Azfar Arshad elected Chairman IAP

Mr Azfar Arshad has been elected Chairman, Mr Babar Mahmood Mirza, Senior Vice-Chairman and Mr Ali Haider Vice-Chairman of the Insurance Association of Pakistan (IAP) for 2021-22.

Mr Altaf Q. Gokal, Mr Faisal Khan, Mr M. Faisal Siddiqui, Mr Ihtsham Ul Haq Qureshi, and Syed Kazim Hasan were elected as Members of the E.C. Whereas, Mr Farhan Akhtar Faridi, Mian Kashif Rashid and Mr Mohammed Ali Ahmed will continue for another year to complete their term. Mr Shabbir Gulamali will serve the Committee as an Ex-Officio member.

Mr Azfar Arshad is the Chief Operating Officer at Jubilee General Insurance. He holds an MBA in Finance (IBA, Karachi) and B.E. (Mechanical) degree from NED with 26 years in the general insurance industry. He has rich experience in risk management, underwriting, branch operations and new product development.

He has also chaired the Property and General Accident Technical Committees of the Insurance Association of Pakistan and was responsible for launching the industry’s first online Motor theft and total loss claim repository – IAP’s Claim Management System (CMS).

He was the central figure in the team, which developed the Crop Loan Insurance Framework put in place by the State Bank of Pakistan. He was also a member of the SBP Taskforce for the National Crop Insurance Scheme and Livestock loan insurance framework. He played a pivotal role in Pakistan’s crop loan insurance scheme and was part of the task force with the detailed framework.

(We regret affixing the wrong photo with this news earlier.)

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