Embracing new technology, tools must for development: President Alvi.

PESHAWAR -- President Arif Alvi on Thursday said that trust and confidence of people in the insurance system is a must for a stable economy and prosperity of the country.

He was speaking as chief guest at a seminar titled 'Role of Federal Insurance Ombudsman in provision of effective justice' organized by Federal Insurance Ombudsman at Governor House Khyber Pakhtunkhwa.

Among other distinguished participants, the seminar was attended by Speaker KP Assembly and Acting Governor, Mushtaq Ahmed Ghani and Federal Insurance Ombudsman, Dr. Muhammad Khawar Jameel.

The President said that steps should be taken to increase the ratio of insurance in GDP for which educating people and building their confidence on insurance is very essential for a vibrant economy.

He said that alternation dispute resolution system (ADP) is the best efficient system adopted by the Federal Insurance Ombudsman to provide quick justice to insurance policy holders and resolve their monetary disputes instantly.

He said that as a parliamentarian from 2013-2018, he worked hard to evolve ADR system for the benefit of people as tens of thousands of cases were pending in courts...