Safder Jaffer

Safder has more than 20 years of insurance experience and works in both life, health, employee benefit and general insurance. Safder works extensively in the Middle East region serving clients on product design, pricing, valuation, M&A, ERM, business planning and strategic consulting services. In particular, Safder serves as an appointed actuary for a number of companies in the region and advices financial and health regulators in GCC. Safder also specializes on advising and serving takaful and retakaful companies.

Safder has led most of the regulatory reform led projects in the region including healthcare reforms in GCC including leading the actuarial studies of mandatory health coverage in the region by working closely with health regulators. Safder has also led financial regulatory projects in the region working closely with SAMA, Insurance Authority and CMA in Oman.

Before joining Milliman, Safder was a Vice President at Swiss Re where he worked for 11 years spending 8 years covering the UK market and 3 years covering the Middle East market. His roles included pricing actuary, products and experience study actuary, working on alternative reinsurance structures including financial reinsurance as well as serving as client manager and actuary for the Middle East region. Safder was also instrumental in help setting up the Swiss Re retakaful pools and was the key link of Swiss Re with the Shariah Board.

Straight after graduating with an Actuarial Science degree at Heriot Watt University in Edinburgh, Safder joined GAN Financial Services as a Financial Advisor. While there, he gained experience in direct marketing of a range of life insurance products including life, savings and pensions.