KARACHI, August 6, 2025— The Federal Cabinet, on the recommendation of the Ministry of Commerce, appoints Mr. Shoaib Javed Hussain as the Chief Executive Officer of State Life Insurance Corporation of Pakistan (SLIC), for a further 3 years effective August 6, 2025.
The corporation has undergone a significant transformation, marked by innovation and significant growth, since Mr. Hussain took charge in March 2021. In just four years, SLIC has grown its market share, recording an extraordinary +300% increase in profit, a +181% surge in revenue growth, and a +100% increase in profit allocated to policyholders. Growth has been driven by accelerated digital transformation, the launch of innovative products, and enhancements in service delivery.
About Mr. Shoaib Javed Hussain
Mr. Shoaib Javed Hussain is a qualified actuary with an MSc in Actuarial Management from Bayes Business School, City University London, and is a Fellow of the Institute of Actuaries (UK). He has more than 20 years work experience across Europe, North America and Asia. Before joining SLIC in 2021, he held senior executive roles in institutions including AIA Group, Milliman, Prudential, EY, and HSBC. He also serves as Chairman of the Insurance Association of Pakistan and holds board positions at Sui Southern Gas Company, Pakistan Cables Limited, and Fauji Fertilizer Company.
About State Life Insurance Corporation of Pakistan (SLIC)
Established in 1972, the State Life Insurance Corporation of Pakistan (SLIC) has stood as a symbol of financial stability and reliability. As the country’s largest public sector life and health insurer, it has consistently maintained a AAA rating and remains a trusted institution for millions of Pakistanis. Backed by the Government of Pakistan, SLIC plays a central role in advancing national goals of financial security, social protection, and economic inclusion by providing accessible, reliable, and inclusive life and health insurance solutions to individuals, families, and businesses across Pakistan.
