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Introduction

SIR Consultants is a subsidiary of SHMA Consulting, an actuarial firm founded in 2011 and headquartered in Dubai. SIR Consultants provides actuarial and financial consulting services to insurance companies and other finance industries globally, with a workforce of 200-250 employees. The company aims to assist clients in decision making, risk mitigation, and achieving IFRS 17 compliance. Services include life insurance, general insurance, retirement benefits, and takaful consulting as well as enterprise risk management and capital modeling. This report will evaluate SIR Consultants based on employee interviews assessing job satisfaction, engagement, attitude, motivation programs, and culture.

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Rukhsar Abbas Ali .
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46 views2 pages

Introduction

SIR Consultants is a subsidiary of SHMA Consulting, an actuarial firm founded in 2011 and headquartered in Dubai. SIR Consultants provides actuarial and financial consulting services to insurance companies and other finance industries globally, with a workforce of 200-250 employees. The company aims to assist clients in decision making, risk mitigation, and achieving IFRS 17 compliance. Services include life insurance, general insurance, retirement benefits, and takaful consulting as well as enterprise risk management and capital modeling. This report will evaluate SIR Consultants based on employee interviews assessing job satisfaction, engagement, attitude, motivation programs, and culture.

Uploaded by

Rukhsar Abbas Ali .
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INTRODUCTION:

In this report we organization we are going to judge basis on 5 parameters i.e. job satisfaction,
employee engagement, attitude, motivation programs and culture is SIR Consultants. Before judging any
company it’s important to know about the company first so let’s have a brief introduction and the
background of SIR Consultants and how this organization works. SIR Consultants is a subsidiary of Sidat
Hyder Morshed Associates Consulting also known as SHMA Consulting which is founded in 2011 and is
considered as one of the top rated actuarial firm in Pakistan. It is a multinational company having its
headquarter in Dubai Multi Commodities Center, UAE and is licensed by Dubai Multi Commodities
Center Authority (DMCCA) to perform their consultation operations and services. It was an idea of a
team of actuarial individual having experience of more than 20 years of providing actuarial and financial
consulting services to different companies including insurance companies, takaful operators and other
similar organizations providing end of service benefits (EOSB). The main purpose of the company is to
provide consultation services to various finance industry but majorly to the insurance sector. The total
strength of the company is around 200-250 employers working under one umbrella. The company also
holds the maximum number of Fellow and Associates of Society of Actuaries as compared to the other
consultancies and actuarial firms in Pakistan which is considered as highest designation in actuarial
profession. The aim of the company is to provide consultation services in every manner to help
industries in taking their decision in a more effective manner, not only in the actuarial projects but the
company also assist financial industries in operational and strategic ways such as brokers
compensations, capital structure, Mitigating and identifying the risk, negotiations and building the
reinsurance structure and other various aspects. They work for insurers to achieve IFRS 17
requirements, which helps them in implementation of IFRS 17 (Internationally recognized Reporting and
working requirement) to perform various actuarial and financial services. They provide quarterly,
semiannually and yearly services to wide range of clients around the globe that includes Middle east,
Europe, South east Asia, fast eastern region and other gulf countries such as Pakistan, Sri Lanka, Egypt,
Qatar Syria and many more. They also provide actuarial services to 4 big audit firms of Pakistan. They
have actuarial expertise in reserving calculations, pricing models, enterprise risk management, business
and product development and financial reporting according to the reporting standards internationally.
They are cost effective and provide full time actuarial services to their clients.

Their services include:

• Life insurance consulting

• General insurance consulting

• Retirement benefits

• Family and general Takaful consulting

• Enterprise risk management

• Capital Modelling.

For judging the organization on 5 parameters we have mentioned above we took an interview from one
of the employee working as an actuarial analyst in this organization.

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