Pakistan’s insurers settle over 1mn claims in 2025: SECP

Pakistani insurers paid out more than one million claims in 2025, covering motor policies, accident and health cover, and fire or property losses, according to figures the SECP released for the first time. The numbers come from the regulator's Insurance Industry Statistics Report 2025, as Business Recorder reported. Gross life insurance claims totalled Rs410 billion, while non-life claim payments stood at approximately Rs138 billion.

Life claims grew over the Rs380 billion recorded in 2024, with death claims at around Rs37 billion compared with Rs33 billion previously. Payments on the non-life side rose from Rs92 billion, reaching approximately Rs138 billion. Claim counts showed life insurers paid over 33,000 death claims, while non-life insurers settled more than 720,000 accident and health claims, over 282,000 motor claims and around 11,000 fire and property claims.

SECP Chairman Dr Kabir Sidhu called claims settlement a key yardstick of insurer performance, saying publication of the amounts and counts would reinforce accountability and policyholder confidence. The regulator is also reviewing how insurers handle claims, and has put draft Market Conduct Rules for Insurers, 2026, out for public consultation. The report showed total assets up more than 9% to Rs4.1 trillion, while gross written premium climbed 15% to Rs778 billion.