President Arif Alvi has mentioned that SECP ought to concentrate on the low insurance coverage charge within the nation.
Addressing the International Insurance coverage Affect Convention 2023 on-line, President Arif Alvi mentioned that spotlight needs to be paid to the supply of economic safety schemes towards the dangers of pure disasters.
He mentioned that authorities help in pure calamities is thru taxes, insurance coverage will give higher outcomes, SECP’s 5-year strategic plan is the correct growth.
President Arif Alvi additional mentioned that it’s essential that the social safety of Pakistanis needs to be managed by way of insurance coverage, there needs to be transparency in calculating the price of insurance coverage corporations.
He additionally mentioned that whereas costly insurance coverage protection and misleading advertising practices are main issues, insurance coverage companies ought to concentrate on bettering their public picture.
