Navigating risk and monitoring profitability
Insurance companies fundamentally function based on the amount of risk assumed and the profitability they generate. Advanced analytical and statistical skills are a must-have for assessment of risks and returns associated with their products – This is exactly where an actuary comes in.
General Insurance
The insurance landscape is evolving swiftly, affecting the general insurance sector as well. As your needs evolve, we stay at the forefront, molding our offerings to match your requirements.General insurance safeguards against financial losses arising from property damage or liability claims. It encompasses coverage for residences, vehicles, businesses, and beyond. Moreover, general insurance offers protection against natural calamities such as floods and earthquakes.
Our team of experts helps your organization navigate this ever-changing world through understanding the many variables that may affect you and planning accordingly.
Property and Casualty Insurance
The world is changing rapidly and the insurance industry is no more immune to it too. From increasing economic and life uncertainties, insurance companies are expanding exponentially to cater to the growing needs of individuals and businesses alike. As you grow, we remain at the forefront of shaping and sculpting your insurance services to best fit the needs of your customers.Property and Casualty Insurance protects you from financial losses due to damage to your property or from liability claims. This type of insurance can cover your home, your car, your business, and more. Property and Casualty Insurance can also provide protection against natural disasters, like floods and earthquakes.
Medical Insurance
Essential for the survival of the larger population, Medical insurance is the largest insurance sector and their insights require in-depth analysis of data.SHMA has an expert team of Actuaries who advise clients on various decisions related to their health insurance products, with a particular focus on the GCC and South Asia.
Motor Insurance
As a financial consultancy, we provide expert advisory services to help our clients with complex motor insurance decisions. We assist them in identifying their specific needs and recommend the most appropriate coverage options so they may get comprehensive coverage options for their employees. Our goal is to ensure that our clients have the necessary protection in place to safeguard their employees’ assets.The increase in average road traffic, the frequent use of motor vehicles and the need to protect against unforeseen accidents have led to an increase in the automobile insurance business.
Life Insurance Actuarial Services
At SHMA, our team of Actuarial experts employs cutting-edge tools and financial models that equip us with deeper insights into your business landscape. Our services are tailored to help you make better decisions in the future. We at SHMA specialize in assisting Insurance companies in the following areas:• Assistance in setting up a Life Insurance company and developing a business plan.
• Reinsurance Optimization
• Designing and profit testing of various life products
• Actuarial support in ongoing operations of the Company
• Solvency Assessment
• Financial & Actuarial Due Diligence of M&A transactions for both life and composite insurers
• Development and implementation of an investment policy including market risk mitigation strategies.
Health Insurance Actuarial Services
In a world brimming with technological advancements and AI-driven inventions, you need a specialized approach to review your health insurance plan and employ industry-leading data analytics to offer your customers the best health insurances in the region. We at SHMA help payers, providers, public sector, and employers to transform the healthcare sector and streamline operations by adopting new analytical capabilities and making informed decisions.Our portfolio includes:
• Risk Analysis of Medical and Personal Accident Lines of Business including:
• Expense Analysis and development of related pricing parameters for ratemaking purposes.
• Product Design, Pricing, Ratemaking and Review of Policy Documents
• Periodic Review of Tariff Structures
• Development and deployment of dashboards to monitor the lines’ performance in real-time.
• Financial and Actuarial Due Diligence of M&A transactions for general insurers.
• Development and implementation of an investment policy including market risk mitigation strategies.
Reinsurance
Reinsurance helps insurance companies manage their risks and transfer a portion of your risk to another party. This allows the insurer to protect itself from potentially large losses and can help it stabilize its premiums. Our specializations include risk transfer analysis, program design, transaction analysis, bad-debt reviews, expert witness and litigation support, and modelling legacy reserving difficulties are some of the services we provide.• Some reinsurance services include.
• Reinsurance Optimization for Insurers.
• Retrocession Optimization for Reinsurers.
• Assessment of Savings in Capital.
• Qualitative and Quantitative Assessment of Risk Transfer.
• Carrying out Financial Projections with and without the effect of reinsurance/retrocession.
• Reinsurance/Retrocession Recapture.
SHMA provides expert advisory services for insurance products – with over 250 clients in the Middle East, Pakistan, and Sri Lanka. Our efforts help our clients streamline and better inform their decision-making.
Learn how we create unmatched solutions
SHMA provides a large scale of services to its clientele aimed at simplifying complexities and supporting the decision-making process. With our help, your organization can enjoy a competitive advantage over your competitors.