SINGAPORE (Special Correspondent) – High Commissioner of Pakistan to Singapore, Rabia Shafiq, held a strategic meeting with a delegation of senior executives from Pakistan’s leading insurance and reinsurance firms on Thursday to explore bilateral cooperation. The discussions focused on establishing robust institutional linkages to bolster the insurance sector in Pakistan and Singapore through professional exchanges and capacity building.

Key Points

• High Commissioner Rabia Shafiq met with a delegation of senior Pakistani insurance executives at the High Commission.
• The session prioritized professional development in actuarial sciences and specialized industry training to improve standards.
• Approximately 60 Pakistani delegates are currently attending the Singapore International Reinsurance Conference (SIRC) 2026.
• The delegation represents major firms including IGI General Insurance, Habib Insurance, and Pak-Qatar.

Enhancing Bilateral Insurance Cooperation

The Pakistani delegation, headed by Muhammad Hisham, Chief Operating Officer of IGI General Insurance, engaged in detailed talks regarding the strengthening of ties between the financial services industries of the two nations. High Commissioner Rabia Shafiq underscored that fostering direct partnerships between insurance institutes is essential for improving the technical capabilities of the domestic market.

She emphasized that professional development, particularly in the fields of actuarial science and international specialized training, is vital to aligning Pakistan’s insurance sector with global benchmarks. This strategic focus on capacity building reflects a broader effort to modernize local service standards and enhance sector expertise.

SIRC 2026 and Industry Growth

The visiting executives noted that 60 representatives from Pakistan are participating in the Singapore International Reinsurance Conference (SIRC) 2026, which spans from 1 to 5 November. This conference serves as a pivotal platform for Pakistani professionals to interact with international experts, share regional insights, and adopt global best practices in reinsurance.

The delegation features leadership from various institutions, including Oceanic Group, i4i Reinsurance, Habib Insurance, Asia Insurance, Sindh Insurance, Pakistan General Insurance, FIB Brokers, Pak-Qatar, and Jazz Sure Insurance. Their participation is expected to pave the way for future institutional linkages that will support the long-term growth of Pakistan’s insurance landscape.

Frequently Asked Questions

What was the purpose of the meeting in Singapore?

The meeting aimed to discuss opportunities for strengthening bilateral cooperation and institutional linkages between the insurance and reinsurance sectors of Pakistan and Singapore.

How many delegates are attending the SIRC 2026 from Pakistan?

Approximately 60 Pakistani delegates are participating in the Singapore International Reinsurance Conference (SIRC) 2026 to gain insights into global insurance best practices.