Pakistan, May 5 -- Pakistan faces a significant challenge with very low insurance coverage across the nation. Currently, insurance penetration stands at a mere 0.8% of the country's GDP. This leaves millions of families financially vulnerable to unexpected health issues, accidents, or the loss of a loved one, increasing hardship.

Recent reports from the World Bank highlight this vulnerability further. Poverty in Pakistan increased significantly in 2024, pushing an additional 13 million people into difficult circumstances. This means many households are less prepared for financial shocks and struggle to cope with emergencies without adequate insurance.

Looking at other countries provides valuable lessons for Pakistan's insurance sector. ...