Jazz International Holding Limited, a UAE-based subsidiary of VEON, has signed an agreement to acquire a controlling stake in TPL Insurance Limited, a publicly listed Pakistani insurance company, for around Rs4.15 billion.
Jazz International to acquire TPL insurance to boost digital insurance in Pakistan
ISLAMABAD, Mar 07 (APP):Jazz International Holding Limited, a UAE-based subsidiary of VEON, has signed an agreement to acquire a controlling stake in TPL Insurance Limited, a publicly listed Pakistani insurance company, for around Rs4.15 billion.
TPL Insurance is a digital-first provider offering auto, health, fire, and property insurance through its strong distribution network. The company reported a Gross Written Premium (GWP) of Rs5.7 billion and over 277,000 policies issued as of December 31, 2025.
Rated AA and recognized as a leading InsurTech player in Pakistan, TPL Insurance operates on a fully digital model, enabling scalable, technology-driven insurance solutions.
“The acquisition of TPL Insurance is a key step in building a digital services ecosystem that expands financial inclusion in Pakistan,” said JazzWorld CEO Aamir Ibrahim. “By integrating insurance with our broader digital financial services, including JazzCash, Mobilink Bank, and FikrFree, we aim to provide millions of Pakistanis with financial protection, not just payment services.”
He added, “Pakistan remains significantly underinsured, and digital platforms offer a strong opportunity to bridge this protection gap. Together with TPL Insurance, we plan to scale modern, affordable, and accessible insurance solutions designed for Pakistan’s growing digital population.”
The deal is expected to close in the second quarter of 2026, subject to regulatory approvals. It is also awaiting clearance from the Competition Commission of Pakistan (CCP).
