Dubai-based VEON’s subsidiary Jazz Worldwide Holding (JIH) has agreed to accumulate a controlling stake in Pakistan-based TPL Insurance coverage.
The acquisition represents an enlargement of VEON’s digital monetary providers actions in Pakistan.
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The corporate expects the transaction to be accomplished in mid-2026, topic to regulatory approvals.
Underneath the phrases of the settlement, JIH will purchase the controlling stake for round PKR4.15bn ($14.6m).
The deal can even require approval from the Competitors Fee of Pakistan.
JazzWorld CEO Aamir Ibrahim mentioned: “The acquisition of TPL Insurance coverage marks an essential step in our mission to construct a complete digital providers ecosystem that expands monetary inclusion in Pakistan.
“By integrating insurance coverage into our broader digital monetary providers portfolio, together with JazzCash, Mobilink Financial institution and FikrFree, we’re creating new methods for thousands and thousands of Pakistanis to entry monetary safety, not simply funds.”
TPL Insurance coverage operates as a digital-first insurance coverage supplier within the nation.
The corporate affords merchandise together with auto, well being, fireplace and property insurance coverage via its distribution community and holds a basic insurer licence.
As of 31 December 2025, TPL Insurance coverage reported gross written premiums of PKR5.7bn and had issued greater than 277,000 insurance policies.
VEON mentioned the acquisition is aimed toward supporting the event of an built-in digital monetary providers ecosystem and increasing monetary inclusion in Pakistan.
Commenting on the acquisition, VEON mentioned: “As an AA-rated insurer and Pakistan’s premier InsurTech, TPL Insurance coverage continues to strengthen its place via a totally digital working mannequin that helps scalable, know-how pushed insurance coverage options.”
