Pakistan’s insurers settle over 1mn claims in 2025: SECP
Pakistan’s insurers settled more than one million motor, accident and health, and fire and property claims in 2025, according to figures published for the first time by the Securities and Exchange Commission of Pakistan (SECP). Its Insurance Industry Statistics Report 2025 also shows gross life insurance claims of Rs410 billion and non-life claim payments of approximately Rs138 billion, bringing…
In 2025, Pakistan's insurers settled over one million claims, marking a significant increase in the scale of claims across both the life and non-life insurance sectors, according to figures published by the Securities and Exchange Commission of Pakistan (SECP). The report revealed that gross life insurance claims amounted to Rs410 billion, while non-life claim payments reached approximately Rs138 billion.
Life insurance claims rose from Rs380 billion in 2024, with death claims increasing to Rs37 billion, and non-life claim payments grew from Rs92 billion to approximately Rs138 billion. SECP Chairman Dr Kabir Sidhu emphasized that claims settlement is a crucial measure of insurers' performance, stating that publishing claim amounts and counts will enhance accountability, build policyholders' trust, and support sustainable growth.
The industry also experienced overall growth, with total assets increasing by more than 9% to Rs4.1 trillion and gross written premium rising by 15% to Rs778 billion.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
