Insurance – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 24 Jun 2019 10:02:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Ignorance to Balochistan’s health and education sectors http://www.pakistaneconomist.com/2019/06/17/ignorance-to-balochistans-health-and-education-sectors/ http://www.pakistaneconomist.com/2019/06/17/ignorance-to-balochistans-health-and-education-sectors/#respond Sun, 16 Jun 2019 19:51:23 +0000 http://www.pakistaneconomist.com/?p=29513 There is a strong nexus of high illiteracy with high poverty in least developed Balochistan. A lethal combination of militancy and poverty continues to keep the province far behind the other provinces in performance improvement in the educational arena killing all efforts and frustrating any prospect to bring improvement in poor state of education. For …

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Islamic Finance: Progress and development http://www.pakistaneconomist.com/2019/05/27/islamic-finance-progress-and-development/ http://www.pakistaneconomist.com/2019/05/27/islamic-finance-progress-and-development/#respond Sun, 26 May 2019 19:53:59 +0000 http://www.pakistaneconomist.com/?p=29106 Image source: http://dy.163.com/v2/article/detail/ Islamic finance, because of one of the Islamic doctrines. Compared with ordinary banks, Islamic does not accept or pay interest. Until today, there are many devout toasts who are more likely to keep their money at home. Islamic finance does not pursue the maximization of interests and will focus on social interests. In …

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Spring up Islamic life insurance, banking in Balochistan http://www.pakistaneconomist.com/2019/05/20/spring-up-islamic-life-insurance-banking-in-balochistan/ http://www.pakistaneconomist.com/2019/05/20/spring-up-islamic-life-insurance-banking-in-balochistan/#respond Sun, 19 May 2019 19:51:29 +0000 http://www.pakistaneconomist.com/?p=28869 Insurance business generally grows on risk perception in a society. Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of target killings and attacks on public and private properties …

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Insurance industry in digital changes era http://www.pakistaneconomist.com/2019/04/15/insurance-industry-in-digital-changes-era/ http://www.pakistaneconomist.com/2019/04/15/insurance-industry-in-digital-changes-era/#respond Sun, 14 Apr 2019 20:04:45 +0000 http://www.pakistaneconomist.com/?p=27587 Interestingly, the use of technology in insurance sector is far less as compared to other industries. The insurance industry inclines to operate along deep rooted traditional lines that have been slow to adopt digital tools and new business models. Outdated organizational structures and legacy technology have also obstructed the velocity of rate of change. Other …

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Insurtech in Pakistan: trends, products and significance to penetrating a developing market http://www.pakistaneconomist.com/2019/04/15/insurtech-in-pakistan-trends-products-and-significance-to-penetrating-a-developing-market/ http://www.pakistaneconomist.com/2019/04/15/insurtech-in-pakistan-trends-products-and-significance-to-penetrating-a-developing-market/#respond Sun, 14 Apr 2019 20:03:13 +0000 http://www.pakistaneconomist.com/?p=27645 What is Insurtech? Insurtech is an umbrella term that refers to the application of contemporary technology to create efficiencies and added value from traditional insurance models. While traditional insurance models can also be made improved through the employment of new digital systems, this would not be considered ‘insurtech’ unless some tech-based innovation that disrupted the …

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Emerging reinsurance opportunities in the real estate sector http://www.pakistaneconomist.com/2019/04/15/emerging-reinsurance-opportunities-in-the-real-estate-sector/ http://www.pakistaneconomist.com/2019/04/15/emerging-reinsurance-opportunities-in-the-real-estate-sector/#respond Sun, 14 Apr 2019 19:59:03 +0000 http://www.pakistaneconomist.com/?p=27622 When insurance progressed considerably, insurance companies found themselves committed to huge sums having been insured. They realized that in case of a catastrophic loss, they would go bankrupt. Therefore, the need of reinsurance was felt very keenly, and it came into existence and specialist reinsurance companies were established. Every insurance company now has to arrange …

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Ocean risk and insurance: an emerging new development paradigm of the blue economy http://www.pakistaneconomist.com/2019/04/15/ocean-risk-and-insurance-an-emerging-new-development-paradigm-of-the-blue-economy/ http://www.pakistaneconomist.com/2019/04/15/ocean-risk-and-insurance-an-emerging-new-development-paradigm-of-the-blue-economy/#respond Sun, 14 Apr 2019 19:58:34 +0000 http://www.pakistaneconomist.com/?p=27692 Nationwide campaign of Bahria University to promote Blue Economy Economists hold that trade deficit in the long run can drag-down economic growth of any country. As globalization provides countless opportunities for international trade meanwhile numerous commercial and political risk are there too in carrying out cross-border trade. Pakistan is facing the persistent trade deficit since …

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Health insurance reaching underserved demographics in the digital age http://www.pakistaneconomist.com/2019/04/15/health-insurance-reaching-underserved-demographics-in-the-digital-age/ http://www.pakistaneconomist.com/2019/04/15/health-insurance-reaching-underserved-demographics-in-the-digital-age/#respond Sun, 14 Apr 2019 19:56:41 +0000 http://www.pakistaneconomist.com/?p=27643 In December of last year (2018), World Health Organisation (WHO) Regional Director Dr Ahmed Salim Saif Al-Mandhari paid a four-day visit to Pakistan. During his visit Dr Al-Mandhari expressed his support and recognition of the health service reforms taking place in the country under the present government. One of the main focuses is the roll-out …

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Bancassurance: the one stop financial solution http://www.pakistaneconomist.com/2019/04/15/bancassurance-the-one-stop-financial-solution/ http://www.pakistaneconomist.com/2019/04/15/bancassurance-the-one-stop-financial-solution/#respond Sun, 14 Apr 2019 19:53:01 +0000 http://www.pakistaneconomist.com/?p=27624 As compared to Europe, Pakistan is a market with low insurance penetration and a limited variety of distribution channels. Bancassurance is on the rise, particularly in emerging markets as its outlook remains positive worldwide. In many markets, bancassurance is the primary mode of distribution of insurance products. It is also fast catching up in markets …

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Insurance sector has good prospect in Pakistan but mass awareness still lacking http://www.pakistaneconomist.com/2019/04/15/insurance-sector-has-good-prospect-in-pakistan-but-mass-awareness-still-lacking/ http://www.pakistaneconomist.com/2019/04/15/insurance-sector-has-good-prospect-in-pakistan-but-mass-awareness-still-lacking/#respond Sun, 14 Apr 2019 19:50:33 +0000 http://www.pakistaneconomist.com/?p=27599 Interview with Mr Hasanali Abdullah — Managing Director & Chief Executive, EFU General Insurance PAGE: Tell me something about yourself and your organization, please: Hasanali Abdullah: I am a Chartered Accountant and have been associated with EFU General Insurance since 1979 and currently I am the Managing Director & Chief Executive of the company. I am …

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