Personal Profile

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Syed Nayyar Hussain is a seasoned Actuary with over 27 years of distinguished experience spanning insurance, takaful, and pension systems across both regulatory and industry domains.

Professional Experience
Executive Director at Salaam Family Takaful Limited(3.5 years - Feb 2022 till now):
Salaam Takaful Limited (STL) is the largest dedicated general takaful operator in Pakistan. I lead the project of setting up STLs subsidiary company which became the First Islamic Digital-Only Life Takaful
Company of Pakistan namely Salaam FamilyTakaful Limited(SFTL).

My key achievements here are:
. Conceptualized and convinced the Sponsors on the Disruptive Digital Life Insurance Business Model.
. Got the Digital-Only Islamic Life Insurance(i.e. Family Takaful) License
from SECP in April 2024.
. Designed Distribution Model including the incentive Structure for the Digital Sales Force

Director at SECP (Apr 2012 to Feb 2022)
Promoted Innovation through Regulatory Sandbox Guidelines, 2019. The two significant outcomes of the Regulatory Sandbox were Digital-Only- Insurance Regulatory Framework (2022) and P2PLending Regulatory Framework.(2023)
. Promoted Digital-Onboarding for Mutual Fund Investors by issuing two circulars(2021-2022). Introduced simplified onboarding requirements for Telco's based customers.
.Managed first two Cohorts of the Regulatory Sandbox in 2022 and 2021. The role required strong leadership to provide regulatory support and guidance to nurture innovation. Development of the Centralized Information Sharing Solution for Insurance Industry(ClSSIl)
and Insurance Repository in Pakistan through CDC

Other Key Achievements At SECP
. Designed a Roadmap for development of Private Pension market through Pension & Annuity Working Group formed by Commission on my recommendation. The Report also provided out of box Pension Reforms for the Government Pension Scheme having a potential of saving Rs 10+ trillion.
Represented SECPas Chairman of the Mutual Exchange Forum for Inclusive Insurance(MEFIN) of GIZ. The MEFIN is comprised of seven
insurance regulators. Co-Author of Insurance Reforms Committee
Report 2014 of SECP