Pakistan Insurtech Summit

The first Pakistan Fintech Network, Insurtech Conference, themed “Insurtech Accelerate : Unleashing the Power of Technological Innovation in Pakistan’s Insurance Industry,” was held in October 2023 and highlighted the potential for growth and critical role of Pakistan’s insurance sector, overseen by the Securities and Exchange Commission of Pakistan (SECP). Despite a modest insurance penetration rate of 0.85% of GDP in 2020, the industry saw total gross written premiums of PKR 288 billion (USD 1.8 billion), with life insurance dominating the market