With an economic storm on the horizon, people in Pakistan are looking toward financial safety. While rising operational costs and competitive premium pricing are an ongoing struggle, customers can opt to insure themselves and their possessions from possible risks.
TPL Insurance has disrupted the existing insurance ecosystem with initiatives that have enabled new industry benchmarks and instant claims processing, along with the focus on customer convenience and superior service standards.
While there is so much economic insecurity in Pakistan, people can now choose general insurance, including Auto, Fire, Marine, Health, Home, Travel and Agriculture, with conventional and Takaful (Islamic insurance) solutions.
As the world progresses in this field, Pakistan has still not fully accepted this segment. We spoke to the panelists for the upcoming Insurtech Summit on the 18th – 19th of August, CEO of TPL Insurance, one of the leading Insurtech companies in Pakistan, said: “TPL Insurance continually innovates to utilize the digital paradigm to redefine insurance. During the course of the past couple of years, we capitalized on our digital assets and utilized rich data to ensure the most hassle-free policy issuance, claims and renewal processes.”.
Insurance companies in Pakistan work aggressively to get more customers on board. A few companies in Pakistan are taking things one step ahead, and like first-world countries, they are offering insurtech. Insurtech, all in all, refers to the use of technology and innovations to make the operations of acquiring insurance and getting it renewed all through a mobile application.