Tag Archives: insurance

  The flood and the deluge has caused heavy losses in the form of human life, crop, livestock, property and infrastructure, which are preliminary estimated at US$200 million, however, exact number of losses would be quantifiable when the process of restoration will start specially in Punjab. However, the flood ravages this year are much less compared to the flood devastations, which had cost over US$10.1 billion in 2010. It is …

  Fully cognizant of opportunities and threats facing Pakistan, Securities and Exchange Commission of Pakistan (SECP) has developed a ‘Roadmap’ for insurance companies to enable them to play their due role. Many of the sector experts have a myopic view that the primary mandate of insurance companies is ‘risk mitigation’ only. They often tend to overlook the fact that insurance companies also play a key role in capital formation. Anyone …

  Interview: Dr. Syed Arif Hussain, chief executive officer Takaful Pakistan Ltd Dr. Syed Arif Hussain MBBS, MBA (Marketing) who is the Chief Executive Officer of Takaful Pakistan Ltd believes that the education and the insurance are the key players behind all the developed economies, which indicates how much it is important for building the national economy in Pakistan. Talking to PAGE Dr Syed Arif said that Takaful Pakistan has …

  Insurance business generally grows on risk perception in a society. Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of target killings and attacks on public and private properties have witnessed a phenomenal growth over the past five years. The reason is the …

  In today’s world, no country, irrespective of ideological differences, stands isolated today. Foreign Direct Investment (FDI) is a strong and vibrant instrument for an accelerated socio-economic development but conducive atmosphere in this regard is a must. There are two sources of FDI namely, Direct Investment and Portfolio. Direct Investment refers to investment in various industries. This represents fixed investment and is generally expected to be on long run basis …

  Agricultural production and farm incomes in Pakistan are frequently affected by natural disasters such as droughts, floods, cyclones, storms, landslides and the earthquakes. Destruction to agriculture is often combined by the outbreak of epidemics and man-made disasters such as fire, sale of unauthentic seeds, fertilizers and pesticides, etc. Farmers across the country had suffered losses of billions of rupees due to floods of 2010 and rains of 2011. Agricultural …

Insurance plays a key role in sustainable growth both on social and economic fronts, said Mian M. A. Shahid CEO, SPI Insurance, however, awareness of the masses at grassroots level about the benefits of insurance is equally important for growth of insurance in the country. Mian M. A. Shahid was addressing the 10th annual general meeting of SPI Insurance, which was attended by members of the board of directors and …

  Takaful is a Shariah-compliant alternative to conventional insurance. In the present age, the need and significance of insurance cannot be overlooked, but the present rules and practices utilized under insurance are against the teachings of Islam. Islamic scholars have presently deliberated over this matter for many years and devised the concept of Takaful. Takaful business is based on a huge pool of finances, where a great number of clients …