Ali Shaukat Joins ADNIC as Senior Vice President for Risk Management
Abu Dhabi National Insurance Company (ADNIC) has further strengthened its executive management team with the appointment of Ali Shaukat as Senior Vice President for Risk Management.
With more than 28 years’ experience, in-depth industry knowledge and technical skills across various industries in Canada, Middle East, and Pakistan, Ali will play in a lead role in ADNIC’s ongoing business expansion. His responsibilities will include directing and overseeing the development of ADNIC’s risk framework and practices..
“Effective risk management is a vital function for any insurance company and we welcome Ali to our team. Risk management in our industry today is not just about regulatory compliance but, done well, provides valuable insights into our business and is a critical tool in value creation. Ali’s extensive experience will be a great asset to our company as we build on past successes in our goal to become to leading company in our field in the region, and beyond,” said Ahmad Idris, Chief Executive Officer at ADNIC.
Shaukat joins ADNIC from Deloitte and Touche in Saudi Arabia, where he held the position of Senior Technical Advisor for Risk Advisory. He has also worked at SABB Takaful Company in Riyadh, where he held the position of Chief Risk Officer. Prior to that, he was the Regional Chief Risk Officer at HSBC Insurance.
“ADNIC is focused on attracting and retaining diverse talent. We are confident that Ali Shaukat will be a valuable asset to our team and we are glad to have him on board,” said Hani Hirzallah, Senior Vice President–Human Resources at ADNIC.
Shaukat has also worked with number of companies in Toronto in Canada in various roles including Senior Manager for Enterprise Risk Management at Deloitte and Touche and Manager Reinsurance at Liberty International Underwriters.