Country: Pakistan Page 1 / 2
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- May 13 2025
India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
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- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
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- January 24 2024
Election-packed 2024 revs up appetite for political risk cover
While the appetite for global programs has significantly reduced, single-country appetite remains relatively deep and is expected to see a boost in the product’s popularity over the coming months.
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- August 18 2023
AM Best downgrades Pakistan’s EFU following sovering rating downgrade
AM Best has given the general insurer a B- (fair) rating down from B (fair) while its outlook has been revised to negative from stable.
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- June 20 2023
Indian insurers count cost of ‘widespread’ Cyclone Biparjoy damage
IAN understands there is damage to property and goods at industrial zones, processing plants and ports, as IRDAI urges carriers to 'fast-track' smaller claims.
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- June 14 2023
‘Very severe’ Cyclone Biparjoy to hit India, Pakistan
The powerful storm is intensifying and has triggered large-scale evacuations and shuttered oil and container ports.
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- May 31 2023
AIG exits Pakistan, sells business to TPL Insurance
The scheme of arrangement has a December 31 deadline for transaction completion.
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- March 13 2023
La Niña has ended with chances of El Niño, says US agency
The average global temperature tends to be higher during El Niño, with scientists forecasting the summer of 2023 to be among the hottest globally.
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- February 14 2023
Asia flood losses to worsen amid data deficit
(Re)insurers are feeling the heat from record rainfall events and fast-evolving climate risk scenarios.
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- December 29 2022
Pakistan floods cost US$5.3bn in losses to SME businesses: report
The August floods, which affected 33m people, destroyed 25% of the country's small and medium businesses.
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- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
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- June 21 2021
Pakistan regulator drafts framework for digital and microinsurers
The draft rules aim to help reduce minimum paid-up capital requirements.
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- September 9 2020
Insurtech BIMA lands US$30m for Asia push
Investors include Allianz and China's CEFIF.
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- June 1 2020
AIG on hook for Pakistan plane crash: report
A Pakistan International Airlines plane crashed on May 22 killing 97 people.
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- March 2 2018
Is the end nigh for retakaful?
The small and fragmented market is struggling to compete with competition from conventional players.
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- June 3 2016
Philippine insurance regulator named first Mefin head
Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.
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- August 28 2015
Pakistan raises insurance capital requirements
Regulators have increased the minimum paid-up capital requirement for insurers by US$1.9million.
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- May 18 2015
Assets of Pakistan’s private-sector life companies up 35.8%
Jubilee Life Insurance also ranked as the top Life Insurer.
