SECP, RCCI push fire, property insurance uptake among traders

The Securities and Exchange Commission of Pakistan (SECP), working with the Rawalpindi Chamber of Commerce and Industry (RCCI), convened local traders and industrialists to discuss protection against fire losses. At the chamber’s premises, business participants examined how damage to buildings, machinery, stock and equipment can also interrupt operations, reduce income and affect livelihoods.

Insurance representatives outlined available fire and property policies, coverage choices and the claims process, while also discussing Takaful as a Shariah-compliant option. The Mettis Global report said participants were urged to improve fire-safety practices and secure suitable cover, including protection for business interruption. The gathering is part of the SECP’s drive to improve insurance awareness and adoption, particularly among small and medium-sized enterprises, and support business continuity.