Karachi: Jubilee Life, Pakistan’s largest private sector insurance company, has unveiled a three-year sponsorship plan for the Pakistan Insurtech Summit, set to run annually from 2024 to 2026. The summit, a key event for the insurance industry, aims to foster innovation and technological advancement in the sector.

According to Jubilee Life Insurance, the sponsorship aligns with the company’s commitment to promoting technological innovations in insurance. The Pakistan Insurtech Summit, hosted in Karachi, will begin its second session in November 2024 under the theme “Pakistan’s Changing Insurance Landscape: Synergy of Tech, Partnerships, and Policy.” This event will bring together industry professionals to discuss critical issues facing the sector.

Farhan Faridi, Group Head Retail Operations, Marketing, and Admin at Jubilee Life, emphasized the company’s dedication to innovation. “Jubilee Life is committed to fostering innovation. Our agreement with the Pakistan FinTech Network reflects our vision for a future where technology-driven insurance plays a crucial role in enhancing accessibility, excellence, and customer focus,” Faridi stated.

Fahad Sajid, CEO of the Pakistan FinTech Network, expressed enthusiasm about the collaboration. “We are excited to have Jubilee Life Insurance as the title sponsor of the Pakistan Insurtech Summit. This partnership enhances the connection between financial institutions and the fintech ecosystem, highlighting the critical role of insurtech in shaping a better future,” said Sajid.

The summit is poised to be an effective platform for discussing emerging technologies and their impact on the insurance industry. It aims to explore how digital platforms, artificial intelligence, and analytics can transform customer experiences and improve risk management.