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SECP to set up insurance repository Zafar Hijiazi

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 »

State life Insurance total premium income,rose to Rs65.7 billion in 2013

State life insurance total premium income,rose to Rs65.7 billion in 2013, which is 17.3% higher than State Life’s total premium income of Rs56 billion in 2012.Closing Fig of Year 2014 has not yet finalized, but a 10 % Growth rate is seen in the year Read More »

Jubliee General Insurance introduces app

Jubilee General Insurance has introduced its first mobile application for motor insurance in Pakistan. This launch was held during a ceremony in the Jasmine Hall, Beach Luxury Hotel, Karachi. Read More »

SECP takes punitive actions against insurance companies

The Securities and Exchange Commission of Pakistan (SECP) have issued four show-cause notices and a warning letter to insurance companies on non-compliance with the insurance ordinance, including that of minimum solvency requirements Read More »

GovernorPubjab awards Uinited Insurance for CSR services

Governor of Punjab Chaudhry Muhammad Sarwar has awarded United International Group (UIG) for outstanding Corporate Social Responsibility (CSR) services.The award distribution ceremony was held at a Royal Palm Golf and Country Club, Lahore Read More »

Insurance Reforms new agenda of world Bank

world Bank and Securities and Exchange Commission of Pakistan (SECP) is working on insurance reform regulatory framework and strengthen the supervisory capacity of the commission.A team of technical experts from the World Bank on Tuesday called on Chairman SECP Zafar Hijazi to discuss the bank’s assistance in the insurance law reforms Read More »

Asia Insurance allocate Rs.50 Million for Takaful operation

Asia Insurance Company Limited will seek approval to allocate Rs50 million ($492,853) in capital to its takaful operationseek shareholder , Company seek approval next week to offer Islamic insurance (takaful) products, the latest insurer seeking to expand into the sector. Read More »