To promote educational and knowledge sharing activities in the field of insurance, the Pakistan Insurance Institute (PII) was set up in 1951 by the insurance fraternity of Pakistan.
In 1953, PII was affiliated with the Chartered Insurance Institute (CII), London and commenced conducting Associateship and Fellowship examination of the CII.
In 1971, PII was incorporated as a registered company
Vision
A centre of academic excellence in the discipline of Takaful/Insurance in Pakistan
Mission
To set standards of professional excellence by:
Designing and implementing effective HR development programmes for the insurance industry
Broadening the membership of the Institute
Objectives
- Be the primary organization for imparting insurance education in the country and a credible source for developing insurance professionals to address the manpower requirements at various levels within insurance and related industries
- Be a seat of higher learning in the discipline of insurance, duly recognized by HEC and other renowned international insurance institutes.
- Become a credible forum for exchange of views among professionals both within and outside Pakistan
Board / Council
PII is governed by a Board / Council comprising of following members elected for 2020-2023:
| Name | Nominee of |
|---|---|
| Mr. Naim Anwar Managing Director & CEO Crescent Star Insurance Limited |
Insurance Association of Pakistan |
| Mr. Abdul Waheed
President & Chief Executive Askari General Insurance Company |
Insurance Association of Pakistan |
| Mr. Muhammad Faisal Siddiqui
Chief Executive Officer Sindh Insurance Limited |
Insurance Association of Pakistan |
| Mr. Tahir Masaud
Chief Executive Officer IGI General Insurance Limited |
Insurance Association of Pakistan |
| Mr. Farrukh Majeed Qureshi Company Secretary |
National Insurance Company Ltd |
| Syed Rafeo Bashir Shah Chief Executive Officer |
National Insurance Company Ltd |
| Mr. Jamil Ahmed
Chief Financial Officer |
Pakistan Reinsurance Company Ltd |
| Mr. Junaid Moti Executive Director |
Pakistan Reinsurance Company Ltd |
| Mr. Obaid ur Rehman Joint Director- Insurance Division |
Securities & Exchange Commission of Pakistan |
| Ms. Farzana Siddiq Chief Executive Officer |
Pakistan Insurance Institute |
| Dr. Irfan Hyder Rector |
Institute of Business Management |
| Dr. Saqib Sharif Associate Professor (Economics & Finance) |
Institute of Business Administration |
PAST, PRESENT & FUTURE
Educational & Knowledge Sharing Activities
Proficiency in Insurance
Programme was conducted in mid 70’s and junior level employees of the insurance industry attended the course.
Diploma in Insurance
(in affiliation with the Sind Board of Technical Education) 2 year programme for 7 batches was held in 90’s and successful candidates were awarded the diploma.
Agents Foundation Course
Insurance Rule 26 of Securities & Exchange Commission (Insurance) rules 2002 lays down the requirement for any person working as an insurance agent in life and non-life business to attend the foundation course, without which they will not be able to operate as an agent. The course developed in 2003 is being regularly conducted every quarter in various cities of Pakistan.
Agents Foundation Course (Refresher):
Pakistan Insurance Institute (PII) has been approved by Securities & Exchange Commission of Pakistan (SECP) Circular No.25 of 2015 along with Notification dated July 2, 2015 and Circular No.33 of 2015 dated September 7, 2015 as a recognized Institute allowed to register and offer training and certification programs of the foundation course for life and non- life insurance agents as required under Rule 26 (b) of SEC (Insurance) Rules, 2002. The agents or designated person shall also be required to attend a refresher course after every two years from such institute(s) as specified by the Commission for the purposes of continued professional education.
Takaful General / Family
Following approval from SECP vide circular no. ID/TAKAFUL TRAINING/2015/6976, a course titled ‘Takaful Operators and Window Takaful Operators’ is being conducted every quarter and is taught by PII faculty Mufti Zeeshan Abdul Aziz.
Licensing Examination for Surveyors (ASO):
In pursuant to the Circular No.5 of 2013 dated April 22, 2013 issued by Securities & Exchange Commission of Pakistan (SECP), Pakistan Insurance Institute (PII) is authorized to conduct the Annual Licensing Examination for Surveyors at Karachi and Lahore.
2 Semester Post Graduate Diploma Program (PGD) in Insurance
(in affiliation with University of Karachi)
Since 2010, this program offers specialization in:
Property and Business Interruption Insurance
Marine and Transport Insurance
Motor, Liability and Miscellaneous Insurance
Actuarial Science
Life Insurance
Insurance Day
A seminar on a relevant topic related to insurance is conducted every year at an educational institution in Karachi and Lahore. Press briefing is also held on this occasion at the Press Club.
International Insurance Conference:
Since 2010, Pakistan Insurance Institute (PII) has had the honour of hosting International Insurance Conferences every two years and to date four international conferences have been held on the following topics:
April 2010 Political Violence
April 2012 Catastrophe Events – Challenge for the Insurance Industry
April 2015 Challenges & Opportunities for the Insurance Industry in Emerging Markets
April 2017 Climate Change and Emerging Risks
April 2019 InsurTech & Microinsurance
Continuous Professional Development Programs (CPD)
Continuing Professional Development (CPD) is essential for every professional, ensuring you keep your skills and knowledge up-to-date and in turn remain competent. Workshops and seminars for insurance professionals on different topics (both insurance related and soft skills) are held regularly throughout the year.
Participants to the workshops can avail credits from CII towards CPD.
