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VEON's JazzWorld acquires majority stake in Pakistan's TPL Insurance to boost digital insurance access.

Company Fundamentals
14 Jul 2026
GlobeNewsWire
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Bullish
pluang ai news

VEON Ltd.'s subsidiary Jazz International Holding Limited has acquired a 76.33% controlling stake in TPL Insurance Limited, a leading digital insurer in Pakistan, for about USD 16.4 million. This acquisition integrates insurance into VEON's digital ecosystem, which already serves over 100 million customers through platforms like JazzCash and Mobilink Bank. The move aims to expand digital financial services and increase insurance penetration in Pakistan, a market with less than 1% insurance penetration. VEON and JazzWorld plan to leverage TPL Insurance's technology and expertise to make insurance more accessible and affordable nationwide, supporting long-term growth in the underinsured market.

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