Obtained a first class BA (Hons) in 1969, and a first class MA in 1970, in Statistics. Secured first position in the University in both.
Joined Eastern Federal Union in 1970 as an actuarial trainee. In 1973 went to UK and joined the Pensions Actuarial Division of Clerical Medical & General Life Assurance Society. Qualified as a Fellow of the Institute of Actuaries in 1976 and returned to Pakistan to join Employees’ Old-Age Benefits Institution (EOBI). Was associated with all aspects of EOBI’s work and headed its Actuarial and Computer Divisions. Joined Akhtar & Hasan in 1986.
Appointed Actuary of the State Life Insurance Corporation of Pakistan, which is the biggest life insurance organisation in Pakistan with about 85%, market share in life insurance premiums. Also Appointed Actuary of Asia Care Health & Life Insurance Company Limited.
I had decided to take up actuarial science as a profession very early in my academic career. My choice of subjects, viz Statistics, Mathematics and Economics for my BA (Hons) degree and Statistics for the Masters programme was motivated by this decision.
When I joined EOBI in 1976, it was in its formative phase. As a fresh qualified actuary with a lot of enthusiasm I got involved with almost all areas of EOBI’s operations and gained some extremely valuable experience, not only on the technical side but also on the management side. This experience has greatly helped me in my work at Akhtar & Hasan.
When I joined Akhtar & Hasan in 1986, I was exposed to a totally different work environment. I found the atmosphere more relaxed and informal but a great emphasis on quality and professionalism. The firm has Mashallah grown considerably during the last seventeen years. The induction of bright young men and women during this period has given a new impetus to the firm.
The actuarial profession in Pakistan has been growing steadily over the years and Akhtar & Hasan has always lent a helping hand to those who wished to join the profession and will continue to do its bit to encourage actuarial students and prospective actuaries.
Email: shujat.siddiqui@akhasan.com
