2024 Board Member Candidate
Shoaib Soofi, FSA 2003
MetLife
Brief Description of Current Work
I am the Global Head of Product Review at MetLife where along with my diversified team, we review new life and health products as final step before Chief Actuary and CFO sign off. We do full scale review including assumptions, sensitivity analysis, pricing model validation, reserving and capital requirements, operational readiness etc.
Primary Area(s) of Practice
Life & Health Insurance
Bio
Main Qualification:
Fellow of Society of Actuaries USA (2003) - FSA
Other Qualifications/Roles:
IFRS17 Certificate of Society of Actuaries USA (2021)
Chair - SOA Committee for Middle East, Africa & Pakistan
Companies & Key Positions:
MetLife (2008 to Present):
(One of the largest global life insurers operating in 40+ countries)
Vice President & Global Head of Product Review (2022 - present)
Vice President & Actuarial Modeling Lead (Europe, Middle East, Africa) – 2021 -2022
Vice President & GAAP Actuary (Europe, Middle East, Africa) – 2018 - 2021
Assistant Vice President & Chief Actuary (Middle East) – 2014 -2018
Government of Pakistan (2005 to 2008)
Director (Insurance) SECP – 2005-2007
Chief Actuary (Ministry of Finance) – 2007 -2008
State Life Insurance Corp of Pakistan (1992 to 2005)
Assistant General Manager (Actuarial) 2003 -2005
Experience Summary:
- Over 30 years’ experience in Insurance & Pension with exceptional depth and breadth (since 1992)
- Exposure of over 25 countries across Europe, Middle East, South Asia – recently Asia & LATAM as well
- Chief Actuary for Middle East Region at MetLife
- Director Insurance at SECP and Chief Actuary at Ministry of Finance
- Appointed Actuary Role for number of Middle East & South Asian countries including Pakistan
- Active participation on major regulations in number of jurisdictions, both with industry and regulators
- Key member of IFRS17 implementation across Europe & Middle East for MetLife.
- Currently leading Global Product Review Function at MetLife
- Experienced in both Public & Private Sectors, locally and internationally
- Lead Group & Pension Actuarial Function at State Life Insurance Corp of Pakistan