Is FCAS popular in Dubai?

[Fool]

I am a newly qualified FCAS and want to find a job in Dubai.Does insurance company in Dubai need FCAS?

[Oriental]

I'm working in the middle east in life insurance. Actuaries are rarety here and I've not heard of any company having a casualty actuary.

Are you living in Dubai or want to relocate there?

[Fool]

Originally Posted by Oriental

I'm working in the middle east in life insurance. Actuaries are rarety here and I've not heard of any company having a casualty actuary.

Are you living in Dubai or want to relocate there?

I want to relocate to Dubai because I like high salary with low tax there.In my opinion, development opportunity in Dubai is far better than it in any other asian country.

[Oriental]

Low tax (in fact 0 income tax) yes. But high salary for actuaries......a joke. In middle east accountants get high salaries.

Most of the insurance companies do not assume risk here and have very low retention. They just take reinsurance rates, gross up for margins and cede almost 100%. So no need for ratemaking or reserving........and hence accountants are more useful than an actuary.......IMO

[DW Simpson]

Originally Posted by Fool

I am a newly qualified FCAS and want to find a job in Dubai.Does insurance company in Dubai need FCAS?

We've worked on a few life roles in Dubai recently. I've rarely seen casualty roles.

[DMVR]

Belatedly, there will be opportunity for FCAS in the KSA (Kingdom of Saudi Arabia) as their new insurance regulations requires input from actuaries on everything - and I mean everything. See www.dm-vr.com the resources page for the regulation.

Companies are still too small to employ actuaries, and there is already competition among consultants here - and you need a local parner. All barriers to entry, not to mention the cultural differences in living in the KSA. But once we have convinced the companies of our value we hope that there will be lots of use of actuaries - so keep your eyes on the KSA.

[DW Simpson]

Originally Posted by Fool

I am a newly qualified FCAS and want to find a job in Dubai.Does insurance company in Dubai need FCAS?

http://www.dwsimpson.com/restofworld.html

#20892 - CASUALTY - Dubai - Fellow - Senior regional actuary sought to spearhead development. FCAS or equivalent and at least 15 years of working experience required.