Born at Dhaka on 20th October 1940. Son of the late Dr Mahmood Hasan, who joined the Dhaka University when it was set up on 1st July 1921, and was Vice Chancellor from 1942 to 1948.
Studied at Dhaka College and Notre Dame College. Stood First Class First in the Intermediate Science examination in 1956.
Trained as actuary in London, and sat exams of UK Institute of Actuaries. Awarded Sir Joseph Burn Prize in 1962 on completion of Fellowship exams.
Joined Habib Insurance, Karachi, in 1962. Became Fellow of UK Chartered Insurance Institute in 1965, and Fellow “with distinction” of US Life Offices Management Association Institute in 1967. Served as Board Member of State Life Insurance Corporation of Pakistan from 1972 to 1989, and as Chairman and Chief Executive from 2000 to 2003. Chairman of Alpha Insurance Company Ltd. in 1972, and again from 2000 to 2003. Co-founded Akhtar & Hasan in 1975.
Living in good health to a ripe old age, free of want, is a happy event.
Falling sick;
becoming disabled;
the death of a family bread-winner;
running out of money in old age;
a car being stolen;
a fire at an office or factory;
are sad events. These happy and sad events are part of the human condition. They create economic needs. Society creates savings, pensions, insurance, social security, and other systems to meet these needs. These systems need the skills of the actuarial profession.
I was attracted to this profession by my interest in mathematics, and by the challenge of passing the rigorous and demanding exams of the Institute of Actuaries. But what has given me the most satisfaction is that all this is directed to the creation of systems which help to meet the economic needs of old people, and widows, orphans, sick and disabled persons. Or which help to re-build homes and businesses hit by catastrophes. Actuarial work is mathematics with a human face.
When I joined Saeed Akhtar as a partner in 1975, with a two-room office of 600 sq ft, the market for actuarial services was very small. But we had faith in the future, faith in Pakistan’s growth and prosperity. We were confident that Inshallah more and more organizations in Pakistan and the surrounding region would realize the need for actuarial services. And so it has proved.
Alhamdulillah, the firm has grown steadily. With growth has come experience. And this experience is at the disposal of our clients. So if you come to us for advice or help, you can be sure that as professionals, we will put your interest first. We will try to give you the very best advice and professional service.
Email: samee@akhasan.com
