SECP appoints Falak Sher Soomro to strengthen insurance sector regulation

July 22, 2023 (MLN): The Securities and Exchange Commission of Pakistan (SECP), in line with its focus on strengthening its insurance sector regulatory responsibilities, has appointed Falak Sher Soomro as Advisor to the Commission on Insurance, said a press release issued on Friday.

Falak Sher Soomro is an Associate of the Institute of Actuaries, UK.

He is a risk and insurance professional with over fifteen years of experience in General and Medical insurance across KSA, the UAE, Oman, Lebanon, Pakistan, and Malta (EU).

He will be based in Karachi and will assist the Commission on its key reforms agenda related to the insurance sector.

The newly appointed advisor will bring his valuable expertise in Reserving, Motor Medical & Group Life Pricing and Underwriting, Solvency Capital Modelling and Financial Reporting, Reinsurance Optimization, Investments Strategies and Risk Management.

Moreover, his experience includes advising insurance/takaful and reinsurers on regulatory and non-regulatory assignments. He has also conducted technical reviews for regulatory and financial reporting purposes.

He has done BSc (Honors) in Actuarial Mathematics and Statistics from Heriot-Watt University, Edinburgh, UK.

SECP is looking forward to the addition of Sher Soomro to its ranks of Insurance professionals.

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