VEON and JazzWorld Acquire TPL Insurance to Expand Digital Insurance Access Across Pakistan
VEON's subsidiary Jazz International Holding Limited completed the acquisition of a 76.33% controlling stake in TPL Insurance for approximately PKR 4.55 billion (~USD 16.4 million). The deal integrates TPL Insurance, an AA-rated digital insurer with over 277,000 policies, into the JazzWorld ecosystem which serves more than 100 million customers alongside JazzCash and Mobilink Bank.
Key figures
- Deal Value Usd
- 16400000
- Gwp pkr
- PKR 5.7 billion
- Gwp usd
- ~USD 20.6 million
- Policies issued
- more than 277,000
- Stake acquired pct
- 76.33%
- Ecosystem customers
- more than 100 million
AI analysis
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