The Securities and Exchange Commission of Pakistan (SECP) has granted Pakistan’s first digital-only non-life insurance license to Digi Insurance Limited, authorising an end-to-end digital operating model for non-life insurance without physical branch infrastructure. Digi Insurance Limited is an indigenous insurtech that will conduct key functions including policy issuance, customer onboarding and claims management exclusively through digital channels. SECP framed the approval as part of its regulatory approach to support technology-led insurance distribution, with the digital-only model intended to reduce operating costs and extend reach to underserved and remote segments, while encouraging competition and product innovation in the non-life insurance market.
Securites & Exchange Commission of Pakistan 2025-07-22
Securities and Exchange Commission of Pakistan grants Pakistan’s first digital-only non-life insurance license to Digi Insurance Limited
The Securities and Exchange Commission of Pakistan has issued the country's first digital-only non-life insurance license to Digi Insurance Limited, enabling a fully digital operating model without physical branches. This move supports SECP's strategy to promote technology-driven insurance distribution, aiming to lower costs and expand access to underserved areas while fostering competition and innovation in the non-life insurance sector.