Bahrain National Holdings (BNH) has announced the establishment of an in-house actuarial unit for the group.
This unit will oversee the risk assessment, estimation of premiums and investment returns, and prepare the required reports for BNH and its subsidiaries.
BNH group chief executive Sameer Al Wazzan said: “We are pleased to announce the formation of an internal actuarial unit, which consists of Bahraini professionals, whom we will support along their career path. The establishment of an internal actuarial unit aims to appoint Bahraini competencies and enable them to become qualified actuaries holding specialised certificates from internationally recognised institutes to carry out actuarial work and prepare the required reports as per the requirements of the Central Bank of Bahrain.
“We are proud to be the first Bahraini company specialised in the field of insurance to establish an actuarial unit in line with the directives of the Central Bank of Bahrain and in support of their continuous efforts in developing the insurance sector in order to maintain the best international standards and to prepare qualified Bahraini talents in basic specialties of the insurance sector.”
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