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Financial Performance of Pakistan Insurance Industry in Global Scenario

Author

Listed:
  • Dr. Waheed Akhter

    (Assistant Professor, Department of Management Sciences, COMSATS Institute of Information Technology, Lahore, Pakistan)

  • Muhammad Zia-ur-Rehman

    (Lecturer, Management Sciences Department, National University of Modern Languages, Islamabad, Pakistan)

Abstract

This research paper analyzes the financial performance of Pakistan insurance industry during the period 2001-2005 in an attempt to assess future growth and potential. Though the growth of Pakistan insurance industry is satisfactory, yet insurance comparison with advanced as well as under-developed countries signifies abysmal low insurance penetration in the country. Performance of Pakistan insurance industry has been analyzed from two perspectives. Insurance comparison with advanced as well as under-developed countries and comparing Pakistan’s share to the world insurance market and through Regional comparison showing insurance density and penetration of selected Asian countries. The paper identifies some key economic indicators that are essential to create demand for insurance and contribute towards achieving long-term prosperity and sustainable economic development of the country.

Suggested Citation

  • Dr. Waheed Akhter & Muhammad Zia-ur-Rehman, 2011. "Financial Performance of Pakistan Insurance Industry in Global Scenario," Far East Journal of Psychology and Business, Far East Research Centre, vol. 3(1), pages 1-14, May.
    • Handle: RePEc:fej:articl:v:3b:y:2011:i:1:p:1-14
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    Citations

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    Cited by:

    1. Melis Ercan & Emrah Onder, 2016. "Ranking Insurance Companies in Turkey Based on Their Financial Performance Indicators Using VIKOR Method," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(2), pages 104-113, April.

    More about this item

    Keywords

    Insurance industry; financial performance; potential; insurance penetration; insurance comparison; geographical spread; GDP; GDI;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

    Statistics

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