National News

SECP consults stakeholders on reforms in insurance regulatory framework

ISLAMABAD, Oct 24 (APP): The Securities and Exchange Commission of Pakistan Monday organized a roundtable on proposed reforms in the insurance regulatory framework. The representatives of insurance companies, insurance brokers, associations of insurance surveyors, Pakistan Societies of Actuaries and the Institute of Chartered Accountants of Pakistan attended the roundtable, said a statement here. Chairman of the sub-committee on insurance, Farrukh Rehman and an ICAP Council Member, emphasized the need for upgrading insurance law to bring it in line with the best international practices. The executive director, Insurance Division SECP, gave an overview of the insurance industry in Pakistan and briefed audience on the proposed amendments.