UIG announces United Digital Life Insurance initiative
LAHORE: United International Group (UIG) announced that the Board of Directors of The United Insurance Company of Pakistan Limited (UIC) has approved, at its board meeting, the formation of United Digital Life Insurance Company. The initiative marks an important milestone for UIG and reflects the Group’s strategic vision to expand its presence in the insurance and financial services sector…
United International Group (UIG) has announced the formation of United Digital Life Insurance Company, a new venture aimed at revolutionizing the insurance industry through digital innovation and customer-focused solutions. The decision to establish this company was made at the Board of Directors meeting of The United Insurance Company of Pakistan Limited (UIC).
This initiative represents a significant milestone for UIG, demonstrating the Group's strategic commitment to expanding its presence in the insurance and financial services sector. By leveraging digital technology, United Digital Life Insurance Company will provide life insurance services to customers in a branchless, tech-driven manner, bridging the gap between insurers and policyholders.
The company will offer a range of coverage options and products tailored to individual customer needs. While the initiative is subject to completion of all regulatory and legal requirements, UIG remains confident that this move will open new avenues for growth and innovation, further solidifying its contribution to the insurance and financial services industry.
Mian M. A. Shahid, Chairman of United International Group (UIG) and CEO of UIC, expressed optimism about the future of this digital insurance venture, stating, "We are confident that this initiative will open new avenues for growth and innovation and further strengthen our contribution to the insurance and financial services sector."
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