SECP, RCCI push fire, property insurance uptake among traders

November 12, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has held an awareness session on fire and property insurance in collaboration with the Rawalpindi Chamber of Commerce and Industry (RCCI), to stress the need for businesses to protect their assets against fire-related risks and financial losses.

The session was held at the RCCI premises and brought together members of the business community, traders and industrialists.

Participants discussed the financial impact of fire incidents and the role of insurance in protecting commercial properties, machinery, equipment and inventory, said a press release issued.

Discussions highlighted that fire incidents can cause not only property damage but also business interruption, loss of income and disruption of livelihoods.

Participants were encouraged to adopt effective fire prevention and safety measures and to obtain adequate insurance cover against unforeseen losses.

Representatives of the insurance industry explained fire and property insurance coverage, key policy considerations, available protection options and the claims settlement process.

The session also covered Takaful as a Shariah-compliant alternative to conventional insurance, and underlined the importance of business interruption cover in helping firms recover financially after insured losses.

An interactive question-and-answer segment let participants seek clarification on insurance and Takaful products, coverage options and claims-related matters.

The session formed part of SECP’s efforts to raise awareness and uptake of fire and property insurance among businesses, particularly small and medium-sized enterprises (SMEs), and to encourage greater financial preparedness and business continuity.

Copyright Mettis Link News