Premier Insurance Limited

This Lung Cancer Awareness Month, let’s breathe life into the conversation about prevention, early detection, and support. Together, we can raise awareness and encourage healthier choices for a better tomorrow. 💙 #LungCancerAwareness #EarlyDetectionSavesLives #HealthMatters #AwarenessMonth #SupportAndCare

PII organized another successful training workshop. Title: "Smart Recruitment and Retention Approaches for an improved workplace experience.". The session was inaugurated by ED PII , Mr.Ather Rahat Siddiqui ACII , CPCU who welcomed the audience and introduced the facilitator Ms Niina Khan. ED & CHRO, Premiere Insurance Co. Ltd. Ms. Khan coverered the followings: - Acquisition and retention - Difference between recruitment and selection , types of recruitment - Cycle of recruitment and selection processes - Employee journey mapping - Retention strategies - Diversity , equity and inclusion........... The session was very lively and engaging. At the end of the session Mr. Shahzad Lodhi thanked the participants and facilitator. #insurancecompanies #insurancebrokers #HR #secp #iap #takafulcompanies

Premier Insurance had the pleasure of attending the IAP Annual Dinner, celebrating industry achievements and building stronger connections. Grateful for the opportunity to connect with industry leaders and partners! 🌟 #PremierInsurance #IAPAnnualDinner #IndustryConnections #InsuranceIndustry

Honoring the vision and wisdom of Allama Iqbal, whose words continue to inspire us to dream big and strive for greatness. Happy Iqbal Day! 🇵🇰✨ #IqbalDay #premierinsurance #DreamBig

A night to remember! ✨ Thank you to our esteemed motor dealership partners for joining us for an exclusive dinner. Together, we celebrated our successes and strengthened our partnerships. Here's to many more shared journey's ahead! #premierinsurance #partnershipsuccess #memorablenight

From our office to the nation—celebrating Independence Day with enthusiasm and patriotism! 🇵🇰 🎊 Here's to freedom, unity, and the values that bind us together. Happy Independence Day!

Empowering the next generation! 🌟 On #WorldYouthSkillsDay, we celebrate the incredible potential of young minds. At Premier Insurance Limited, we're committed to providing the resources and support they need to thrive. Protecting their future, one skill at a time. #YouthEmpowerment #FutureLeaders

Wishing you and your loved ones a blessed Eid Al Adha filled with joy, peace and prosperity. May your sacrifices be appreciated and your prayers answered. Eid Mubarak! 🌙✨

The health insurance landscape in Pakistan reflects a rising demand for cost-effective coverage solutions amidst escalating healthcare expenses. Projections indicate significant growth within the health insurance sector, with the market size anticipated to reach approximately US$180.70 million by the end of 2024, signaling a favorable trajectory in demand. Moreover, the per capita spending in this sector is estimated to be around US$0.74 in 2024, underscoring an increasing recognition of the significance of health insurance coverage among individuals in Pakistan. Looking ahead, an annual growth rate of 5.93% between 2024 and 2028 is expected, resulting in a market volume of approximately US$227.50 million by the end of 2028. This upward trajectory augurs well for the future of the health insurance sector in Pakistan, offering promising prospects for insurers and consumers alike. When comparing with our neighboring country, Bangladesh, we see that the health insurance sector in Bangladesh is like Pakistan also poised for significant growth, with projections indicating a gross written premium of US$86.54 million by the end of 2024. Correspondingly, the per capita expenditure within this sector is estimated to be around US$0.50 during the same period. Looking forward, a robust annual growth rate of 11.80% is forecasted between 2024 and 2028, culminating in a market volume of US$135.20 million by 2028. This expansion is primarily attributed to heightened awareness and recognition of the necessity for healthcare coverage among the populace of Bangladesh.

Motor Insurance is a type of insurance that provides financial protection to the owner of a vehicle, such as a car, truck, motorcycle, or other road vehicles. When you insure your vehicle, it means you purchase a policy from an insurance company, and in return, they agree to compensate you for certain financial losses resulting from accidents, theft, or other covered events involving your vehicle. It primarily shields against bodily injury or damage incurred in traffic accidents and any associated liabilities. From Pakistan to India, understanding the Motor Insurance landscape is crucial. The study provides a concise analysis of Pakistan and India's Motor Insurance Market, encompassing a market overview, estimation of market size for key segments, and identification of emerging market trends. The Motor Vehicle Insurance market in Pakistan is poised for notable expansion in the foreseeable future. Projections indicate that by end of 2024, the gross written premium is anticipated to soar to US$2.40 billion, underscoring a favorable trajectory in market demand. Additionally, the estimated average spending per capita in the Motor Vehicle Insurance market is expected to reach US$9.78 this year, signaling a growing acknowledgment among Pakistani individuals regarding the necessity of safeguarding their vehicles from potential risks. In respect to India, with a growing population reaching about 1.38 billion we see a 16% growth rate in the current year, a significant jump from the 11% growth recorded in the previous year. India's Motor Insurance sector is undergoing rapid expansion, propelled by the dynamic automotive industry. As the country's economy continues to grow, there's a concurrent rise in disposable income and a burgeoning preference for personal transportation. Consequently, India has now ascended to become the fourth-largest automotive sales market globally. When comparing the Motor Insurance markets of the two countries, India demonstrates a significant lead in terms of introducing new motor policies and aligning them with government regulations in the automobile sector. India's population has experienced an increase in purchasing power, resulting in a surge of motor vehicle purchases and subsequent growth in motor insurance policies with almost 50% of their registered vehicles on road being insured. Conversely, in Pakistan, the market shows limited growth with only about 3% of total number of registered vehicles insured, attributable to economic challenges, inflexible government policies, a reluctance among new motor industries to establish operations and a lack of awareness among the populace regarding vehicle protection. Addressing these issues requires not only improved government policies including implementing the law that requires all vehicles on road to be insured, but also require extensive awareness campaigns aimed at educating people about various insurance types, particularly highlighting the necessity of auto insurance.