ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) held a roundtable on group health insurance to facilitate the development of an information-sharing mechanism among insurance companies engaged in health insurance.

The roundtable was held at the SECP head office, while the participants from Karachi joined in through video-link.

More than 20 participants from the life and non-life insurance companies, which are underwriting the business of group health insurance and representatives from the Central Depository Company (CDC) attended the roundtable and compared notes on information sharing regarding health insurance.

The SECP explained the rationale behind the idea of information sharing in respect of health insurance, stating that industry-wide sharing of information will enable insurers to benefit from the claims experience of health risks and will help insurers in underwriting and pricing of risks leading to improvement in top and bottom lines of the insurers.

The CDC representative gave a presentation on the robustness of architecture of the proposed information sharing solution and assured the roundtable participants regarding the security and confidentiality of the shared information. —PR