VEON and OneWeb partner to extend digital services in emerging markets, including Pakistan 

VEON Group CEO, Kaan Terzioglu (L) and OneWeb CEO, Neil Masterson (R) announcing the partnership at Mobile World Congress, Barcelona, on March 1, 2023. (Photo courtesy: VEON)
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Updated 02 March 2023
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VEON and OneWeb partner to extend digital services in emerging markets, including Pakistan 

  • VEON spokesperson says online services in Pakistan would primarily focus on disaster communications when fiber lines are cut
  • Says OneWeb service would have enabled temporary cells to be created to assist displaced people in Pakistan during floods last year

KARACHI: VEON Ltd, a global digital operator that provides converged connectivity and online services, and OneWeb, the low Earth orbit (LEO) satellite communications company, announced on Wednesday they are partnering to provide extended mobile Internet connectivity and digital services in emerging markets, including Pakistan.

VEON Group’s operating companies serve a vast geography, including countries that have some of the lowest population densities in the world, uneven population distribution, internal migration patterns, rich economic resources in remote areas, and disaster-prone regions like Pakistan.

According to a statement issued by VEON on Wednesday, the OneWeb partnership will further support the group’s “4G for all” and “humanitarian connectivity” focus, which has seen its operating companies significantly increase their 4G coverage over the past two years. The initiative, as per the statement, has helped bridge the digital divide for millions of users, respond to disasters, and unlock economic growth in their markets.

“VEON, a global digital operator that provides converged connectivity and online services, and OneWeb, the low Earth orbit (LEO) satellite communications company, announced today at the Mobile World Congress that they are partnering to provide extended mobile Internet connectivity and digital services in emerging markets,” the statement said.

“The use in Pakistan would primarily be for disaster communications when fiber lines are cut and temporary backhaul needs to be established,” a spokesperson for VEON told Arab News.

The company said a good example would have been last year’s floods in Pakistan, where OneWeb service would have enabled temporary cells to be created to assist millions of displaced people.

In 2022, devastating floods in Pakistan killed more than 1,700, displaced 33 million people, and destroyed swathes of agricultural land, leaving the cash-strapped country with an estimated loss of $30 billion. 

Telecom and Internet services were suspended during the cataclysmic floods in Pakistan’s northwestern Khyber Pakhtunkhwa province and southwestern Pakistan, which hampered rescue operations.

The statement further added that OneWeb’s services, with their substantive capabilities to deliver high-speed, low-latency connectivity to governments, businesses, and communities, can work seamlessly with mobile communication infrastructure to enable satellite backhaul to be integrated into mobile networks. 

OneWeb additionally enables operators to expand 3G, 4G, LTE, and 5G networks into underserved or unconnected communities, particularly those in hard-to-reach places.
 


Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

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Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

  • SECP rolls out SMS-based Life Insurance Policy Finder, orders insurers to join Motor Insurance Repository
  • The regulator says centralized data will help authorities verify coverage, reduce long-unclaimed benefits

KARACHI: Pakistan’s securities regulator on Monday announced two digital initiatives aimed at overhauling how insurance data is stored and accessed, in a push to strengthen enforcement, improve transparency and make it easier for citizens to trace insurance coverage.

The Securities and Exchange Commission of Pakistan (SECP) announced in two separate statements it had introduced a nationwide Life Insurance Policy Finder to help families identify policies held by deceased relatives. It also directed all non-life insurers to join a centralized Motor Insurance Repository (MIR).

Both systems, developed with the Central Depository Company (CDC), seek to address longstanding gaps in a sector where weak records, low compliance and limited data-sharing have left motorists, policyholders and beneficiaries without reliable recourse.

“The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Central Depository Company of Pakistan Limited (CDC) and the Insurance Association of Pakistan (IAP), has introduced the Life Insurance Policy Finder Service,” it said in one of the statements. “This initiative is designed to facilitate the general public in locating life insurance policies of deceased loved ones.”

“The service addresses a long-standing challenge faced by families who remain unaware of life insurance policies held by their deceased relatives,” it added. “This lack of awareness often results in legitimate claims and benefits remaining unclaimed for years.”

The SECP said the initiative aims to strengthen consumer protection, promote transparency and provide structured and secure access to insurance benefits for rightful heirs and beneficiaries.

Under the new policy-finder service, which goes live on Dec. 15, individuals can send the CNIC number of the deceased via SMS to 99833.

If a policy exists, the relevant insurer will contact the beneficiary to verify details and guide them through the claims process. Life insurers and family takaful operators have also been instructed to participate fully and respond to queries within set turnaround times.

Separately, on the motor insurance side, all non-life insurers underwriting vehicle policies are required to sign a service-level agreement with the CDC within 60 days and begin uploading complete and validated policy data to the MIR.

The repository will allow provincial and federal authorities to verify third-party insurance coverage, a requirement that exists on paper but remains loosely enforced nationwide.

The SECP said the measures form part of its broader effort to promote digital transformation, improve compliance and safeguard consumer interest.

“A centralized and validated data repository will allow authorities to verify insurance coverage efficiently, addressing significant gaps in compliance,” it added.