SECP to facilitate information sharing mechanism for health insurance sector

ISLAMABAD, Apr 29 (APP): The Securities and Exchange
Commission of Pakistan (SECP) is contemplating expanding the
scope of Centralized Information Sharing Solution for Life Insurance Industry (CISSII) to include the register for the group health insurance claims experience.

In this regard, the SECP has solicited the comments and
suggestions of the life and non life insurance companies so as to finalize the extent and frequency of the information which will be shared on the health register.

Currently, there is no information sharing mechanism for
group health insurance claims because of which, insurers have difficulty in making pricing and underwriting decisions in respect of group health insurance business.