HRC: Ammar Habib on Upgrading Insurance in Pakistan

"Right now, the problem with insurance globally is that it's post-mortem. It's that something bad has happened and how much we need to pay you.
But how do you take different services in helping you reduce the risk of it happening? Or in managing the risk or the incident while it's happening?
That's the gap I found in the insurance advisory and brokerage space."
Ammar Habib, CEO of Habib Risk Consultants, is a fifth-generation entrepreneur, setting out to drive innovation in the insurance industry.
His inclination towards entrepreneurship runs in the Habib Family, whose immense contributions to Pakistan’s economy pre-date the country’s independence.
His company, Habib Risk Consultants, is an insurance brokerage and advisory firm helping businesses optimize their risk and insurance protection using technology and analytics.
We spoke with Ammar about the role of insurance brokerage, misconceptions about the insurance sector in Pakistan, and the untapped potential in this industry.