Trends - Insurance - Business Recorder

Insurance

A call for robust public sector insurance

Pakistan’s general insurance sector lags behind its Asian peers due to several factors, including low financial...

Updated 06 Dec, 2024 08:19am

Pakistan

NA body supports PPP mode for affordable insurance, sustainable relief programmes

ISLAMABAD: The National Assembly Standing Committee has advocated Public Private Partnership (PPP) for affordable...

Updated 30 Nov, 2024 08:28am

Business & Finance

Leading insurance firm to pay Rs0.5m fine for violating ordinance

LAHORE: A leading insurance company was left with no option but to pay a penalty of Rs500,000 imposed by Securities...

Published 05 Nov, 2024 03:30am

Business & Finance

SECP releases Insurance Industry Statistics for year 2023

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) data revealed that the life insurance sector...

Published 26 Oct, 2024 06:45am

Insurance cos: SECP hikes minimum required amount of paid-up capital

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has increased the minimum required amount of...

Updated 16 Oct, 2024 09:25am

Business & Finance

Conference on ‘Insurance Landscape of Tomorrow’ held

ISLAMABAD: The Pakistan Society of Actuaries (PSoA) Wednesday organized the Conference on “Insurance Landscape of...

Published 26 Sep, 2024 06:48am

Markets

Hacker uses Telegram chatbots to leak data of top Indian insurer Star Health

WASHINGTON/BENGALURU: Stolen customer data including medical reports from India’s biggest health insurer, Star...

Published 20 Sep, 2024 10:25pm

Pakistan

President upholds 9 decisions of FIO

ISLAMABAD: President Asif Ali Zardari on Friday upheld nine decisions of the Federal Insurance Ombudsman (FIO),...

Published 14 Sep, 2024 07:33am

Business & Finance

Transactional insurance: EFU Life & General partners with easypaisa

KARACHI: easypaisa, has partnered with EFU Life, and EFU General, to introduce transactional insurance. The...

Published 30 Aug, 2024 06:07am

Pakistan

Insurance firm wins jurisdictional dispute against ombudsman

LAHORE: An insurance company has secured a victory in jurisdictional dispute against the insurance ombudsman. In a...

Published 08 Aug, 2024 07:38am

Pakistan

Cannot defer reform agenda anymore, says Aurangzeb

Finance minister says state-owned insurance companies should also be handed over to private sector

Updated 01 Aug, 2024 09:34pm

Business & Finance

SECP releases report titled ‘Insured Pakistan: Pools Dynamics’

ISLAMABAD: To meet the objectives of the Insured Pakistan 5-year Strategic Plan, the Securities and Exchange...

Published 01 Aug, 2024 07:21am

Business & Finance

AHL joins SLIC as key distribution partner for insurance solutions

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) and Arif Habib Limited (AHL) have teamed up in a...

Published 04 Jul, 2024 05:47am

Business & Finance

Livestock Insurance: SECP for establishing insurance pools

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended establishing insurance pools or...

Published 08 Jun, 2024 07:00am

Business & Finance

easypaisa partners with IGI Life & IGI General to enhance insurance-based offerings

KARACHI: Telenor Microfinance Bank has signed an agreement with IGI Life and IGI General, laying the foundation for...

Updated 15 May, 2024 10:59am

Business & Finance

Govt likely to initiate inclusive insurance schemes

ISLAMABAD: The government, in collaboration with insurance companies, expected to initiate inclusive insurance...

Published 17 Apr, 2024 05:28am

Business & Finance

Baltimore ship tragedy: Insurers brace for multi-billion dollar losses

LONDON: Baltimore’s Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims,...

Published 28 Mar, 2024 05:47am

Business & Finance

Insurance claims: FIO sets up ‘Ramazan emergency cell’

KARACHI: The Federal Insurance Ombudsman (FIO) has announced significant relief for the public sitting in...

Published 18 Mar, 2024 04:56am

Foreign investment: Ministry under pressure to open up insurance sector

SECP Chairman Akif Saeed says that draft Insurance Ordinance had been shared with the Ministry of Commerce

Updated 18 Mar, 2024 09:53am

Pakistan

President directs two firms to pay death insurance claims

ISLAMABAD: President Dr Arif Alvi has directed two private insurance companies to pay the death insurance claims of...

Published 17 Feb, 2024 05:51am

Business & Finance

Insurance: Collaboration for digital healthcare solutions

KARACHI: Sehat Kahani, a digital healthcare platform, has forged a strategic alliance with EFU Health Insurance Ltd...

Published 16 Jan, 2024 05:44am

Business & Finance

EFU General brings insurance round the clock

KARACHI: EFU General Insurance Ltd. brings a mobile app, aimed to deliver a premium customer experience with...

Published 16 Jan, 2024 05:44am

World

Quakes and storms cause $95 billion in insurance losses in 2023

MUNICH: Earthquakes in Turkiye and Syria, storms in the United States and other natural disasters caused an...

Published 09 Jan, 2024 01:15pm

Agri insurance pool may act as risk aggregator: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended that an agricultural insurance...

Updated 27 Dec, 2023 09:26am

Business & Finance

Salaam Takaful, Syngenta Pakistan pilot crop insurance programme in Punjab

ISLAMABAD: Salaam Takaful Limited in collaboration with Syngenta Pakistan Limited has piloted a weather and...

Published 27 Dec, 2023 05:15am

Supplements

IGI Holdings Limited – A Trusted Pioneer in Insurance, Protection, and Financial Planning

In the ever-evolving landscape of financial services, finding a comprehensive solution that caters to insurance,...