Key Points
- Life insurers paid Rs410bn ($1.47bn) in claims, including Rs37bn ($133m) in death claims
- Non-life insurers settled about Rs138bn ($495m) in claims during 2025
- Industry assets rose 9pc to Rs4.1trn ($14.7bn) and premiums increased 15pc to Rs778bn ($2.79bn)
ISLAMABAD: Pakistan’s insurers settled more than one million motor, accident and health, and fire and property claims in 2025, according to new industry data released by the Securities and Exchange Commission of Pakistan (SECP).
The SECP’s Insurance Industry Statistics Report 2025, published with claims data for the first time, shows gross life insurance claims of Rs410 billion ($1.47 billion) and non-life claim payments of about Rs138 billion ($495 million).
Life insurance claims increased from Rs380 billion ($1.36 billion) in 2024. Death claims rose to about Rs37 billion ($133 million) from Rs33 billion ($118 million), while life insurers settled more than 33,000 death claims during the year.
Non-life insurers settled more than 720,000 accident and health claims, over 282,000 motor claims and about 11,000 fire and property claims.
SECP Chairman Kabir Sidhu said claims settlement was a key measure of insurers’ performance.
“Publishing claim amounts and counts will strengthen accountability, build policyholders’ trust and support sustainable growth,” he said.
Sidhu said the SECP was conducting a comprehensive review of insurers’ claims-handling processes, including an analysis of claims data.
The regulator has also placed the draft Market Conduct Rules for Insurers, 2026, under public consultation.
Insurers report reflects growth
The report showed continued growth across Pakistan’s insurance industry. Total assets increased by more than 9 per cent to Rs4.1 trillion ($14.7 billion), while gross written premiums rose 15 per cent to Rs778 billion ($2.79 billion).
Life insurance premiums increased 14 per cent, while non-life premiums rose 16 per cent.
Among private life insurers, health insurance premiums increased 49 per cent to Rs30.4 billion ($109 million), while term life premiums rose about 37 per cent to more than Rs19.7 billion ($71 million).
In the non-life sector, motor insurance premiums increased about 35 per cent to more than Rs78.5 billion ($282 million). In comparison, accident and health premiums rose about 42 per cent to more than Rs35.7 billion ($128 million).
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Premiums generated through digital distribution channels increased 71 per cent to about Rs6.8 billion ($24 million).
Takaful accounted for 16 per cent of the life insurance market and 15 per cent of the non-life insurance market.
The SECP said the report would provide greater transparency on the insurance industry and help strengthen understanding of claims activity and market trends.
