Syed Faraz Haider Naqvi

Experience

• 

  Lahore University of Management Sciences

  Aug 2018 - Jan 2019

  Teaching Assistant

  • Assisted 100 undergraduate students in Probability theory at LUMS providing regular tutorials and grading exams.

• 

  Askari Life Assurance Company Ltd

  Jun 2019 - Jul 2019

  Actuarial Intern

  • Produced a report on the Impact of Fiscal budget 2019-2020 on Insurance industry of Pakistan and presented the finding to the COO of the company.• Examined the reinsurance contract of the company with Munich RE and conducted reinsurance adequacy analysis of the contract to conclude that the existing contract was optimal given the portfolio of the company.

• 

  EFU Life Assurance Ltd.

  Jul 2019 - Aug 2019

  Actuarial Intern

  • Enhanced the pricing Illustrator used to price life insurance policies, further calculating inflation-adjusted amounts, frequency, dates, premiums, sum assured, investment income and charges, operational expenses, mortality rates, riders, cash value, and surrender values.• Identified 362 types of possible risks to facilitate the establishment of the Risk Management Department of the company. All these risks pertained to the day-to-day running of the business, reinsurance, credit, investment and the policy. Show less

• 

  SHMA Consulting

  Jul 2020 - now

  • Performed valuation exercises for general insurance clients in the Saudi Arabia and Pakistan ensuring adequate reserves are kept for all lines of businesses.• Conducted rate adequacy analysis for motor insurance to identify loss making segments and thus recommend underwriting strategies to enhance profitability for the clients.• Validated the solvency position of the clients by analyzing the Solvency Capital Requirements, as per the statutory requirements of the SAMA.• Lead the pricing team on understanding & quantifying initiatives designed to better Price Motor insurance policies for clients in the Saudi region with annual motor LOB revenue of around 400 million SR, as per the regulatory requirements of SAMA. Further helped clients in implementation of GLM pricing model.• Collaborated with the Reinsurance Department of the client to identify optimal reinsurance strategies for improved risk coverage, further producing the Reinsurance Adequacy Report.• Evaluated the Enterprise Risk Management (ERM) framework of clients by performing Stress and Scenario Analysis exercise to ensure company undertakes risk as defined within its risk appetite as per the regulatory requirements by SAMA.• Served as Actuarial lead to identify expenses of client and allocate them to the various Lines of Business in accordance with factors such no. of employees in the department, floor area of the department etc. Performed an in-depth analysis & presented result to the Appointed Actuary, other team members & client. Further worked on allocation of expenses in accordance with IFRS 17 standards.• Executed GAP Analysis of Life Insurance client and further worked towards IFRS 17 implementation as per FIA Template requirements.• Maintained relationship with the clients by communicating results, methodological assumptions, & recommendations of the valuations and other actuarial exercises to them. Show less

  • Senior Consultant

    Jul 2024 - now

  • Assistant Manager

    Jul 2023 - Jun 2024

  • Senior Actuarial Analyst

    Jul 2022 - Jun 2023

  • Actuarial Analyst

    Jul 2020 - Jun 2022