List of Insurance Companies in Pakistan | Insurance in Pakistan
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List of Insurance Companies in Pakistan | Insurance in Pakistan
Insurance in Pakistan
In recent years, insurance in Pakistan has become a fast-growing industry. usually divided into three components: life insurance, general health insurance and health insurance. Insurance policy is regulated in Pakistan in 2000.In April, 1948, the government of Pakistan set up the Department of Insurance as the Department of Trade. which is aimed at handling insurance affairs. The insurers and shipping, storage, communications and finance make up 24% of Pakistan’s 54% service sector contributing to the national GDP.
Insurance in Pakistan
China and Pakistan have entered into agreements between the two countries to create Pakistan’s Economic Corridor (CPEC). Pakistan’s economy, trade and connectivity with regional nations is expected to increase in the corridor.
In the background of the CPEC, Pakistan also signed with China a number of energy projects that will be possible in the near future to solve the energy crisis.
In the 2015 fiscal year, the economy expanded by 4.24%, the highest result since 2008-2009. Inflation remained significantly low during the year and hit the lowest since 2003.
There was 5% growth in the services sector against the 5.2% target, but it remained higher compared to a 4.4% increase last year.
Insurance can be divided into four categories:
- Non Life
- Life
- Reinsurer
- Takaful
List of notable insurance companies in Pakistan
- State Life Insurance Corporation of Pakistan
- Jubilee Life
- EFU Life
- UBL Insurers Limited
- IGI Insurance
- Adamjee Insurance
- Adamjee Insurance Co. Ltd.
- Alfalah Insurance Company Ltd.
- Allianz EFU Health Insurance Limited
- Alpha Insurance Co. Ltd.
- Asia Insurance Company Limited
- Pak Qatar Takaful Ltd.
- Takaful Pakistan Ltd.
- Askari Gen. Ins. Co. Ltd.
- Atlas Insurance Limited,
- Century Insurance Co.Ltd.
- Chubb Insurance Pakistan Ltd.
- Cooperative Ins. Society of Pak. Ltd.
- Crescent Star Insurance Ltd.
- East West Insurance Co. Ltd.
- EFU General Ins. Ltd.
- Excel Insurance Co. Ltd.
- Habib Insurance. Co. Ltd.
- IGI General Insurance Limited
- Jubilee General Insurance Company Limited
- New Hampshire Insurance Company.
- Premier Insurance Limited
- Reliance Insurance Co. Ltd.
- Security Gen. Ins. Co. Ltd.
- Shaheen Ins. Co. Ltd.
- Sindh Insurance Limited
- SPI Insurance Company Ltd
- The Pakistan Gen. Ins. Co. Ltd.
- TPL Insurance Limited
- UBL Insurers Limited
- United Ins. Co. of Pak. Ltd.
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