Licensing & compliance
Insurers must obtain SECP licenses and maintain ongoing compliance with the Insurance Ordinance 2000 and subsequent regulations.
Insurance Ordinance 2000Regulatory Division
Insurance Supervision
Ensuring a sound, transparent, and consumer-protective insurance sector across Pakistan.
Our Role
Regulating with clarity and purpose
SECP licenses, supervises, and enforces compliance across Pakistan's insurance sector - protecting policyholders and maintaining market stability.
Licensing of life, non-life, and takaful operator
Ongoing solvency and financial health monitoring
Consumer grievance resolution and protection
On-site and off-site supervisory inspections
Regulatory Framework
How SECP supervises insurers
Risk-based supervision
SECP applies a risk-based supervisory model - allocating oversight intensity based on each insurer's risk profile, solvency margin, and market conduct.
RBS FrameworkEnforcement
Regulatory violations trigger formal enforcement actions including warnings, penalties, suspension of licenses, or referral to relevant authorities.
Enforcement powersCore Functions
What insurance supervision covers
Supervision of insurers
Regular on-site and off-site reviews of all licensed insurance entities.
Financial monitoring
Solvency, reserve adequacy, and financial soundness assessment.
Consumer protection
Handling policyholder complaints and ensuring fair market conduct.
Compliance enforcement
Investigating breaches and issuing corrective or punitive actions.
For Stake Holders
Who we serve
Insurance companies
Guidance for regulated entities on licensing, reporting, and compliance obligations.
- Licensing applicants & renewals
- Annual & quarterly regulatory filings
- Actuarial & solvency requirements
- Market conduct standards
Policyholders
Know your rights and access support if you have a dispute with your insurer.
- File a complaint against an insurer
- Verify your insurer's license status
- Understand your policy rights
- Access the Insurance Ombudsman