PRCL Jobs 2026 – Head of Claims, Head of Retrocession & Head of Risk Management in Karachi, Apply by 16 November

PRCL Jobs 2026 – Quick Facts

Pakistan Reinsurance Company Limited, the country’s national reinsurance company under the Ministry of Commerce, has announced three senior department-head posts in Karachi: Head of Claims, Head of Retrocession and Head of Risk Management. The appointments are full-time and gratuity-based under the Monetized Salary Policy, and the advertisement (PID K 1441/26) gives candidates 15 days from publication to apply.

Last date to apply: 16 November 2026.

PRCL Vacancies at a Glance

PRCL itself publishes no salary figures and describes the package only as market-competitive. The pay ranges circulating with this round — roughly Rs. 500,000 to 800,000 a month for MSPS-8, Rs. 400,000 to 700,000 for MSPS-7 and Rs. 350,000 to 600,000 for MSPS-6 — are market estimates for these scales, not figures from the advertisement, and PRCL decides the actual pay under its own policy.

Eligibility Criteria – Head of Claims (MSPS-8)

Applicants can qualify through either of two routes. Option A: an Advanced Diploma in Insurance (ACI) with at least 6 years of experience in a general insurance or reinsurance company, a Takaful operator, or an insurance or reinsurance broker. Option B: a Master’s or Bachelor’s degree (16 years of education) in Insurance, Risk Management, Actuarial Science, Commerce, Economics or Finance from an HEC-recognised university, or a Chartered Property Casualty Underwriter (CPCU) or Diploma of the Chartered Insurance Institute (CII), with at least 8 years of experience in the same kinds of organisations. Experience in reinsurance or retakaful placements, underwriting or claims is preferred. The age limit is 50 years on the closing date.

Eligibility Criteria – Head of Retrocession (MSPS-7)

The same two routes apply, with a slightly shorter experience bar on the diploma route. Option A: an Advanced Diploma in Insurance (ACI) with at least 5 years of experience in a general insurance or reinsurance company, a Takaful operator, or an insurance or reinsurance broker. Option B: a Master’s or Bachelor’s degree (16 years of education) in Insurance, Risk Management, Actuarial Science, Commerce, Economics or Finance, or a CPCU or CII diploma, with at least 8 years of experience in the same sector. Experience in reinsurance or retakaful placements, underwriting or claims is preferred. The age limit is 50 years on the closing date.

Eligibility Criteria – Head of Risk Management (MSPS-6)

Option A: an Advanced Diploma in Insurance (ACI) with at least 6 years of experience in a general insurance company or Takaful operator, including at least 3 years in a Risk Management Department. Option B: a Master’s or Bachelor’s degree (16 years of education) in Insurance and Risk Management, Commerce or Finance, or a CPCU or CII diploma, with at least 8 years of experience in a general insurance company or Takaful operator, including at least 4 years in the Risk Management Department. The age limit is 50 years on the closing date.

PRCL Jobs 2026 – Important Dates

One honest note on the date: two independent listings agree on 16 November 2026, calculated as 15 days from the advertisement. A separate listing prints 15 November for the Retrocession post. To stay safe, treat 15 November as the working deadline and do not leave the application to the last day. One listing also places the Retrocession post in Islamabad, while the advertisement’s own round and the other listings place all three posts in Karachi, where PRCL’s head office sits — this post follows the Karachi reading and flags the difference here.

How to Apply for PRCL Jobs 2026

• Head of Claims: apply online on the National Job Portal at njp.gov.pk before the closing date.
• Head of Retrocession and Head of Risk Management: register and apply online on the Open Testing Service website at ots.org.pk (projects page), fill in the form and upload scanned educational documents, the front and back of your CNIC, your domicile certificate, experience letters and other relevant documents.
• OTS fee: pay the application fee through your banking app under 1-Bill Payment using the PSID shown in your OTS account. Pay only through this channel.
• Upload an updated CV, CNIC copy, academic degrees with transcripts and experience certificates.
• Track your roll number slip and test schedule on the OTS applicant portal. OTS helpline: 051-111-687-222, email info@ots.org.pk.

Terms and Conditions Applicants Should Know

• The appointments are full-time, gratuity-based and non-pensionable under the Monetized Salary Policy.
• Only shortlisted applicants are invited for interview, and no TA/DA is admissible.
• Original documents with HEC-verified testimonials are required at the interview.
• Applicants already working in the public sector must bring an NOC.
• PRCL may stop the hiring process at any stage without giving a reason.
• Any effort to influence the recruitment leads to disqualification, and applications not submitted as instructed will not be considered.
• PRCL is an equal opportunity employer.

Documents Checklist

• Updated CV.
• CNIC copy (front and back).
• Academic degrees and transcripts (HEC-recognised).
• Advanced Diploma in Insurance, CPCU or CII diploma, where claimed.
• Experience letters showing the required years in insurance, reinsurance, Takaful or broking.
• Domicile certificate.
• NOC for public-sector employees (at interview).
• OTS fee payment proof (PSID / 1Bill) for the two OTS posts.

Why Apply for PRCL Jobs 2026

PRCL is Pakistan’s only domestic reinsurer, so these are the most senior technical chairs in the country’s reinsurance market: the Head of Claims runs the claims function, the Head of Retrocession manages how PRCL passes part of its own risk on to other reinsurers, and the Head of Risk Management owns the company’s risk framework. The posts carry the Monetized Salary Policy scales MSPS-6 to MSPS-8, a market-competitive package, and a direct line into the leadership of a Ministry of Commerce organisation. For a senior insurance professional with 6 to 8 years in the sector, this is a rare opening — the company advertises department-head roles only occasionally, and the previous comparable round ran in late 2025.

PRCL Jobs 2026 – Frequently Asked Questions

What is the last date to apply for PRCL jobs 2026?

16 November 2026, within fifteen days of the advertisement. Because one listing prints 15 November for the Retrocession post, apply by 15 November to be safe.

Where do I apply for each PRCL position?

Head of Claims applies on the National Job Portal (njp.gov.pk). Head of Retrocession and Head of Risk Management apply on OTS (ots.org.pk).

What qualification is required for Head of Claims at PRCL?

Either an Advanced Diploma in Insurance with 6 years of experience, or a 16-year degree in a relevant field, a CPCU or a CII diploma with 8 years of experience, in general insurance, reinsurance, Takaful or broking.

How much experience is needed for Head of Risk Management?

With an ACI, 6 years including at least 3 years in a Risk Management Department. With a degree, CPCU or CII, 8 years including at least 4 years in a Risk Management Department.

Are these PRCL jobs permanent with a pension?

No. The appointments are full-time, gratuity-based and non-pensionable under the Monetized Salary Policy.

What is the age limit for PRCL jobs?

Not more than 50 years as of the closing date, for all three positions.

Fraud warning: PRCL accepts applications only through the National Job Portal (njp.gov.pk) for Head of Claims and through OTS (ots.org.pk) for the other two posts, with the OTS fee paid only through 1-Bill using your PSID. Nobody from PRCL will ask for money on WhatsApp or through an agent. Never pay any person who promises a PRCL job.