Bahrain National Holding Announces the Establishment of an Internal Actuarial Unit

Bahrain National Holdings (BNH), the leading insurance group, is pleased to announce 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 Bahrain National Holding and its subsidiaries.

Commenting on the?formation?of the new unit,?Mr. Sameer AlWazzan, Group CEO of BNH?added: “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 for the Group within its organizational structure aims to appoint Bahraini competencies and enable them to become qualified actuaries holding specialized certificates from internationally recognized 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 specialized 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".