Dynamics of the Insurance Paradigm Analysis in Pakistan: An Evidence of Leading Islamic, Public and Private Insurers

This paper explores the dynamics of general insurance paradigm throughout six different companies, NICL (National Insurance Company), EFU (Easter Federal Union), Adamjee, Jubilee General Insurance, Salaam Takaful Limited, and Pak-Qatar Takaful, in developing economy Pakistan from 2012 to 2021. To examine collective long-run outcomes, Pedroni Kao tests were taken measure impact public private corporate entities as well cause-and-effect relation each regressor on dependent variable solvency ratio, Granger causality Pooled Mean Group-Autoregressive Distributed Lag (PMG-ARDL) model have been used. According estimated it has deliberately observed that except for claim all other explanatory variables positively influence ratio. In future, this will be help out researcher, practitioners, sector consumer demand service quality issues under conventional Islamic well.