Islamabad, February 11, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has approved the acquisition of a controlling stake in TPL Insurance Limited by Jazz International Holding Limited, marking a significant development in Pakistan’s digital insurance and telecom sectors.
According to a press release issued by the SECP on Wednesday, the strategic partnership between a leading digital insurer and a major digital operator is expected to boost insurance penetration, promote financial inclusion, and attract foreign investment into the country. The move reflects growing investor confidence in Pakistan’s evolving regulatory and digital landscape.
The SECP stated that its facilitation of the transaction aligns with its broader objective of fostering a transparent, efficient, and investor-friendly environment that supports both domestic and international investors. The approval process ensured strict compliance with regulatory requirements, sound corporate governance practices, and prudent management standards.
As part of its ongoing market development initiatives, the SECP is actively implementing structural reforms, including the recently introduced regulatory framework for digital-only insurers and microinsurers. These reforms aim to encourage innovation, expand access to affordable insurance products, and support the growth of technology-driven financial services.
Industry analysts believe that Jazz International’s entry into the insurance sector through TPL Insurance will accelerate the adoption of digital insurance solutions, enhance product offerings, and improve customer experience. The collaboration is also expected to leverage Jazz’s extensive digital ecosystem and customer base to widen insurance outreach across underserved segments.
The approval underscores the regulator’s commitment to enabling innovation, strengthening market competitiveness, and supporting sustainable growth in Pakistan’s financial services sector, paving the way for further strategic investments and partnerships.