VEON subsidiary to acquire controlling stake in TPL Insurance

Dubai-based VEON’s subsidiary Jazz International Holding (JIH) has agreed to get a controlling involvement successful Pakistan-based TPL Insurance.

The acquisition represents an enlargement of VEON’s integer fiscal services activities successful Pakistan.

The institution expects the transaction to beryllium completed successful mid-2026, taxable to regulatory approvals.

Under the presumption of the agreement, JIH volition get the controlling involvement for astir PKR4.15bn ($14.6m).

The woody volition besides necessitate support from the Competition Commission of Pakistan.

JazzWorld CEO Aamir Ibrahim said: “The acquisition of TPL Insurance marks an important measurement successful our ngo to physique a broad integer services ecosystem that expands fiscal inclusion successful Pakistan.

“By integrating security into our broader integer fiscal services portfolio, including JazzCash, Mobilink Bank and FikrFree, we are creating caller ways for millions of Pakistanis to entree fiscal protection, not conscionable payments.”

TPL Insurance operates arsenic a digital-first security supplier successful the country.

The institution offers products including auto, health, occurrence and spot security done its organisation web and holds a wide insurer licence.

As of 31 December 2025, TPL Insurance reported gross written premiums of PKR5.7bn and had issued much than 277,000 policies.

VEON said the acquisition is aimed astatine supporting the improvement of an integrated integer fiscal services ecosystem and expanding fiscal inclusion successful Pakistan.

Commenting connected the acquisition, VEON said: “As an AA-rated insurer and Pakistan’s premier InsurTech, TPL Insurance continues to fortify its presumption done a afloat integer operating exemplary that supports scalable, exertion driven security solutions.”

"VEON subsidiary to get controlling involvement successful TPL Insurance" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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