Manar Sigma

Our Commitment

We are proud to be a Saudi firm and are committed to the development of the actuarial profession in the Kingdom of Saudi Arabia.

Our SAMA Licenses

We are proud of being approved by the Saudi Arabian Monetary Agency to provide Actuarial and Insurance Consulting Services to the Saudi Arabian insurance market. Please click on the pdf icons to view our licenses.

Insurance Consulting pdf
Actuarial Services pdf

Manar Sigma - Actuaries & Consultants

Manar Sigma is the leading actuarial & insurance consulting firm in the Kingdom of Saudi Arabia and is approved by the Saudi Arabian Monetary Agency. The Managing Director of Manar Sigma is Ali Al-Ghaith and the Chief Executive Officer is Chris Symeonidis.

The support that Manar Sigma offers companies can be categorized into the following areas:

  • REGULATORY COMPLIANCE & RISK MANAGEMENT: Valuations; Preparation of technical license applications for insurance companies, brokers and agents; Actuarial Certification of Adequacy and Appropriateness of Reserves, Pricing Bases. Reinsurance Structures and Investment Policies; Solvency 2 & ERM Systems.

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  • MARKET ENTRY SUPPORT: Feasibility Studies & Business Plans; Assessment of Capital Requirements; Organizational Structures; Development / Pricing of Initial Product Range; Operating Manuals; Structuring of Distribution Channels; Reinsurance & Investment Strategy Formulation.

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  • GROWTH STRATEGIES: Mergers & Acquisitions; Product Innovation; Reinsurance Capacity Optimization; Development of Distribution Channels.

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  • GENERAL & FAMILY TAKAFUL: Manar Sigma offers specialist advice in the design and pricing of such products.

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  • BANCASSURANCE: Manar Sigma can assist its clients to increase their penetration of even mature markets through bancassurance. Our consultants have extensive experience in designing bancassurance agreements and in developing and customizing products for this channel.

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