The Insurance Association of Pakistan

17/12/2025

On Wednesday 17th December 2025, BDO Ebrahim & Co. conducted a training workshop for IAP members at IAP House Karachi on ESG Disclosures and IFRS S1 & S2 conformance. IAP is thankful to Mr. Zulfikar Ali Causer Managing Partner BDO, Mr. Muhammad Imran Noorani Executive Director BDO and Mr. Abdullah Nadeem for conducting the session. The session was also joined virtually via Zoom by members

26/11/2025

On Tuesday 25th November 2025 IAP's Executive Committee members Mr. Mohammed Ali Ahmed Mr. Waqas Ahmad Mr. Jehanzeb Zafar and Mr. Javed Ahmed spoke at Federal Insurance Ombudsman's interactive session on transparency & growth in the insurance industry.

Members appreciated FIO Mr. Mumtaz Ali Shah's role in helping build policyholder confidence and providing a platform for continued improvements.

26/11/2025

On Monday 24th November 2025 IAP's Secretary General Mr. N A Usmani retired, the Executive Committee and IAP staff held a small farewell ceremony and wished Mr. N A Usmani best in his retired life.

06/11/2025

The Insurance Association of Pakistan (IAP) organized a Fire Perils Presentation and Practical Training Session at its Karachi office on November 6, 2025. The session was conducted by Engr. Agha Ahmer, who shared insights on fire safety awareness, identification of fire perils, and the correct use of fire extinguishers as per NFPA 10 (2018 Edition) standards.

Participants from member companies attended the session and also took part in a hands-on demonstration of the PASS technique (Pull, Aim, Squeeze, Sweep) for operating fire extinguishers. The training emphasized the importance of preparedness and preventive measures in minimizing fire-related losses.

At the conclusion of the session, participants were awarded training certificates in recognition of their successful completion.

16/10/2025

IAP's Vice Chairman Syed Ather Abbas and Executive Committee member Mr. Jehanzeb Zafar presented industry feedback on Takaful Transition at the SECP's Roundtable Discussion on the Future of Takaful in Pakistan – Karachi October 16, 2025

09/07/2025

On Tuesday 8th July 2025 senior representatives of the insurance industry met the Asian Development Bank team visiting Karachi. The ADB team was led by Ms. Christine Engstrom Senior Director- Financial Sector and Mr. Salman M. Mian. The discussion focused on ADB supported Insurance Transformation Program and strategic reform areas.

Insurance industry was led by Chairman IAP Mr. Shoaib Javed Hussain, and included representatives Senior Vice Chairman Mr. Muhammad Hisham, Vice Chairman Syed Athar Abbas, Mr. Waqas Ahmad, Mr. Nadeem Ahmad, Mr. Azfar Arshad, Mr. Faisal Khan and Syed Nayyar Hussain Zaidi.

IAP is thankful to the ADB for consultation with our members and we look forward to working together in achieving program objectives.

23/05/2025

Chairman IAP, Mr. Shoaib Javed Hussain, sat down with Business Recorder to discuss the insurance sector’s role in Pakistan’s economic landscape—and the need for taxation reforms to unlock its full potential.

The interview also highlights the recent engagement of the IAP delegation, comprising Vice Chairman Syed Ather Abbas and Executive Committee Members Mr. Javed Ahmed and Mohammed Ali Ahmed, who presented the industry’s budget recommendations to the Ministry of Finance, FBR, SECP, and the Ministry of Commerce.

A must-read on how the insurance industry is stepping up to support national economic stability and policy progress. Read the full article here

Chairman Insurance Association of Pakistan (IAP) Shoaib Javed Hussain says elimination of overlapping tax jurisdictions between the federal government and provincial authorities will ultimately benefit policyholders

23/04/2025

The Organisation for Economic Co-operation and Development (OECD) is conducting the Second Round of Peer Review on Pakistan's Automatic Exchange of Information (AEOI) effectiveness from 21st to 23rd April 2025.

On Wednesday 23rd April 2025 the OECD Assessment team comprising of Mr. Ricky Herbert Tax Policy Advisory for Global Forum OECD, Ms. Anu Anand Inland Revenue Department New Zealand and Mr. Bernard Parkoo, Inland Revenue Ghana met representatives from Life and Family Takaful IAP members over Zoom to discuss effective implementation of AEOI Common Reporting Standards.

IAP is thankful to Mr. Zafar Iqbal Khan, DG International taxes Federal Board of Revenue (FBR) and Mr. Mehdi Hassan, Secretary (Automatic Exchange of Information) International taxes FBR for facilitating the meeting with IAP members.

15/04/2025

On Monday 14th April 2025, IAP members met Mr. Mukesh Kumar Chawla Minister Excise and Taxation Sindh and Mr. Muhammad Saleem Rajput, Secretary Excise & Taxation Department Sindh to discuss enforcement of Motor Third Party Insurance in the province. Commissioner Insurance SECP Mr. Mujtaba Ahmad Lodhi and his team also participated.

IAP is thankful to the Minister Excise and Taxation Sindh for extending his full support to work with the insurance industry and roll-out compulsory Motor Third Party insurance in Sindh as soon as possible.

Earlier in the day, Commissioner Insurance SECP Mr. Mujtaba Ahmad Lodhi called a meeting of all motor insurers at SECP Karachi to discuss MTP Insurance and developments in other provinces.

11/03/2025

A delegation of the IAP’s Executive Committee met the Honourable Federal Minister for Finance & Revenue, Muhammad Aurangzeb on Monday 10th March 2025 in Islamabad to discuss insurance industry’s recommendations for the 2025-26 budget.

The Honourable Minister was accompanied by Member Inland Revenue-Policy FBR Dr. Najeed Ahmad FBR and Special Assistant to Finance Minister Mr. Muhammad Asif Hargan.

IAP’s delegation was led by Chairman IAP Shoaib Javed Hussain, Vice Chairman IAP Syed Ather Abbas, Executive Committee Members Mr. Javed Ahmed and Mohammed Ali Ahmed.

The Finance Minister assured IAP that the Government would carefully consider the proposals, particularly regarding taxation and policy measures necessary for development of the industry. The Minister expressed the Government’s commitment to work closely with industry leaders and stakeholders to ensure sustainable growth of the insurance sector, which is a vital component of Pakistan’s economic landscape.

The Minister further highlighted the importance of the insurance sector in the development of the country’s capital markets and emphasised the importance of innovation and productivity in the industry.

24/02/2025

On Saturday 22nd February 2025 Habib Insurance won the IAP Tape ball Cricket Tournament 2025 Karachi final while Salaam Takaful was the runner up. The Tournament was played by 12 member companies this year which included pool matches leading up to the semifinal and final matches. IAP congratulates both Habib Insurance and Salaam Takaful for taking the tournament trophies this year.

20/02/2025

Federal Board of Revenue (FBR) conducted an outreach session for IAP member Life Insurance and Family Takaful companies on Common Reporting Standard (CRS) Compliance Framework virtually on 20th February 2025. IAP is thankful to Mr. Zafar Iqbal Khan, DG International taxes FBR and Mr. Mehdi Hassan, Secretary (Automatic Exchange of Information) International taxes FBR for conducting the session and educating IAP member companies on CRS requirements.