SIB has specified a series of bold targets for the next five years. We aim to retain and bolster our core business model, while advancing its transformation towards new business models.
People succeed and businesses expand due to sheer determination to move forward despite the uncertainties we face. Risk-taking is vital for humanity to progress. Today 75% of the risks whether they are natural catastrophes or climate change, aging population or cybercrime – remain uninsured in Pakistan. SIB aims to change that!
We are after-all in a risky business!
SIB will unfurl in accordance with the three guiding principles of Scale, Shape, and Succeed.
Scale, the first pillar in the triad, represents growth in the SIB’s core business. There are opportunities for organic growth plus many expansion opportunities. This will necessitate the ongoing modernisation of its IT infrastructure, and investment in technologies.
Shape stands for SIB’s mission to develop new business models that span the entire value chain, in turn bring awareness of insurance and its importance to the insuring public, thus contribute towards penetration. This will require continual scrutiny of innovative ideas and their scalability.
Succeed symbolises the added value that SIB will generate for all its stakeholders. Clients benefit from bespoke products. Insurers & reinsurers benefit from dealing with professionals (not cowboys!). For staff, Succeed connotes appealing long-term employment and good career prospects.
Please do visit us from time to time to learn more!
THE SLEEPING GIANT HAS AWOKEN!
Chief Executive Officer