Habib Insurance Partners with Prima Consulting for Delta IFRS 17 Software Implementation
Habib Insurance is set to elevate its financial reporting by adopting Prima Consulting's Delta IFRS 17 software, ensuring seamless compliance with global standards and enhancing transparency across the board.
- (1888PressRelease) December 06, 2025 - Karachi, Pakistan - Habib Insurance, a respected name in Pakistan's insurance industry, has partnered with Prima Consulting to implement its Delta IFRS 17 software.
This collaboration highlights Habib Insurance’s dedication to meeting new regulatory standards and improving its financial reporting capabilities.
By adopting Prima Consulting's Delta IFRS 17 software, Habib Insurance is taking a significant step forward in the insurance sector.
This partnership will help the company align with the global IFRS 17 standard, which brings substantial changes to how insurance contracts are reported.
With the SECP mandating IFRS 17 compliance by January 1, 2026, Habib Insurance is positioning itself as a leader in financial transparency and regulatory compliance.
This partnership will help the company align with the global IFRS 17 standard, which brings substantial changes to how insurance contracts are reported.
The Delta IFRS 17 software is designed to meet the specific needs of Pakistan's insurance industry. It handles everything from generating underlying cashflows to calculating reserves and adjusting for risk.
The software also integrates seamlessly with existing accounting systems, ensuring complete and accurate financial reporting, including all relevant general ledger entries.
The Delta IFRS 17 software is designed to meet the specific needs of Pakistan's insurance industry. It handles everything from generating underlying cashflows to calculating reserves and adjusting for risk.
This comprehensive IFRS 17 solution not only addresses insurance accounting but also ensures compliance with stringent insurance standards.
The signing ceremony took place at the historic P&O Plaza office of Habib Insurance, which has been recently renovated while preserving its original charm.
A group of six individuals, with their faces obscured for privacy, are present in a formal setting for a signing ceremony. Two individuals are seated at a table in the foreground, each signing a document, symbolizing the commencement of a partnership. Four individuals stand behind them, representing support and unity between the two organizations involved. The setting appears professional and is indicative of an important corporate event.
Syed Ather Abbas, CEO
Shabbir Gulamali, Executive Director
Murtaza Hussain, CFO
Sumar Sayani, Director AI & Technology
Ibrahim Ahmed Zahidie, Director Advisory & Transformation
Shabih Ahmed Arif, Director Actuarial services
This collaboration is expected to significantly enhance Habib Insurance's market presence. The integration of Prima Consulting's Delta IFRS 17 software will not only help meet regulatory requirements but also boost financial transparency, giving Habib Insurance a competitive advantage.
As a result, Habib Insurance will be well-equipped with advanced tech solutions and digital products to navigate the complexities of the evolving insurance landscape.
Executives from Habib Insurance and Prima Consulting stand together during a historic partnership agreement to implement Delta IFRS 17 software, marking a significant step towards financial transparency and regulatory compliance in Pakistan’s insurance sector. The collaboration aims to enhance Habib Insurance’s market presence and equip it with advanced tech solutions.
About Habib Insurance
Founded in 1942 by the Habib Family, Habib Insurance is Pakistan's oldest and most established insurance company.
Known for its strong foundation of integrity and trust, the company offers a wide range of insurance products for individuals and businesses.
With a reputation for swift claims settlement and tailored insurance policies, Habib Insurance has always stood by its clients, ensuring they get the support they need during difficult times.
As part of the globally recognized Habib Group, the company continues to lead the way in Pakistan’s insurance sector.
About Prima Consulting
Prima Consulting is a leading financial and risk management consultancy, serving businesses across the Middle East, North Africa, and Pakistan.
With a team of seasoned experts offering over 50 years of combined experience, Prima Consulting provides tailored solutions in consultancy, technology, and managed services.
The firm is known for its practical insights and proven success in helping clients tackle challenges like IFRS 17 compliance, optimizing their operations, and ensuring robust financial management.
Their IT solutions, including the Delta IFRS 17 tool, are specifically designed to meet the unique needs of the insurance industry, making them a top choice for businesses aiming to thrive in today’s competitive environment. Visit Prima Consulting Website: https://primaconsulting.org/
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