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life insurance has been able to grow faster than the non-life insurance companies Faisal Abbasi TPL Insurance

Faisal Abbasi is Chief Executive Officer of TPL Life Insurance, a fairly recent life insurance venture of TPL Holdings with a vision to become the most preferred and trusted customer choice for life and health insurance. Mr Faisal has more than 20 years of diversified working experience spanning across Life Insurance, Actuarial Consultancy and Banking sector in Pakistan. He is ... Read More »

IGI-Life Award Night– Bhurban

IGI-Life held its Annual Agency Awards Night at Bhurban on 10th and 11th September, 2016 to recognize its top performers and the outstanding accomplishments of the agency sales force during the year 2015. Dy. CEO Mr. Nadeem Malik was the Chief Guest along with Head of Agency Sales Mr. Akif Zia Malik and Regional Head Mr. Mohsin Abbas, who kept ... Read More »

EFU Life Assurance set up 27 Takaful branch

The entry of conventional insurance players into the Takaful market will result in high growth in the Shariah-compliant segment of the industry, said EFU Life Assurance CEO Taher G Sachak.The largest conventional life insurance company in the private sector in terms of total assets, EFU Life Assurance became the country’s first company to receive regulatory approval in February to launch ... Read More »

Insurance firms allowed to launch Takaful

Asif Arif told Media that due to their resources, capacity and reach, conventional insurance companies could venture into untapped areas and increase insurance penetration which at the moment was dismal 0.9pc of the country’s GDP. Read More »

Pakistan’s life insurance sector shown immense growth

Pakistan's life insurance sector has shown immense growth, expanding by 30-35 percent a year for the last couple of years. However, there is still a huge potential for insurers to tap a large un-served market if they would work harder to remove barriers to insurance sales, according to a senior executive with the country's largest private-sector life insurance company, Jubilee Life Insurance.Mr Javed Ahmed, Managing Director and Chief Executive Officer of Jubilee Life Insurance, Read More »

Teekam DasAswani

Teekam Das Aswani did not expect he would frequently be rubbing shoulders with the best of the best in the global life insurance industry when he started selling insurance policies in Hyderabad back in 1999.With as many as six trips to the United States during the last seven years to meet top achievers in his field belonging to more than ... Read More »

Dawood Takaful CEO elaborates on demands by Takaful companies

Dawood Family Takaful CEO Rizwan Ahmed Farid has said the Islamic insurance industry will not strike a deal behind closed doors over the controversial Takaful Rules 2012.Speaking to The local newspaer in an interview, Farid said Takaful companies will not withdraw their constitutional Read More »

Non-life insurance: Growth stunted

Despite a high number of players, growth in Pakistan’s non-life insurance industry remains stunted. In contrast with India, where only 27 non-life insurance companies operate, there were as many as 30 companies registered with the Insurance Association of Pakistan (IAP) at the end of calendar year 2011 – the latest year for which the IAP has released financial data. This ... Read More »

key person insurance

  Many small businesses would be in dire straits if something happened to the owner or their main sales person. But unfortunately few appear to take action to guard against such occurrences. One type of insurance that can protect a business in the event an essential staff member is incapacitated or dies is key person insurance. This protects the business ... Read More »

Roshen Ali Bhimjee Pakistani Warren Buffets

The refrain that Pakistan has few success stories in the fields of business, finance and entrepreneurship is questionable. What remains beyond doubt, however, is the fact that we seldom document and highlight such success stories. Just go to any Liberty Books outlet and you’ll find its business and finance section crammed with books on tycoons like Warren Buffet, George Soros ... Read More »