Tag: life insurance Pakistan

Punjab Life Insurance Secures SECP License to Become First Provincial Government Owned Life Insurer

The Securities and Exchange Commission of Pakistan has officially granted a life insurance license to Punjab Life Insurance Company making it the 13th life insurer in the country.

SECP Introduces Draft Actuarial Valuation Rules 2025 for Life, Non-Life Insurance and Takaful Businesses

The SECP has notified the draft Actuarial Valuation Rules 2025 for public consultation, aiming to modernize insurance and takaful practices in Pakistan through transparency, risk-based capital, and international alignment.

Pakistan’s Insurance Sector Sees Growth in 2024 with Strong Gains in Life and Non-Life Premiums

Pakistan’s insurance sector recorded strong growth in 2024 with life and non-life premiums rising, digital insurance nearly doubling, and millions of new policies issued across the country.