Financial Performance of Pakistan Insurance Industry in Global Scenario

Waheed Akhter and Muhammad Zia-ur-Rehman ()
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Muhammad Zia-ur-Rehman: Lecturer, Management Sciences Department, National University of Modern Languages, Islamabad, Pakistan

Far East Journal of Psychology and Business, 2011, vol. 3 No 2 Paper 1 May, issue 1, pages 1-14

Abstract: This research paper analyzes the financial performance of Pakistan insurance industry during the period 2001-2005 in an attempt to assess future growth and potential. Though the growth of Pakistan insurance industry is satisfactory, yet insurance comparison with advanced as well as under-developed countries signifies abysmal low insurance penetration in the country. Performance of Pakistan insurance industry has been analyzed from two perspectives. Insurance comparison with advanced as well as under-developed countries and comparing Pakistan’s share to the world insurance market and through Regional comparison showing insurance density and penetration of selected Asian countries. The paper identifies some key economic indicators that are essential to create demand for insurance and contribute towards achieving long-term prosperity and sustainable economic development of the country.

Keywords: Insurance industry; financial performance; potential; insurance penetration; insurance comparison; geographical spread; GDP; GDI (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2011
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Persistent link: http://EconPapers.repec.org/RePEc:fej:articl:v:3b:y:2011:i:1:p:1-14

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