The insurance industry in Pakistan is regulated by the Securities and Exchange Commission of Pakistan (SECP) and there are several insurance companies operating in the country. Here are the top 5 insurance companies in Pakistan, based on their market share as of 2021:
EFU Life Assurance: EFU Life Assurance is the largest life insurance company in Pakistan with a market share of over 33%. It offers a range of insurance products, including life, health, and investment plans.
Jubilee Life Insurance: Jubilee Life Insurance is the second-largest life insurance company in Pakistan with a market share of over 18%. It offers a range of insurance products, including life, health, and investment plans.
State Life Insurance Corporation of Pakistan: State Life Insurance Corporation of Pakistan is a state-owned life insurance company in Pakistan with a market share of over 17%. It offers a range of insurance products, including life, health, and investment plans.
Adamjee Insurance: Adamjee Insurance is the largest non-life insurance company in Pakistan with a market share of over 13%. It offers a range of insurance products, including motor, health, travel, and property insurance.
National Insurance Company Limited: National Insurance Company Limited is a state-owned non-life insurance company in Pakistan with a market share of over 9%. It offers a range of insurance products, including motor, health, travel, and property insurance.