i.e. Muhanna Group

As the world economy undergoes significant shifts in centers of wealth and power, once small-undeveloped countries are quickly coming into their own joining the world economy and are challenging outside competitors. At the same time, larger established economies are suffering.

The insurance mechanism in both commercial and social situations is being utilized in a more distinctive and pivotal role. Private citizens are being challenged with funding more for their retirement as governments are limiting their role in providing old age pensions. Government legislation is giving tax incentives and more in support, and consequently the private sector is being encouraged to offer pension scheme services whether occupational or personal. Furthermore, local companies are custom designing modern products aiming for worldwide markets with flexible investment assurance type products. The newest distribution method of assurance products is Bancassurance whereby insurance company and financial institution, usually commercial bank, reach an agreement to distribute assurance products through the bank’s branch network. Bancassurance products are and aim to offer personal services for individual or group pension funds in addition to personal insurance for home, transport, professional indemnity, income, and medical expense. Yet, businesses dealing with long-term financial risk and playing a significant role in our lives rely on a few specialized people, actuaries.

As the only corporate firm in the Middle East and South East Europe, i.e.Muhanna & co. offers actuarial and consulting services assisting organizations to meet their goals. Our teams of professionals have the capacity to handle sophisticated and specialized tasks with technical expertise and knowledge of local needs.