Insurance industry news
The latest headlines from leading insurance and business publications in Pakistan and worldwide, updated every hour.
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Microsoft outage could generate $700 million in insured losses: Kovrr
Insured losses from the Microsoft 365 and Exchange Online outage could total around $700 million, Shalom Bublil, co-founder and chief product officer at Kovrr, said on Friday. Bublil gave a preliminary range of $300 million to $1.4 billion…
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Sindh Car Insurance Coverage Soars 4,000%
The number of third party motor insurance policies in Sindh has increased by approximately 3,940 percent in eight months, reaching … Read More The post Sindh Car Insurance Coverage Soars 4,000% appeared first on ProPakistani .
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Sindh registers 40x rise in third-party motor insurance policies
The number of third-party motor insurance policies issued in Sindh has increased from 11,200 in March 2026 to 452,515 by November, representing growth of approximately 3,940% in eight months, the Securities and Exchange Commission of…
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Delayed PLI policyholders funds: IHC seeks replies from two ministries
ISLAMABAD: The Islamabad High Court (IHC) directed the Ministries of Finance and Communications to submit their replies to a petition seeking the protection and restoration of Rs 48 billion in Postal Life Insurance policyholders’ funds. A…
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SECP Wants All Businesses to Get Fire and Property Insurance
The Securities and Exchange Commission of Pakistan (SECP) has encouraged businesses to obtain fire and property insurance to protect their … Read More The post SECP Wants All Businesses to Get Fire and Property Insurance appeared first on…
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DawnMedia insurance summit next month
KARACHI: DawnMedia will hold a conference on the current state and the future of the country’s insurance sector in Karachi on Dec 2. The Insurance Summit 2026 will bring together policymakers, regulators, insurance providers, business…
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LPG association postpones strike
KARACHI: Pakistan LPG Marketers Association has announced the postponement of its planned November 16 strike following an assurance by the Governor of Sindh, Syed Muhammad Nehal Hashmi, to convey the association’s concerns to the relevant…
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“Buy Now, Get More” — TECNO Kicks Off 11.11 with CAMON 50 Series, Free Smartwatch & Screen Insurance
TECNO has announced its 11.11 Mega Sale, “Buy Now, Get More” for customers in Pakistan. Running from 7 to 21 … Read More The post “Buy Now, Get More” — TECNO Kicks Off 11.11 with CAMON 50 Series, Free Smartwatch & Screen Insurance appeared…
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Gulf Country to Introduce Stricter Policy for Foreign Workers
Oman has introduced stricter rules for agencies recruiting foreign workers, requiring insurance coverage, refunds in specified cases and completion of … Read More The post Gulf Country to Introduce Stricter Policy for Foreign Workers…
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SoftBank credit risk jumps to 4-year high as AI fears roil market
SINGAPORE/TOKYO: The cost of insuring against a default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the world’s financial markets. The 5-year credit default swap…
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Freedom of navigation under threat: US withdrawal from global role a significant shift in int’l order: Dastgir
ISLAMABAD: Former Federal Minister Khurram Dastgir Khan said the United States’ withdrawal from its traditional global role is one of the most significant shifts in the international order, warning that the longstanding assurance of…
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GB Launches Free OPD Health Insurance
The Gilgit-Baltistan (GB) government, with support from the German government, has launched a free outpatient department (OPD) health insurance scheme … Read More The post GB Launches Free OPD Health Insurance appeared first on…
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BCSR Awards: Adamjee Insurance secures first position for sixth year in a row
LAHORE: Adamjee Insurance Company Limited, Pakistan’s leading insurer, has secured first position in the insurance category at the 2025 Best Corporate & Sustainability Report (BCSR) Awards for the sixth consecutive year. The awards are…
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PM’s Health Insurance Scheme for Journalists to Launch Soon
Federal Secretary Information and Broadcasting Ashfaq Ahmed Khalil has announced that the Prime Minister’s Health Insurance Scheme for journalists and … Read More The post PM’s Health Insurance Scheme for Journalists to Launch Soon…
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Caixabank's Q3 net profit rises 22% from same period in 2025
MADRID: Spain’s Caixabank said on Friday that its net profit rose 21.7% in the third quarter from the same period in 2025 thanks to higher revenues and a solid performance from its insurance business. The country’s biggest lender by…
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SLIC Bill among 8 bills cleared by Senate
ISLAMABAD: The Upper House of the Parliament passed eight bills on Thursday including the Life Insurance (Nationalisation) (Amendment) Bill, 2026, a government bill that paves the way for the future privatisation of the State Life…
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Govt plans expanding export schemes for SMEs: Kayani
ISLAMABAD: The government is considering expanding export credit insurance, risk-sharing mechanisms and access to export financing for small and medium-sized enterprises (SMEs) to help them overcome high business costs, regulatory hurdles…
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QSPL and JazzSure Insurance Partner to Deploy Industry-First Protocol for Embedded Insurance Across All Transaction Channels
