Insurance Law

At Kilam Law, we provide comprehensive legal counsel on both contentious and non-contentious insurance matters. Our team offers expert advice on a wide range of issues related to insurance products, regulatory compliance, and underwriting processes. We also have extensive experience assisting insurance companies in navigating the regulatory landscape, including handling matters such as show-cause notices and appeals before Pakistan's Securities and Exchange Commission (SECP). We are well-versed in the evolving insurance regulations, SECP guidelines, and takaful frameworks, ensuring our clients remain fully compliant.

We specialize in providing tailored guidance on both conventional insurance and takaful products, ensuring that our clients receive strategic solutions that meet their unique needs. Our services extend to advising insurance companies, brokers, and financial institutions on regulatory compliance, licensing, risk management, and corporate governance.

Additionally, we offer legal expertise in areas such as insurance product structuring, underwriting policies, and cross-border regulatory issues. Our team assists with licensing approvals, regulatory filings, responding to show-cause notices, and handling corporate transactions like mergers, acquisitions, and portfolio transfers. Whether structuring new insurance products, ensuring compliance with Pakistan’s insurance laws, or advising on anti-money laundering ("AML") requirements, we provide proactive, customized solutions to mitigate legal risks and support our clients' business objectives.

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‍Notable matters

• Advised an insurance company on a PKR20.5 billion dispute regarding insurance claims and return of premium emanating from index based insurance in respect of agricultural land.
• Represented an insurance company in a PKR200 million insurance guarantee dispute before the Islamabad High Court, Islamabad and the National Accountability Bureau in Quetta.
• Advised an United Kingdom based law firm as a Pakistani law expert witness in a claim relating to aviation insurance before the Court in England.
• Advised two insurance companies on a proposed merger and represented before the Competition Commission of Pakistan in the course of first phase review and grant of merger approval.
• Advised and represented an Insurance Company before the Insurance Tribunal and the Lahore High Court against IGI Insurance in a claim pertaining to export credit insurance.
• Assisted a leading insurance provider in responding to a show-cause notice issued by SECP, ensuring full compliance with regulatory requirements.
• Advised a global insurance firm on Pakistan’s regulatory framework for introducing new insurance and takaful products.
• Provided legal expertise on underwriting and policy structuring for a major export credit insurer operating in Pakistan.