Question:

What are the key achievements of SECP Insurance Division for the year 2010?

by Guest3994  |  12 years, 8 month(s) ago

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My friend wants to know the key achievements of SECP Insurance Division for the year 2010?

 Tags: 2010, achievements, division, insurance, key, SECP

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  1. Guest6200
    Following are the key achievements of the Insurance Division for the year 2010:

    Transfer of Rule Making Powers to the Commission
    On-site Inspections of Insurance Companies.
    Issued Guidelines for Life Insurance and Family Takaful Illustrations.
    Issued Guidelines for Bancassurance.
    Implementation of IFRS-4 on Annual Financial Statements.
    Collection of Annual Supervision Fee.
    Compliance with Anti-Money Laundering Act, 2010.
    Development of Guide Publications.
    Review and amendments in the minimum solvency requirements.

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