Introduction The rush of nostalgia sweeps through my mind, bringing forth cherished memories of beloved fictional characters encountered through books, shows, and movies. These characters have been invaluable gifts, meeting me at different junctures of life, aiding in self-discovery, and shaping my understanding of strengths and weaknesses. They offer solace, resonance, and a sense of...

The recently concluded SOA Regional Symposium in Riyadh, held from November 18 to November 20, 2023, showcased the significant role of actuaries in the evolving landscape of the Middle East insurance markets.  As a prominent actuarial advisory firm in the region, SHMA Arabia made a significant mark at the event, both as a Gold Sponsor...

In the ever-evolving landscape of the insurance industry, a transformative force is at play – Blockchain Technology. This cutting-edge technology has emerged as a game-changer, offering a myriad of benefits that promise to reshape traditional operational services.  In this edition, we delve into the profound impact of blockchain on the insurance sector, exploring the benefits...

In our fast-paced, interconnected world, organisations encounter a multitude of risks that can impact their operations, reputation, and long-term success. The transformative power of technology has emerged as a pivotal ally, enabling proactive and effective risk management strategies. The digital age has reshaped risk management, empowering organisations to: Insightful Data-driven Risk Assessments: Harnessing advanced analytics,...

Step into the world of Artificial Intelligence (AI) as it takes centre stage in the universe of digital exploration. One area that’s grabbing attention is AI-powered search, a clever way of finding things online. These tools, made with ‘large language models’ (LLMs), are changing how we search on the internet, and their popularity has skyrocketed...

The insurance industry is undergoing a transformative shift with the integration of advanced cloud-based solutions. This wave of change is reshaping traditional processes, enhancing customer experiences, and driving significant business growth. Cloud technology offers key advantages such as scalability, cost-effectiveness, and heightened data security, prompting insurers to consider migrating a substantial part of their computational...

Ever feel like navigating financial risks is like walking a tightrope blindfolded? That’s where actuaries come in, the superheroes of numbers, who use their eagle-eyed insights to keep businesses and people safe from financial surprises. Think of them as financial detectives, deciphering the clues of data and statistics to predict what might happen down the...

The sun dipped below the Karachi skyline, casting long shadows on the shimmering waters of the Regent Plaza pool. But the warmth of the evening belonged not to the fading sun, but to the incredible energy of our SHMA family, gathered for our annual poolside gala! This wasn’t just an evening of delicious food and...

Imagine the future. Will classrooms overflow with children or echo with empty desks? Will hospitals cater to vibrant young families or grapple with an ageing population? While crystal balls remain cloudy, a powerful tool exists to glimpse the future’s demographic landscape: fertility rates. And for actuaries, these rates are not mere statistics, but potent indicators...

Forget boring spreadsheets and jargon-fuelled meetings. AI projects are an expedition into the uncharted, a chance to rewrite the rules and reimagine what’s possible. But like any thrilling adventure, it needs a crew of brave pioneers, not weary passengers. So, how do we turn employees into enthusiastic explorers, eager to map the AI frontiers? Unveil...