Home TPL Insurance Ltd. TPL Insurance Ltd. In brief Incorporated in Pakistan in 1992, TPL Insurance is Pakistan's 6th largest non-life insurer. It targets retail customers with simple, innovative, and need-based products with digitally evolved systems. Having its cornerstone in motor insurance, it provides a complete range of insurance solutions across the non-life insurance product spectrum, including agri insurance products that help to strengthen the financial security of underserved farmers. Finnfund’s equity investment in TPL helps to support the expansion of Pakistan’s nascent insurance industry, which plays an important role in closing the protection gap. Main development impact Insurance plays a critical role in achieving the sustainable development goal of No Poverty. The investment, which supports expanding the underdeveloped insurance industry in Pakistan, is likely to deliver significant development impacts. TPL is a pioneer in Pakistan in developing online insurance services. The company targets socioeconomic groups from low to high income. New service channels and products will allow access to insurance for those previously underserved.TPL has recently launched an agri insurance (crop and livestock) scheme. Considering climate risks are high in Pakistan and the agricultural sector’s significance in the economy, insurance responding to the increasing risks is critical to climate change adaptation. The company is willing to commit to meeting at least one of the 2X eligibility criteria, and it has already put in place specific measures to provide a quality workplace for women: daycare, training programme, and aim to increase female leadership. Investment details Name: TPL Insurance Ltd. Project number: 80000354 Region: Asia Country: Pakistan Sector: Financial institution Signing date (month/year): April 2022 Currency: USD Finnfund's financing (commitment): 3,000,000 Instrument: Loan Size of the project financing: EUR 3,000,000 Share of Finnfund's financing (%): 100 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.April Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: TPL Insurance Ltd. Sector: Financial institution Region: Asia Country: Pakistan Currency: USD Finnfund's financing (commitment): 3,000,000 Signing date (month/year): April 2022 Last update: 10 December 2024