Pakistan Society of Actuaries


Innovations in Insurance - October 20, 2015


Pakistan Society of Actuaries has planned an exciting conference for the 20th of October. The theme is 'Innovations in Insurance'. There will be a small session for the AGM on the same date to discuss and approve the 2014-15 accounts. The conference will be followed by lunch and table-tennis.

The conference brochure can be found here.



Conference presentations can be found here:

Enabling Business Through Automation - Dr Mohamed Rafick Khan

Innovation Simplified! - Faisal Shahzad Abbasi

The Evolution of Risk - Jawwad Farid

Evolution - Junaid Khalid

Annual General Meeting and Beach Picnic


The 2015 AGM and beach picnic will be held at Tushan beach on 18th September 2015.



A good number of members of the actuarial community attended this unique event. Punctuality, fun, networking and updates of the affairs of the PSOA were the main highlights of the day. Here is to some reminiscing a few moments of the day and for those who were not able to attend:




Beach 2


Beach 3


Beach 4


 Beach 5


Beach 6

Beach 7

Beach 8

Enterprise Risk Management Seminar - April 05, 2016


Pakistan Society of Actuaries has planned a seminar on Seminar on Enterprise Risk Management in collaboration with Hannover Re to be held on April 05, 2016. Speakers from Hannover Re and the local industry will be presenting the latest developments on the ERM arena. The seminar will be followed by lunch.

The seminar schedule can be found here.

IFRS 17 - Insurance Contracts

In May 2017, IASB issued the new Insurance standard, IFRS 17 Insurance Contracts, with effective date of 01 January 2021. The new insurance standard will harmonise the method of measurement, presentation and disclosure thereby bringing consistency and comparability across the global insurance industry. Further, it will make the business model more visible to the users of the financial statements. IFRS 17 is bringing a change of the magnitude that implementation of Solvency II brought in Europe. In Pakistan, PSoA along with ICAP’s Accounting Standards Board has proactively initiated the deliberations and development of implementation strategy for the adoption and implementation of IFRS 17. 

The Pakistan Society of Actuaries (PSoA) is organising a seminar on “IFRS 17 – Insurance Contracts” in collaboration with Southern Regional Committee (SRC) of ICAP on February 28, 2018 at the Movenpick Hotel. The timing of the seminar will be from 9:00 am – 5:00 pm (registration at 8:45 am).

The seminar will include a wide range of speakers including Mr. Nayyar Hussain, Director Insurance, Securities and Exchange Commission of Pakistan (SECP) (also a panellist), Mr. Abdul Moid Ahmed Khan, Senior Manager and Consulting Actuary, SIR Consultants, Mr. Usama Dangra, Manager, SIR Consultants, Mr. Omer Morshed, Chair IFRS 17 Working Group and CEO, Sidat Hyder Morshed Associates (also a panellist), Mr. Arslan Khalid, Partner, EY Ford Rhodes, Mr. Mohammed Ali Ahmed, Chief Strategy Officer & Executive Director, EFU Life Assurance Ltd., Ms. Hena Sadiq, Partner, Deloitte Yousuf Adil, Mr. Ali Qureshi, Head of Actuarial Services Department PSOA Secretary, Mr. Jabran Noor, Director, PKF. 

A panel discussion will take place in which Mr. Farrukh Rehman, Chairman, Accounting Standards Board, ICAP act as the panellist in addition to the above three marked. Mr. Saeed Zafar, Director & Consulting Actuary, SIR Consultants will be the moderator. 

The seminar brochure can be downloaded by clicking on the following link