In a significant stride towards digitalization in the insurance sector, the Securities and Exchange Commission of Pakistan (SECP) has officially registered M\/s Salaam Family Takaful Limited as the country’s pioneer digital family takaful operator.<\/p>\r\n\r\n\r\n\r\n
This milestone follows the implementation of a new registration regime, introduced via an amendment to the Insurance Rules, 2017, as notified in S.R.O 1513(I)\/2022.<\/p>\r\n
The primary objective behind this regulatory amendment is to promote digitalization and enhance customer convenience by facilitating instant service provision.<\/p>\r\n\r\n\r\n\r\n
The licensing of digital insurers marks a pivotal development in Pakistan’s insurance landscape, aimed at fostering competition and expanding access to innovative insurance products and services.<\/p>\r\n
By reducing entry barriers, digital insurers are poised to revolutionize the industry, offering cost-effective solutions while adhering to customer-centric international standards.<\/p>\r\n\r\n\r\n\r\n