Suleman Maqsood
Actuarial Analyst at Fidelity United- Claim this Profile
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Experience
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Fidelity United
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United Arab Emirates
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Insurance
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100 - 200 Employee
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Actuarial Analyst
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Mar 2022 - Present
Responsible for accurate and timely technical review and reporting to internal and external stakeholders Preparing reports and projections for insurance plans and financial products outlining potential sources of risk, financial uncertainty, and presenting several options for mitigating risk and ensuring profitability based on the available data. Responsible for accurate and timely technical review and reporting to internal and external stakeholders Preparing reports and projections for insurance plans and financial products outlining potential sources of risk, financial uncertainty, and presenting several options for mitigating risk and ensuring profitability based on the available data.
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Badri Management Consultancy
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United Arab Emirates
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Insurance
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100 - 200 Employee
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Jul 2018 - Mar 2022
Actuarial Reserving and Regulatory Submission of Insurance Lines:• Valuation of reserves for UAE/Saudi based clients as per Insurance Regulation • Performed analysis and interpretation with the help of different mathematical tools and mechanisms• Completed scientific and systematic study and interpretation of data• Calculated reserve amounts for different lines of business based on analysis of annual trends; estimated ultimate losses compared to actual reserves to meet regulatory requirements.• Conducted and assisted in routine, recurring analysis and research, preparation of Valuation the report, pricing and underwriting report, and documentation of various analysis projects.• Monitored workflow to ensure satisfactory client deliverablesReinsurance Reserving Treaty Pricing: • Valuation of reserves for the reinsurance company as per the Insurance Authority Regulation (UAE).• Doing treaty pricing and reviewing for general insurance companies.Solvency Projection & Business Plan: • Doing a business plan and projections for insurance/reinsurance company. And projected solvency using estimations for UAE clients. Published Industry Reports: • Assist in publishing various industry reports covering performance analysis such as market trends, comparison, and Regulation impact over the Market.IFRS 17 Gap Analysis: • Assisting my client on IFRS 17 Gap analysis with Auditors. Show less
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Jun 2017 - Jun 2018
• Quarterly Valuation of reserves for UAE based clients of IBNR, OSLR, ULAE, UPR and URR. • Responsible for data analysis and validation every quarter to ensure the accuracy and consistency of results as per the regulation of Insurance Authority of UAE.• Preparation of reserves valuation report to be submitted to Insurance Authority.• Pricing for Motor and Health line of businesses.• Responsible for preparing pricing reports for Motor and Health line of business.• Performing Underwriting review for other lines of businesses as per regulatory requirement of IA.• Dealing and communicating with client to give them rational behind results.• Validation of eforms for clients at every quarter.• Working on industry Information. Show less
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Dec 2016 - Jun 2017
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Jubilee Life Insurance Company Ltd.
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Pakistan
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Insurance
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700 & Above Employee
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Junior Executive
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Mar 2016 - Nov 2016
working in cooperate business and micro insurance department. working in cooperate business and micro insurance department.
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AsiaCare
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Pakistan
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Insurance
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1 - 100 Employee
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claims executive
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Jun 2015 - Mar 2016
I am in claim department in which my responsibilities is to evalute medical claim which comes in reimbursment ,discuss these claims with doctors on daily baises after that settle it. I have a correspondence with client as well as accounts manager. I am in claim department in which my responsibilities is to evalute medical claim which comes in reimbursment ,discuss these claims with doctors on daily baises after that settle it. I have a correspondence with client as well as accounts manager.
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New Jubilee Insurance Company Limited
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Insurance
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100 - 200 Employee
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Summer Internship
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Jun 2014 - Jul 2014
internee at investment department, pricing and managing portfolio internee at investment department, pricing and managing portfolio
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Summer Intern
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Jun 2013 - Jul 2013
Have worked as an intern at HBFCL (house building and Finance Corporation limited) at Risk Management and MIS department. Have worked as an intern at HBFCL (house building and Finance Corporation limited) at Risk Management and MIS department.
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Education
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Society of Actuaries (SOA), USA
ASA, Actuarial Science -
Karachi University
Bachelor's Degree, Actuarial Science and Risk Management -
Govt. Gulshan College Block 7, Karachi
Intermediate, Pre-Engineering, A -
Froebel grammar Academy
Matriculation, Computer Science, A