Services

SHAW International

Insurance Consultancy - Conventional and Takaful

SHAW international along with its business partners provides a wide range of services for both conventional insurance and Takaful companies operating in Life and Non-life insurance sectors. Our wealth of experience in the region puts us at a significant advantage to provide high quality service in a timely and efficient manner. Our services includes:

Business Plan Development

Development of a business plan outlining the feasibility of setting up a new company or restructuring of a company including the setting up of sole or window Takaful operations.
Preparation of business projections by line on business and product.

Product Development

Product design and development including calculation of rates and policy documents wordings.
Profit testing for all products.
Assistance with preparing product approval documents to be filed with the regulators.

Islamic Insurance (“Takaful”) Operations

Advice on the choice of Takaful model to be used by the Takaful operator.
Distribution of surplus and treatment of losses.
Calculation of fees based on the takaful model selected.
Designing and costing of compensation structure for the sales force, expense analysis and development underwriting guidelines and procedures.
Assistance with conducting ongoing operations of the company including product enhancement and re-pricing of takaful products.
Takaful analytics and tools development.
Review of workflows to create efficiency.

Actuarial Services in Partnership with Local and Regional Actuaries

Actuarial valuation to determine reserve requirements in accordance with the regulatory requirements, IFRS and US GAAP.
Embedded value calculations and appraisals.
Capital adequacy.
Valuation of new business (VNB) model.

Training and Development

Conventional insurance training for all the operational areas including risk assessment and management.
Takaful related training to the staff and the sales force highlighting the differences between the conventional and Islamic insurance.
Technical training for both life, non-life insurance/reinsurance and pension companies.
Learning and Training Need Analysis: Without the right skills and targeted investment in learning opportunities an organization cannot hope to compete successfully. Millions of Turkish Lira is wasted every year on training courses that were unsuitable for the staff, too generic in content or did not match with the key objectives of the organization. A carefully designed Learning Needs Analysis can prevent skills shortages and the wasting of finance on inappropriate or unnecessary training. The benefits of a well-conducted analysis will identify the specific learning shortfalls in your company and provide specific solutions to best meet the needs of your company.
Executive Development: Every organization has to develop its team in terms of management and skills training if it wants to move forward and create a best practice environment. We customize the training programs according to the needs of each client for Management Trainees covering all the areas of insurance compliant with the local insurance laws and regulations

Systematic Strategic Development

We help our clients set their future goals and objectives to achieve more stable and predictable growth and make long-term plans in consideration of the risks and opportunities

Process and Operational Review

A process and operational review allows your company, division or department to evaluate your practices against leading best practices in the profession and enhance value to your organization. The review requires a team of specialist reviewers to evaluate the utilization of best practices and the efficiency and effectiveness of your organization. Operational reviews build stakeholder confidence by documenting the function’s commitment to quality and best practices, and to the profession.
Obtaining an operational review also provides evidence to your board, management, and staff that your departments are concerned about improving the organization’s processes. This review can focus on the whole organization or specific departmental functions.

Cost and Expense Management

SHAW international partners with clients to improve margins by reducing operating expense, the Managing Partners of SHAW have helped businesses reduce and contain costs. Our expense management experts use a proven methodology to achieve meaningful cost reduction and containment across a wide range of direct and indirect expenses.
Quality comes from experience. We have the resources, expertise and proven process to be able to quickly deliver savings results that allow you to improve your margins quickly and efficiently.