Service overview
Insurance brokerage is a separate intermediary activity rather than an insurance-risk underwriting licence.
A company certificate does not itself authorise a regulated business. Depending on the activity, SECP may require prior formation permission, incorporation, a separate operational licence, and continuing financial and fit-and-proper compliance.
Who is eligible for Insurance Broker Licensing?
Applicants must meet insurance broker eligibility, professional competence, financial security and conflicts requirements.
Only an appropriately formed company satisfying insurance broker eligibility, professional competence, statutory deposit and professional indemnity requirements may undertake the broker's regulated functions.
Documents and information for Insurance Broker Licensing
Prepare the following information for insurance broker licensing. The relevant regulator may require further forms or certified evidence, depending on the applicant and chosen procedure.
- Brokerage plan
- Ownership and managers
- Professional licences and qualifications
- Required security/coverage
- Placement and compliance procedures.
How can I obtain Insurance Broker Licensing in Pakistan?
- 01Confirm insurance-broker corporate qualification
Only a company may hold an insurance broker licence; verify required paid-up capital, professional indemnity and statutory deposit under SECP's current guide.
- 02Assemble rule 102 broker licensing disclosures
Prepare all directors and shareholders above the prescribed threshold, other activities, registered office, professional qualifications and mandatory declarations.
- 03Apply to SECP with signed corporate declaration
The insurance broker application and declaration must meet Insurance Ordinance section 102 requirements and be signed as prescribed.
- 04Operate within broker conditions
Keep professional indemnity, deposits, qualifications and annual renewal/current obligations.
Regulator resource: SECP insurance broker eligibility and application
After registration or approval
Maintain client disclosures, professional indemnity where required, records and renewals.
Governing law & official references
Insurance Ordinance, 2000, applicable insurance intermediary/insurance company regulations and Takaful rules where relevant.
The links below lead to government or official regulatory sources relevant to this service. Use the currently consolidated Act, regulations, statutory checklist and official portal when making an application.
How Chambers can assist
Chambers can review the legal route, identify regulatory constraints, prepare or review the supporting corporate and legal documents, manage the prescribed submission and correspond with the competent authority where instructed. The scope of the engagement will be determined by the applicant’s particular circumstances.
For an initial enquiry, identify the proposed activity, applicant entity and current stage, and provide the available documents indicated above. Please avoid sending confidential or identity-sensitive records through an unencrypted first contact.
Common questions about Insurance Broker Licensing
Who is eligible for Insurance Broker Licensing in Pakistan?
Applicants must meet insurance broker eligibility, professional competence, financial security and conflicts requirements.
What documents are needed for Insurance Broker Licensing?
Brokerage plan; Ownership and managers; Professional licences and qualifications; Required security/coverage. Additional requirements can apply to the actual business or regulator.
How can I obtain Insurance Broker Licensing in Pakistan?
Confirm insurance-broker corporate qualification: Only a company may hold an insurance broker licence; verify required paid-up capital, professional indemnity and statutory deposit under SECP's current guide. Assemble rule 102 broker licensing disclosures: Prepare all directors and shareholders above the prescribed threshold, other activities, registered office, professional qualifications and mandatory declarations. Apply to SECP with signed corporate declaration: The insurance broker application and declaration must meet Insurance Ordinance section 102 requirements and be signed as prescribed. Operate within broker conditions: Keep professional indemnity, deposits, qualifications and annual renewal/current obligations.
This guide is general information, not advice on your facts. Check the applicable law, notifications, updated regulator checklists and jurisdiction before acting. The authority alone determines eligibility, acceptance and approval; no outcome or processing period is guaranteed.