Veon, JazzWorld enter agreement to acquire controlling stake in TPL Insurance

VEON (VEON) announced that its subsidiary Jazz International has entered into a definitive agreement to acquire a controlling stake in TPL Insurance, a publicly listed insurance firm in Pakistan. The transaction, which marks a new milestone for VEON’s growing digital financial services portfolio in one of its most dynamic growth markets, is expected to close in mid-2026, subject to regulatory approvals. “The acquisition of TPL Insurance marks an important step in our mission to build a comprehensive digital services ecosystem that expands financial inclusion in Pakistan. By integrating insurance into our broader digital financial services portfolio, including JazzCash, Mobilink Bank, and FikrFree, we are creating new ways for millions of Pakistanis to access financial protection, not just payments,” said Aamir Ibrahim, Chief Executive Officer of JazzWorld. “Pakistan remains significantly under-insured, and digital platforms provide a powerful opportunity to close this protection gap. Together with TPL Insurance, we look forward to scaling modern, technology-driven insurance solutions that are accessible, affordable and designed for the needs of Pakistan’s growing digital population.”