Jubilee to sponsor next three insurtech summits

KARACHI: Jubilee Life Insurance, the largest private insurer in Pakistan, has signed a memorandum of understanding (MoU) with the Pakistan Fintech Network (PFN) to sponsor the upcoming Pakistan Insurtech Summits in 2024, 2025, and 2026.

The annual Pakistan Insurtech Summit aims to drive innovation within the insurance sector by bringing together key stakeholders to explore how technology can transform insurance services across the country. The second summit is scheduled to take place in November 2024 in Karachi, focusing on the theme ‘Transforming Pakistan’s Insurance Landscape: Synergy of Tech, Partnership, and Policy’. Industry professionals will convene to address pressing issues currently facing the sector.

The third and fourth Pakistan Insurtech Summits are set for 2025 and 2026, respectively. Each summit will gather insurance providers, regulators, tech innovators and other key industry players to discuss how digital platforms and innovations can revolutionize the insurance landscape. Jubilee Life’s sponsorship aligns with its goal of advancing the insurance field through the latest technological innovations.

Group Head of Retail Operations, Marketing, and Administration at Jubilee Life Insurance Farhan Faridi expressed his commitment to innovation, stating, “Jubilee Life has always been dedicated to advancing innovation in the insurance sector. Our collaboration with the Pakistan Fintech Network for the Insurtech Summits reflects our vision for a future where technology plays a pivotal role in making insurance more accessible, efficient, and customer-centric. We are proud to be the driving force behind such an important industry event.”

Fahad Sajid, CEO of the Pakistan Fintech Network, also shared his enthusiasm for the partnership, saying, “We are thrilled to have Jubilee Life Insurance on board as the title sponsor for the Pakistan Insurtech Summits.