Karachi: The Securities and Exchange Commission of Pakistan (SECP) has recently made a significant appointment, naming Falak Sher Soomro as Advisor to the Commission on Insurance matters.
Bringing with him a wealth of expertise, Soomro is an Associate of the Institute of Actuaries, UK, and boasts over 15 years of experience in the General & Medical insurance domains, having worked in various regions including KSA, the UAE, Oman, Lebanon, Pakistan, and Malta (EU).
Based in Karachi, Soomro will play a pivotal role in assisting the Commission with its key reforms agenda, specifically focusing on the insurance sector.
Among his areas of specialization are Reserving, Motor Medical & Group Life Pricing and Underwriting, Solvency Capital Modelling and Financial Reporting, Reinsurance Optimization, Investments Strategies, and Risk Management.
Soomro’s expertise also encompasses advising insurance/takaful and reinsurers on both regulatory and non-regulatory assignments. Additionally, he has a proven track record of conducting technical reviews for regulatory and financial reporting purposes.
His academic accomplishments include a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University, Edinburgh, UK.
With Falak Sher Soomro assuming the role of Insurance Advisor, the SECP aims to leverage his extensive knowledge and experience to drive forward vital reforms within the insurance sector.