Pakistan’s insurance coverage remains low despite industry growth
Pakistan’s insurance industry is growing, but insurance penetration remains extremely low, CEO State Life Shoaib Javed Hussain said.
September 15, 2026 (MLN): Pakistan’s insurance industry is growing, but insurance penetration remains extremely low, CEO State Life Shoaib Javed Hussain said. He said 42 insurance companies are operating in Pakistan, with total sector assets reaching Rs4 trillion and annual insurance premiums standing at Rs708 billion. Insurance companies have collectively paid around Rs450bn in claims. Despite the sector’s growing...