Tag: Pakistan insurance sector

Punjab Life Insurance Supports Raast-Based IBAN-CNIC Verification for Digital Insurance Services in Pakistan 

Punjab Life Insurance Company Limited has joined an industry initiative led by the Central Depository Company to extend Raast-based IBAN-CNIC Pair Verification Services to life insurance and Takaful companies, strengthening payment security, operational efficiency and digital financial services in Pakistan.

EFU Life Assurance Drops Planned Acquisition of Waada Digital After Mutual Agreement

EFU Life Assurance has withdrawn its proposed acquisition of Waada Digital, with both parties mutually agreeing not to proceed with the transaction.

TPL Insurance and Kuickpay Partner to Expand Digital Micro-Insurance Access Across Pakistan Through Checkout Integration

TPL Insurance partners with Kuickpay to integrate micro-insurance into its digital checkout journey, improving convenience and access to insurance solutions.

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.

UNDP and SECP Collaborate to Digitally Transform Pakistan’s Insurance Ecosystem

UNDP Pakistan and SECP launch a joint initiative to modernize the insurance sector through digital transformation, aiming for inclusivity, transparency, and stronger resilience in financial services.