Global Shield’s In-country Process: The National Multi-Stakeholder Consultation
Global Shield was launched in Nov 2022 with an objective to increase the resilience of vulnerable populations in the Global South against climate risks and consequently help to avert, minimize and address losses and damages of climate change. Last week marked a significant milestone as Pakistan became the first Asian…
Insurance Webinar: “Innovation in Insurance for Pakistan”
Einstein once said: “If I had an hour to solve a problem and my life depended on the answer, I would spend the first 55 minutes figuring out the proper questions to ask. For if I knew the proper questions, I could solve the problem in less than 5 minutes.” This…
International Insureimpact Conference 2023
Last week’s International Insureimpact Conference 2023 organized by the SECP was unique in its focus on real issues and fostering open debate through a futuristic lens – a professionally executed event providing enlightening experience. I had the honor of hosting a panel on “Microinsurance: Big Protection in Small Ticket.” Here…
Proudly organizing NextGen Banca© Webinar in collaboration with Shoreline Asia and CxO Global Forum. This is first such effort in Pakistan with an aim to modernize local bancassurance market with international best practices. We are grateful to our friends and colleagues in Pakistani insurance industry for participating in NextGen Banca©…
8th Future of Insurance Distribution Summit 2024
📢 Excited to announce my participation at the 8th Future of Insurance Distribution Summit 2024 taking place in Singapore from Sep 3rd to 6th. I’ll be sharing insights and lessons learned on key contemporary topics at the core of the modern insurance industry such as distribution innovation, demystifying the relationship…
Mastering digital and inclusive insurance
Famous author James Clear states in his seminal book, Atomic Habits, that “Business is a never-ending quest to deliver the same result in an easier fashion.” This insight is particularly relevant to the field of hashtag#digitalinsruance which seeks to simplify insurance delivery, adaptation and usage in the evolving post-COVID world.…
Pak-Qatar Family Takaful, Instaful Solutions join hands to promote inclusive BancaTakaful
The Pak-Qatar Family Takaful and the Instaful Solutions on Thursday have entered into a strategic partnership to introduce inclusive BancaTakaful, a first-of-its-kind initiative in the country.“BancaTakaful, an innovative distribution model, involves offering Takaful products to bank customers, primarily to depositors,” a news release said on Thursday.
Partnership for inclusivity and growth: Instaful and Tidal Waves join hands
Banca-takaful or bancassurance in conventional insurance is a method of providing Takaful or insurance products to bank customers. Over years, the concept has evolved to mostly cater to a select few affluent clients representing 5 to 10 percent of total bank clientele leaving majority of the customers – often terms as the mass-market (70 to 80 percent) – un-served or underserved. This is common not only in Pakistan but also in various emerging markets across Asia and Africa.
Iylus and Instaful Solving Home Security Problems
Islamabad – Iylus Systems, Pakistan’s first provider of complete smart home and business security services, has joined forces with Instaful Solutions to offer a triple-layered approach to home and business security. Through cutting-edge IoT security equipment, rapid response capabilities and Takaful coverage, the initiative is set to revolutionize the concept…
Insurance coverage against harassment
Iyzil, in collaboration with InsurTech Instaful Solutions, proudly introduces a groundbreaking solution designed to protect women through insurance coverage against harassment, aimed at safeguarding their mental and psychological well-being. This pioneering initiative, the first of its kind not only in Pakistan but globally, underscores our commitment to enhancing women’s safety…
In a groundbreaking development for Pakistan, cutting-edge Artificial Intelligence (AI) technology is set to transform the insurance landscape. Pakistani Instaful Solutions has teamed up with Luxembourg-based conversational AI experts FCB.ai to unveil conversational AI-based channels revolutionizing the accessibility of insurance products for millions of uninsured Pakistanis. Pakistan grapples with one…
Our partnership with Canadian-InsurTech B4E Insurtech | Insurance Infrastructure-as-a-Service
We are excited about our partnership with Canadian-InsurTech B4E Insurtech | Insurance Infrastructure-as-a-Service. Together we will be addressing risk and protections gaps in GCC in collaboration with insurers, reinsurers, InsurTechs, banks, FinTechs, telecom operators and other consumer brands. You can read more about it on our LinkedIn post.
Modernizing Bancassurance in Pakistan: Instaful signs Strategic Partnership with Shoreline Asia
In a significant leap towards aligning insurance and bancassurance distribution in Pakistan with global best practices, Instaful Solutions has joined forces with Shoreline Asia, a leading international financial services consulting firm headquartered in Hong Kong. Bancassurance, and its Shariah-compliant variant BancaTakaful, represent a business model where insurance companies collaborate with…
15th Bancassurance Asia Summit 2023
Some acknowledgments and key takeaways from the Asia Bancassurance Summit I had participated in and spoken at last week in Singapore. It was a great opportunity to connect with top global and regional leaders and the pleasure of making several new friends and a range of collaborations is on the…