Allianz
Group is one of the largest composite insurers in the world. It signed
a venture agreement with EFU, the second largest private local
insurance company, last year to market health insurance in Pakistan.
During first nine months of its informal operations Allianz-EFU has
expanded its customer base to over 140 corporate clients and around
30,000 insured lives. It sells both Group and Individual health
insurance, being the first and the only company offering such services
to individuals. PAGE talked to the Managing Director and Chief
Executive, Ahmir ud Deen, who envisions to make health insurance an
affordable proposition in a market where public health spending is
minimal and cost of hospitalisation is on a continuous increase.
POWER
The
rationing of power by KESC or WAPDA in the form of load shedding has
forced the majority of the large manufacturing units to have their own
power plants. Large manufacturing units especially in the textile
sector have decided to go for self power generation with a view to
overcome problems like loss of working hours, failures in meeting the
export commitments etc mainly due to load shedding or power breakdown.
KSE
REVIEW
The
market has remained range-bound but why a pessimistic attitude? The
market which has absorbed large scale selling by foreign fund
managers, has the upside potential. For the coming week, focus will be
on the result announcements by some volume leaders and an interim
dividend by HUBCO.
T+3
SETTLEMENT
Though
the simulated run was a fiasco, implementation of system and a move
towards Internet based trading is much desired. Central Depository
System is already in full operation and there is a need to overcome
the fear — not by resisting the change but by implementing it beyond
two companies.
