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
At SIB, our team is focused on a series of ambitious targets for the next five years.
We remain committed to strengthening our core business model, while advancing its transformation towards new and more innovative solutions to create additional value for our customers. As a business, we understand that progress and success are a result of determination to move forward in the face of uncertainties. This is the need of the hour in light of various challenges Pakistan is going through.
We believe that taking risks is essential to achieving growth and development. Unfortunately, in Pakistan, many risks – including natural catastrophes, climate change, an ageing population, and cybercrime – remain uninsured. SIB is determined to address this challenge, to ultimately impact the lives of individuals nationwide.
We are proud to be leaders in a challenging industry and are guided by our company’s core principles – to Scale, Shape, and Succeed.
Scale represents growth in our core business and expansion into new markets. This requires our investment in modern technologies, people, and infrastructure to deliver superior service and value to our clients which they expect from us, and deserve.
Shape encompasses our commitment to developing innovative business models that cater and adapt to the evolving needs of each of our clients. We are constantly exploring new ideas and opportunities to expand our offerings and increase insurance penetration in Pakistan.
Succeed symbolises our commitment to creating real value for all of our various stakeholders. We strive to provide our clients with highly customised solutions that meet their specific needs. Our staff benefits from excellent career prospects, training, and development opportunities. Insurers and reinsurers alike benefit from working with a reliable and trusted partner in SIB.
We invite you to join us on our exciting journey, and to witness our role in transforming the insurance industry of Pakistan.
Chief Executive Officer