Insurance in Pakistan

Insurance in Pakistan is regulated under the Insurance Ordinance, 2000.^[1] In the past few years, it has transformed into a developing and fast growing market that is generally divided into three components: life insurance,^[2] general insurance and health insurance. The Government of Pakistan established the Department of Insurance in April 1948 as a department of the Ministry of Commerce; the aim of this department is to take care of affairs related to the insurance industry. Out of the 54% that Pakistan's service sector contributes to the national GDP, insurance, along with transport, storage, communications and finance occupy 24% of the sector.

Companies

List of Pakistan:

• Adamjee Insurance Company Ltd
• Universal Insurance Company Ltd
• EFU Life
• Jubilee Life Insurance Company Limited^[3]
• State Life
• Universal Insurance company Limited

References

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