The Securities and Exchange Commission of Pakistan (SECP) is set to host the much-anticipated InsureImpact Conference Pakistan (ICP) 2025 in Karachi on February 12, 2025. With a focus on the theme “Journey to an Insured Pakistan – Fostering Collaboration, Engagement & Innovation,” the conference promises to be a landmark event aimed at shaping the future of the country’s insurance sector.
ICP 2025 will bring together a diverse group of key stakeholders, including federal and provincial ministers, senior government officials, leading policymakers, and experts from both the financial and insurance sectors. The event will provide a unique platform for thought leaders and industry professionals to come together, exchange ideas, and discuss strategies to address the challenges and opportunities within Pakistan’s insurance industry.
The conference will feature an extensive agenda, covering a wide range of critical issues. Key discussions will include an overview of Pakistan’s insurance ecosystem, stakeholder engagement, and the role of disaster and agricultural insurance in the context of climate change. Given the growing importance of sustainability and climate resilience, these discussions will be crucial in understanding how insurance can serve as a tool to mitigate the financial risks associated with climate-related disasters.
A central focus of the conference will be the expansion of mandatory insurance and its potential to deepen coverage across the country. The discussions will also explore how the health insurance sector can be better leveraged to serve the needs of Pakistan’s growing population, with an emphasis on making health coverage more accessible and affordable.
One of the most anticipated aspects of ICP 2025 will be the exploration of how digitalization can advance the vision of an “insured Pakistan.” As the world becomes increasingly digital, the insurance sector in Pakistan faces both challenges and opportunities in harnessing the power of technology to streamline operations, enhance customer experience, and improve the overall accessibility of insurance services. The development of an optimal blueprint for digital insurance infrastructure will be a key topic, and the insights shared at the conference are expected to play a vital role in driving the sector’s digital transformation.
ICP 2025 aligns with SECP’s five-year Strategic Plan – Journey to an Insured Pakistan, which was introduced at a similar conference held in December 2023. The plan outlines the road map for developing a more inclusive and dynamic insurance sector in Pakistan. SECP’s commitment to advancing the goals of this strategic plan will be front and center at the conference, with an emphasis on building a cooperative and innovative insurance ecosystem.
The conference will not only provide an opportunity to discuss challenges and solutions but also serve as a platform for collaboration among all stakeholders in the insurance sector. SECP aims to foster a spirit of cooperation that will lead to meaningful progress, encouraging both public and private sector entities to work together to strengthen the country’s insurance framework.
Looking ahead to 2028, SECP’s ultimate goal is to create a more inclusive, resilient, and innovative insurance landscape in Pakistan. ICP 2025 will play a crucial role in advancing this vision by encouraging dialogue, sharing best practices, and building consensus on the key issues facing the industry. As Pakistan continues its journey toward a more insured future, ICP 2025 stands as a pivotal step in achieving a sustainable and accessible insurance market for all.