Pakistan Insurers Settle Over 1 Million Claims Worth Rs542bn In 2025: SECP.
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✧ GENERATE BRIEFING
The Securities and Exchange Commission of Pakistan (SECP) has released its comprehensive Insurance Industry Statistics Report, disclosing detailed claims data for the first time. According to the report, Pakistan’s insurance sector successfully settled more than one million claims totaling approximately Rs542 billion to Rs548 billion in 2025. Life insurance providers disbursed Rs410 billion, which included over 33,000 death-related claims amounting to roughly Rs37 billion. Meanwhile, non-life insurers settled approximately Rs132 to Rs138 billion, encompassing over 720,000 health and accident claims, more than 282,000 motor claims, and around 11,000 fire and property claims. SECP Chairman Dr. Kabir Ahmed Sidhu emphasized that transparent disclosures will enhance corporate accountability and policyholder trust. Broad market indicators also showed robust growth, with total industry assets expanding over 9% to Rs4.1 trillion and gross written premiums increasing 15% to Rs778 billion, bolstered by a 71% surge in digital distribution channels.
Insurance companies in Pakistan settled more than 1 million claims worth around Rs542 billion in 2025, according to the Securities and Exchange Commission of Pakistan (SECP), which released detailed claims data for the industry for the first time.
Life insurers paid around Rs410 billion in claims during the year, up from Rs380 billion in 2024. The payments included more than 33,000 death claims, with death-related payouts rising to about Rs37 billion from Rs33 billion a year earlier.
Non-life insurers settled claims across several major categories. More than 720,000 health and accident claims, over 282,000 motor claims and around 11,000 fire and property claims were paid during 2025. Non-life claim payments were reported at approximately Rs132–138 billion, with the difference reflecting reporting classifications in the published figures.
SECP Chairman Dr Kabir Ahmed Sidhu said claims settlement was an important measure of insurers’ performance. He said publishing claim amounts and counts would strengthen accountability, improve policyholders’ trust and support sustainable growth in the insurance sector.
The regulator is also reviewing insurers’ claims-handling processes, including an analysis of claims data. In addition, SECP has placed the draft Market Conduct Rules for Insurers, 2026, before stakeholders for public consultation.
The broader insurance industry recorded growth during 2025. Total industry assets increased by more than 9% to Rs4.1 trillion, while gross written premium rose 15% to Rs778 billion. Life insurance premiums increased 14%, while non-life premiums grew 16%.
Digital distribution also expanded rapidly, with premiums generated through digital channels rising 71% to around Rs6.8 billion. Takaful accounted for 16% of the life insurance market and 15% of the non-life market.
The new claims data provides greater visibility into the scale of insurance protection reaching Pakistani households and businesses. It also gives regulators and policyholders a more detailed basis for assessing claims performance and the industry’s development.
