The Securities and Exchange Commission of Pakistan (SECP) has won a global award for developing a comprehensive insurance policy aimed at enhancing women\u2019s access to insurance services.
\nThe SECP received the Outstanding Policy Award at the Women\u2019s World Banking Programme held at the University of Oxford, where teams from 16 countries participated.
\nThe proposed SECP policy focuses on expanding women\u2019s access to insurance, developing products tailored to their specific needs and increasing outreach through digital channels.
\nAccording to the SECP, Pakistan has around 117 million women, representing significant potential for expanding insurance coverage among women.
\nUnder the proposed policy, insurance companies have been encouraged to introduce at least two dedicated insurance products for women, aimed at addressing their specific financial protection needs.
\nThe policy is initially expected to benefit around 1.5 million existing women life insurance policyholders, while creating opportunities to bring more women into the formal insurance system.
\nThe proposed framework also aims to improve women\u2019s access to insurance products through digital platforms and other accessible channels, thereby promoting greater financial inclusion and protection.
\nSECP Chairman Dr. Kabir Ahmed Sidhu said the international recognition was an endorsement of the Commission\u2019s policy direction and its efforts to strengthen financial inclusion.
\nHe said that improving women\u2019s access to insurance and ensuring effective consumer protection remained among the SECP\u2019s key priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Securities and Exchange Commission of Pakistan (SECP) has won a global award for developing a comprehensive insurance policy aimed at enhancing women\u2019s access to insurance services. The SECP received the Outstanding Policy Award at the Women\u2019s World Banking Programme held at the University of Oxford, where teams from 16 countries participated. The proposed SECP […]<\/p>\n","protected":false},"author":2,"featured_media":565080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-565068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n