Observer Report
Islamabad
Director General Federal Insurance Ombudsman (FIO), Mubashir Naeem Siddiqui has said that the insurance sector plays a very important part in the national development however the pandemic has increased its importance manifold.
“Despite the importance of insurance its share in the GDP is low which can be increased through efforts in the right direction,” he said.
Talking to Dr. Murtaza Mughal, President of Pakistan Economy Watch and former Chairman FPCCI Central Insurance Committee on Insurance on Sunday, Mubashir Naeem Siddiqui said that the Insurance Ombudsman is providing valuable services to the society and protecting the rights of policy holders which will help improve this sector.
He noted awareness is being created among the masses and disputes are being resolved amicable, which is benefitting all the stakeholders.
Speaking on the occasion, Dr Murtaza Mughal said that the second wave of corona virus has frightened the world as not a single country is insulated from the pandemic.