Quwat Services Private Limited (QSPL) has executed a landmark strategic partnership with JazzSure Insurance, introducing the nation’s first fully embedded … Read More The post QSPL and JazzSure Insurance Partner to Deploy Industry-First…
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Punjab to form life insurance co for govt employees: PA told
LAHORE: The Punjab Assembly on Tuesday approved a resolution condemning Indian occupation of Kashmir and was informed that the provincial government plans to establish a life insurance company for government employees, while the treasury…
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NBP chief to get Rs9.5mn monthly salary, Rs30mn life insurance, two cars
The shareholders of National Bank of Pakistan (NBP) have approved a compensation package for President and Chief Executive Officer (CEO) Imran Sarwar, effective from the date he assumed office on September 9, 2026. The listed bank informed…
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Airports, banks & insurance cos in the basket: PC working on sell-off of 17 SoEs, including 9 DISCOs
ISLAMABAD: The Privatisation Commission is working on the privatisation of 17 state-owned enterprises, including nine power distribution companies, as well as the outsourcing three major airports and transactions involving banks and…
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Bill to turn SLIC into a co cleared by NA
ISLAMABAD: The National Assembly on Thursday passed a bill to turn state-owned State Life Insurance Corporation (SLIC) into a company, paving the way for greater operational flexibility and possible privatisation in the future. The bill…
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LCCI assures PRA of support in expanding the tax net
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has assured the Punjab Revenue Authority (PRA) of its full cooperation in promoting business registration and expanding the tax net. The assurance was given during a meeting…
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SLIC field workers are not its ‘regular employees’: FCC
ISLAMABAD: The Federal Constitutional Court (FCC) held that field workers were not regular employees of the State Life Insurance Corporation of Pakistan under Regulation 2(c) of the State Life Employees (Service) Regulations, 1973. In an…
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India's ICICI Life posts key quarterly margin below estimates, shares slide
BENGALURU: India’s ICICI Life Insurance reported new business margins below expectations on Tuesday, sending shares sliding 3%, while second-quarter profit jumped 25% year-on-year. Its value of new business (VNB), which measures the…
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Finance minister approves reconstitution of NICL Board of Directors
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved on Saturday reconstitution of the Board of Directors of National Insurance Company Limited (NICL), the Finance Division said. The development came as the committee met at…
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TPL insurance becomes JazzSure
KARACHI: JazzWorld has announced that TPL Insurance Limited has been renamed JazzSure Insurance Limited. JazzSure will serve as the underwriting engine powering insurance offerings across JazzWorld, including via JazzCash and FikrFree…
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Exporters require wider access to credit insurance
Jam Kamal asks EXIM Bank to explore cooperation with international export credit agencies
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Jubilee Life Insurance Recognized as a “Game Changer Icon of Pakistan” in the Life Insurance Category by EFP
Jubilee Life Insurance Company Limited has been recognized as a “Game Changer Icon of Pakistan” Award in the Life Insurance … Read More The post Jubilee Life Insurance Recognized as a “Game Changer Icon of Pakistan” in the Life Insurance…
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PIA Signs Deal for 2 Boeing 787-9 Dreamliners
Pakistan International Airlines (PIA) has signed an aircraft, crew, maintenance and insurance (ACMI) agreement with Norwegian aviation group Norse Atlantic … Read More The post PIA Signs Deal for 2 Boeing 787-9 Dreamliners appeared first…
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TPL Insurance Becomes JazzSure as JazzWorld Strengthens its Insurance Platform
JazzWorld has announced that TPL Insurance Limited has been renamed JazzSure Insurance Limited, strengthening the insurance business within its digital … Read More The post TPL Insurance Becomes JazzSure as JazzWorld Strengthens its…
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Govt calls for wider export credit protection, financing access for small exporters
Federal Minister for Commerce Jam Kamal Khan has called for wider access to export credit insurance and financing to help Pakistani exporters enter new markets, manage payment risks and expand their businesses, with particular attention to…
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TPL Insurance changes name to JazzSure
TPL Insurance Limited has been renamed JazzSure Insurance Limited effective October 7, after Jazz International Holding Limited, a VEON subsidiary, acquired a 76.33% controlling stake on July 13, the company said. The listed company…
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TPL Insurance Rebrands to JazzSure
TPL Insurance Limited has officially changed its name to JazzSure Insurance Limited following the acquisition of a controlling stake by … Read More The post TPL Insurance Rebrands to JazzSure appeared first on ProPakistani .
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SECP talk series: Pakistan a big market for inclusive insurance: MIC official
ISLAMABAD: Pakistan offers a large market for inclusive insurance, which can strengthen social protection and support progress towards the Sustainable Development Goals, said Michael J. McCord, Managing Director of the Micro Insurance…
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Govt urged to expand inclusive insurance
Such coverage will strengthen social protection, support SDGs
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