The event, held in Riyadh on Oct 8^th 2011, was attended by an audience of senior executives in the Saudi insurance industry. In his opening remarks, Mr. Fahad Al-Hesni, CEO Saudi Re, said“The topic of the seminar was stimulated by discussions with some of our clients. Analyzing volatility and capital allocation per line of business can provide valuable insights in respect of developing a reinsurance strategy as well as a business strategy, and this seminar is intended to shed light on how benefit from actuarial analysis”. He also added “this comes as part of a series of seminars covering a spectrum of topics which Saudi Re host for its clients across different markets”.

 Beside Mr. Fahad Al-Hesni, CEO Saudi Re, other speakers were Mr. Andreas Bollmann, Saudi Re Chief Underwriting Officer who discussed the value proposition of reinsurance, Dr. Ameer Batcha, Saudi Re Chief Risk Officer who has lead a session on solvency regimes and risk based capital, and Mr. Safdar Jafar, Milliman’s Managing Director Middle East and Africa who discussed the value of actuarial modeling.

GAIF biennial general conference attracts the attention of the MENA insurance industry. The GAIF 2012 features leading speakers addressing a theme of “Insurance and the Arab World Reform”. The conference presents an important opportunity for the industry professionals regionally and internationally to meet and discuss matters affecting the industry.

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