Pakistan Insurance Claims Cross One Million: What SECP’s 2025 Industry Data Reveals

Pakistan’s insurance sector is becoming easier to assess through data. On 25 September 2026, the Securities and Exchange Commission of Pakistan highlighted new industry statistics showing that insurers settled more than one million motor, accident and health, and fire and property claims during 2025.

What the figures show

According to SECP’s release on its Insurance Industry Statistics Report 2025, gross life-insurance claims were Rs410 billion, while non-life claim payments were approximately Rs138 billion. These figures provide a clearer picture of the scale at which insurers are serving policyholders.

Why claims data matters

Premium growth is only one side of insurance. For customers, the real test of a policy often comes when a claim is made. Publishing industry-level claims information can therefore improve transparency and help analysts evaluate how the market is functioning.

The data should not be used to rank individual insurers without company-level context. Claim volumes vary by product mix, customer base and portfolio size. But sector-wide reporting can still help policymakers and consumers understand the role insurance plays in household and business risk management.

Digitalisation could reshape claims

SECP has separately been encouraging digital transformation in insurance. Digital onboarding, electronic documentation, automated workflows and better data exchange can potentially reduce friction across policy issuance and claims servicing, provided consumer protection and data governance remain strong.

What customers should consider

Customers comparing insurance products should look beyond premium price. Coverage, exclusions, claim documentation, service channels, complaint mechanisms and the financial strength of the insurer are all relevant. Policy terms should be read carefully before purchase.

Why this matters for Pakistan’s financial sector

A deeper insurance market can complement banking and capital markets by helping households and businesses transfer specific risks. Better public data can also improve market discipline and encourage more informed financial decisions.

Source basis: SECP press release dated 25 September 2026 and Insurance Industry Statistics Report 2025. Informational purposes only.