RegAlert2025-12-22
Added · Updated
Circular No. 33 of 2025 - Motor Insurance Repository
All registered non-life insurers and general takaful operators underwriting motor vehicle insurance must participate in the Motor Insurance Repository by signing a Service Level Agreement with the Central Depository Company within 60 days of the circular's issuance. These entities are required to share motor insurance business data with the Central Depository Company directly or through a technology service provider, ensuring the accuracy, security, and confidentiality of all policyholder information. Insurers not currently engaged in this business must comply with these obligations immediately upon registration and commencement of motor vehicle insurance underwriting.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Insurance Division
Non-Life Policy and Approvals Department
Circular No. 33 of 2025
Islamabad, December 03, 2025
SUBJECT: MOTOR INSURANCE REPOSITORY
The Securities and Exchange Commission of Pakistan in exercise of the powers conferred under Section 40B read with clause (u) of sub-section (4) and clause (fa), (fb) & (fc) of sub-section (6) of section 20 of the Securities and Exchange Commission of Pakistan Act 1997 (XLII of 1997), hereby directs all registered non-life insurers including takaful operators under the Insurance Ordinance, 2000 (XXXIX of 2000) which are engaged in the business of underwriting motor vehicles insurance to participate in Motor Insurance Repository and its functioning thereof;
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Lineage: In force
Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.