Insurance in Pakistan

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Insurance in Pakistan is regulated under the Insurance Ordinance, 2000.[1] In the past few years, it has transformed into a developing and fastly 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[edit]

List of notable insurance companies in Pakistan:

Adamjee Insurance Company Ltd Universal Insurance Company Ltd

References[edit]