs. 951 million for the year 2014 with earnings per share of Rs. ... Read More »

EFU Life launch Window Family Takaful Operations


EFU Life Assurance Ltd, the leading life insurance company of Pakistan introduces first Window Takaful Operations licensed by Securities & Exchange Commission of Pakistan. Read More »

EFULife entered in Takaful Business,


EFU Life entered in Takaful Business, EFU life Assurance Ltd, the leading life insurance company in the private sector of Pakistan, has received the license from Securities & Exchange Commission of Pakistan to commence business as a Window Takaful Operator. Read More »