Sindh registers 40x rise in third-party motor insurance policies

Business Recorder reported that third-party motor insurance policies in Sindh climbed from 11,200 in March 2026 to 452,515 by November. The Securities and Exchange Commission of Pakistan (SECP) described the increase as approximately 3,940% over eight months.

The rise followed amendments to Sindh’s motor vehicle laws in March that made third-party cover compulsory for locally registered vehicles. To help verify coverage, the SECP created a digital repository connected to vehicle registration and tax systems.

This insurance covers liability for injury, death or property damage suffered by others in an accident, subject to policy terms and the law, but excludes damage to the insured vehicle. With nearly 2.6 million vehicles registered in Sindh, SECP Chairman Dr Kabir Ahmed Sidhu said discussions are under way with the federal and other provincial governments on extending similar requirements nationwide.