SLIC sign MOU with Dante Genomics

F.P. Report

ISLAMABAD: State Life Insurance Corporation of Pakistan (SLIC), the largest life and health insurer in the country, signed a Memorandum of Understanding with Dante Genomics, a global leader in genomics and precision medicine, to provide data-driven and genomics-based solutions to enhance the overall health of Pakistanis.

The occasion was graced by the Honorable Minister for Commerce, Syed Naveed Qamar and the MOU was signed by SLIC’s senior representative, Muhammad Izqar Khan (Executive Director), and Co-founder/ CEO of Dante Genomics, Andrea Riposati. The event was graced by Foreign Delegates from Italy including Generoso Ianniciello of Dante Genomics and Managing Director of Dante Genomics, Yasir Bajwa, along with representatives from SLIC.

Quote by SLIC – “SLIC’s vision to enhance digitalization to improve policyholder services continues through this collaboration and will allow life science organizations and pharma companies to drive innovation and research in genomics-based health care in Pakistan.

This will also create new job opportunities in the genomics industry and make a significant economic impact by improving the population’s overall health and reducing healthcare costs in Pakistan.”

Quote by Dante Genomics – “In partnering with SLIC, we continue in our effort to make the most advanced genomic technologies available for clinical use around the world. By offering these whole genome sequencing solutions, we are providing personalized medicine to the citizens of Pakistan and further supporting the country’s efforts to become an international leader in genomics.

These sequencing methodologies provide extremely beneficial medical insights into a person’s general health, fitness, nutrigenomics, pharmacogenomics, wellness and lifestyle, helping doctors to make better treatment decisions for their patients according to their genetic makeup. It can help people to make changes in their lifestyle to live a longer and healthier life.”

SLIC BOILER PLATE: SLIC is the largest and the only AAA rated Insurance Corporation in the country. As the leading insurer in the country, SLIC ensures the wellbeing and financial security of its policyholders and partners. SLIC delivered the strongest business numbers in its history and grew its premium revenue to Rs279 billion, an increase of 64% from last year.

The strong performance of 2022 suggests that SLIC has emerged as one of the most successful State-owned enterprises in the country.

DANTE GENOMICS BOILER PLATE: Dante Genomics is a global genomic information company building and commercializing a new class of transformative health and longevity applications based on whole genome sequencing and software. The Company uses its platform to deliver better patient outcomes, prevention, enhanced diagnostics and personalized medicine.

The Company’s assets include one of the largest private genome databases with research consent, proprietary software designed to unleash the power of genomic data at scale and proprietary processes which enable an industrial approach to genomic sequencing.