Insurance – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Thu, 05 Dec 2019 13:10:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.3 EFU General Insurance posts profit in nine months http://www.pakistaneconomist.com/2019/11/25/efu-general-insurance-posts-profit-in-nine-months/ http://www.pakistaneconomist.com/2019/11/25/efu-general-insurance-posts-profit-in-nine-months/#respond Sun, 24 Nov 2019 19:47:06 +0000 http://www.pakistaneconomist.com/?p=34698 International statistics identified that the global insurance premiums written stood US$5.2 trillion in 2018. Life premium growth was weak but there was solid performance in non-life. The experts estimated that around 3 percent growth in global premiums in 2019 and next, with a recovery in life based on a strong rebound in China and ongoing …

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Poverty ease remains the daunting task http://www.pakistaneconomist.com/2019/11/04/poverty-ease-remains-the-daunting-task/ http://www.pakistaneconomist.com/2019/11/04/poverty-ease-remains-the-daunting-task/#respond Sun, 03 Nov 2019 19:53:14 +0000 http://www.pakistaneconomist.com/?p=34282 Surging poverty levels and rising inflationary pressure have hardest hit the poor and ordinary Pakistani in the past one year. Though the present government of Prime Minister Imran Khan shows its commitment to alleviate poverty and rehabilitate the weak and poor sections of the society, yet there are no significant measures taken by the government …

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Healthy future ahead for fast food sector; seek out more govt backing http://www.pakistaneconomist.com/2019/11/04/healthy-future-ahead-for-fast-food-sector-seek-out-more-govt-backing/ http://www.pakistaneconomist.com/2019/11/04/healthy-future-ahead-for-fast-food-sector-seek-out-more-govt-backing/#respond Sun, 03 Nov 2019 19:49:20 +0000 http://www.pakistaneconomist.com/?p=34274 Interview with Mr Naim Anwar – President & CEO Crescent Star Foods Ltd PAGE: Tell me something about yourself and your organization, please: Naim Anwar: I am associated with Crescent Star Insurance Ltd as Managing Director & CEO. CSIL is one of the oldest insurance companies of Pakistan (1957), with a paid up capital of PKR.1.07 billion, …

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Balochistan’s insurance sector: a promising economic asset http://www.pakistaneconomist.com/2019/10/14/balochistans-insurance-sector-a-promising-economic-asset/ http://www.pakistaneconomist.com/2019/10/14/balochistans-insurance-sector-a-promising-economic-asset/#respond Sun, 13 Oct 2019 19:51:01 +0000 http://www.pakistaneconomist.com/?p=33460 Though Balochistan has vast potential in insurance sector, yet the sector could not play its due role in the local economy. Balochistan is the country’s poorest province. Agriculture, the mainstay of local economy, employs 67 percent of province’s total work force. The local work force and their dependents live in miserable socio-economic conditions. The insurance …

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National Savings – provider of social security to the vulnerable section of society http://www.pakistaneconomist.com/2019/07/29/national-savings-provider-of-social-security-to-the-vulnerable-section-of-society/ http://www.pakistaneconomist.com/2019/07/29/national-savings-provider-of-social-security-to-the-vulnerable-section-of-society/#respond Sun, 28 Jul 2019 19:52:18 +0000 http://www.pakistaneconomist.com/?p=31054 Over a period of time, particularly in the last decade, National Savings has transformed itself from a retail debt raising arm and the source of infrastructure funding of the government into a formidable vehicle for financial inclusion, particularly women, and a provider of social security to the vulnerable sections of the society. Pakistan has one …

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Need of banking, insurance growth in Balochistan http://www.pakistaneconomist.com/2019/07/15/need-of-banking-insurance-growth-in-balochistan/ http://www.pakistaneconomist.com/2019/07/15/need-of-banking-insurance-growth-in-balochistan/#respond Sun, 14 Jul 2019 19:51:24 +0000 http://www.pakistaneconomist.com/?p=30584 Though Balochistan has vast potential in insurance sector, yet the sector could not play its due role in the local economy. Balochistan agriculture, the mainstay of local economy, employs 67 percent of total work force but these work force and their dependents live in miserable socio-economic conditions and to lessen their sufferings and for monetary …

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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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