ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has released the draft Actuarial Valuation Rules, 2025, for public consultation. The new framework is designed for both Life and Non-Life Insurance and Takaful businesses.

The proposed rules align with the SECP’s five-year strategic plan, “Journey to an Insured Pakistan,” aiming to strengthen the insurance sector. They provide a standard framework for the valuation of insurance contract assets and liabilities.

Developed in accordance with the International Association of Insurance Supervisors’ (IAIS) Core Principles, the draft rules also adopt the latest global actuarial practices. The SECP prepared the framework in consultation with the Pakistan Society of Actuaries (PSoA) to ensure accuracy and international compliance.

The rules include provisions for risk-based capital assessment and supervisory regimes. By standardising actuarial valuation practices, the SECP seeks to enhance transparency, promote innovation, and support digitisation across the insurance industry.

Officials from the SECP said the draft rules will help insurers better manage financial risks and improve overall sector stability. The rules are open for public feedback, allowing industry stakeholders to share their views before finalisation.

“The draft Actuarial Valuation Rules, 2025, will align Pakistan’s insurance practices with global standards,” a SECP spokesperson said. “We encourage all stakeholders to review and provide input on the rules.”

The SECP’s initiative reflects its ongoing commitment to modernising the insurance sector. By adopting international best practices, the regulator aims to improve investor confidence and ensure robust financial management within insurance companies.

Once finalised, these rules will serve as a key regulatory tool, supporting the SECP’s vision of a well-regulated, innovative, and digitally enabled insurance market in Pakistan.

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