As an Actuarial Manager at SHMA, I had the privilege of attending the Arab Actuarial Conference 2024 held at the Four Seasons Hotel in Tunis, Tunisia from 23rd – 25th April, 2024. This conference brought together Actuaries, actuarial firms, and industry professionals from the insurance, healthcare, pension, banking, and risk management sectors, among others, across...
Microinsurance is a form of insurance designed to make important insurance options more accessible, for individuals and families with financial resources, in developing countries. Its purpose is to provide coverage for situations like illness, injury, or loss of life for people with valuable assets. This is achieved by combining policies into larger frameworks, which creates...
In a world where experiential learning is paramount, SHMA Consulting has set a commendable precedent with its successful internship program. Launched in June, this initiative has not only provided a platform for budding talents to thrive but has also enriched the organization with fresh perspectives and dynamism. With a cohort of 10 interns hailing from...
As the Generation X cohort, born between 1965 and 1980, inches closer to retirement age, a pressing concern is navigating the financial realities of retirement. Shaped by economic shifts, changing work patterns, and societal transformations, this generation is facing unique challenges as they approach their golden years. A closer examination, enriched with compelling statistics and...
The United Arab Emirates (UAE) General Pension and Social Security Authority (GPSSA) has taken a pioneering step towards enhancing social security in the Gulf Cooperation Council (GCC) region. Recognizing the paramount importance of insurance protection in safeguarding citizens’ well-being, the GPSSA has initiated a significant campaign aimed at raising awareness about insurance coverage. This campaign...
The Power Of Incentives: Elevating Workplace Performance Through Appraisals In the dynamic realm of workplace dynamics, the role of incentives in driving performance and productivity has garnered significant attention. Performance appraisals, an integral component of talent management, offer a structured framework to recognize and reward employees’ contributions. Backed by compelling statistics and insights, it becomes...
The insurance industry stands on the precipice of a digital revolution, transforming traditional processes and redefining customer experiences. The question that looms large is whether a fully digitized insurance industry is a distant dream or an achievable reality. As we examine the current landscape, backed by statistics and insights, the trajectory towards 100% digitalization becomes...
In the ever-evolving world of insurance, companies are facing a multitude of challenges that demand strategic planning, innovation, and adaptability. The combination of inflation, rising interest rates, climate change, and talent shortages presents a complex mix of hurdles. To weather this storm, insurers must implement a range of strategies that address these challenges head-on, ensuring...
In the past few decades, the whole world went through a paradigm shift in the wake of rapid technological revolution across the globe, shifting our collective perspective towards many facets of life and transforming old practices and ways of doing things. With everything changing around us, workplace culture has also undergone a significant transformation, reflective...
Healthcare risk adjustment is a crucial step in ensuring the fair distribution of resources within the healthcare sector. Traditional risk adjustment models rely on variables like age, gender, and diagnosis codes to estimate anticipated costs. However, as the healthcare industry evolves, non-traditional variables are becoming increasingly important. Variables such as geography, BMI, education, and income...