SECP Chairman and Federal Insurance Ombudsman Collaborate for Transparency

The Chairman of the Security and Exchange Commission of Pakistan (SECP), Akif Saeed, recently held a meeting with the Federal Insurance Ombudsman, Syed Mumtaz Ali Shah, at the Insurance Ombudsman Secretariat in Karachi. The primary focus of their discussion was on improving transparency, development, and overall enhancement within the insurance sector in Pakistan.

During the meeting, Syed Mumtaz Ali Shah stressed the importance of transparency in driving the growth of the insurance industry and rebuilding public trust. He emphasized that transparency is a fundamental element for the effective progress of the industry.

In response, the SECP Chairman expressed full support for promoting transparency in the insurance sector. Both parties agreed to work closely together to tackle the challenges faced by the industry in the future.

The collaboration between the SECP and the Federal Insurance Ombudsman signals a positive step towards fostering transparency and trust within Pakistan's insurance sector. By prioritizing transparency, the industry aims to enhance its credibility and better serve the public, ultimately leading to a more robust and reliable insurance market in the country.