Ibrahim Said

Ibrahim Said Email and Phone Number

Senior Manager - Enterprise Risk Management @ GIG Egypt Life Takaful
cairo, al qahirah, egypt
Ibrahim Said's Location
Cairo, Egypt, Egypt
About Ibrahim Said

I have gained experience in Risk management (Head of Risk Management at Sarwa Insurance, Deputy Risk Manager at Gulf Insurance Group and Senior Risk Officer at Allianz Egypt as well) by assessing and monitoring operational and financial risks that may cause negative impact on the company’s position in order to provide an appropriate action plans to steer these risks toward company’s benefits.In addition, I have solid knowledge and understanding in formulating policies, evaluating premiums using different methodologies, creating and modifying the company’s business plan and budget, besides high technical skills in data analysis, by working within Insurance Companies as an Actuarial analyst. ERM Deputy Risk Manager at Gulf Insurance Group "gig" is responsible for providing risk management tasks and activities for Group holding company and all its subsidiaries, for all lines of business (both "Life & Health" and "Property & Casualties"), including data analysis and examining irregularities in data whilst upholding the Group standards, policies, procedures and authority limits.

Ibrahim Said's Current Company Details
GIG Egypt Life Takaful

Gig Egypt Life Takaful

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Senior Manager - Enterprise Risk Management
cairo, al qahirah, egypt
Website:
giglt.com.eg
Employees:
258
Ibrahim Said Work Experience Details
  • Gig Egypt Life Takaful
    Senior Risk Manager
    Gig Egypt Life Takaful Mar 2024 - Present
    Cairo, Egypt
    The main responsibilities would include, but not limited to, the following:˗ Re-establishing and developing the ERM department in the company.˗ Design and develop ERM Framework (including risk strategy, risk appetite, key risk indicators “KRIs”, process, etc.). ˗ Prepare and present risk reports to top management and the Board Risk Committee on a quarterly basis.˗ Ensure compliance with all rules and regulations with regards to RM (such as local solvency and technical provisions)˗ Provide analytical support and studies of operational and financial impacts of existing and potential risks.˗ Participate as key function in major projects such as Digitalization, launching new products, etc.˗ Improving risk reporting and control efficiency by utilizing all relevant internal IT systems.˗ Actively participate in major projects (such as IFRS17, ESG, Credit Rating, etc.).˗ Develop BCM and ORM systems, such as RCSA and Authority Matrix, to support risk reporting and controlling.˗ Interact with all business units and conduct risk awareness sessions to spread the risk culture within the company.˗ Coach and provide training to ERM subordinates to improve their skills and capabilities.
  • Sarwa Insurance
    Head Of Risk Management
    Sarwa Insurance Sep 2023 - Mar 2024
    Cairo, Egypt
    The main responsibilities would include, but not limited to, the following:˗ Establishing the ERM department in Sarwa Insurance Company.˗ Design and develop ERM Framework (including risk strategy, risk appetite, key risk indicators “KRIs”, process, etc.).˗ Prepare and present risk reports to management and Board Audit and Risk Committee on quarterly basis.˗ Ensure compliance with all rules and regulations with regards to risk management.˗ Review of local solvency requirement and technical provisions.˗ Participate as key function in major projects such as Digitalization, launching new products, etc.˗ Improving risk reporting and control efficiency by utilizing all relevant internal IT systems.˗ Actively participate in IFRS17 and ESG projects.˗ Develop BCM and ORM systems, such as RCSA and Authority Matrix, to support risk reporting and controlling.˗ Interact with all business units and conduct risk awareness sessions to spread the risk culture within the company.
  • Gulf Insurance Group K.S.C.P
    Deputy Risk Manager
    Gulf Insurance Group K.S.C.P Mar 2022 - Apr 2023
    Kuwait
    Job Summary: To have the overall leadership in developing effective ERM frameworks and Credit Rating project across all group companies in different countries of operations in addition to developing a culture of managed risk taking and embedding risk culture in organization.The main responsibilities would include, but not limited to, the following:˗ Develop and implement the Group’s risk management strategy, policy and framework (qualitative and quantitative) with clear definition of key risk indicators “KRIs”.˗ Monitor the group’s risk profile, capital management, challenge risk owners, report to Group’s management limit(s) violations, setting proactive controls/mitigation plans and introduce strategic risk initiatives.˗ Review of Economic Capital and Provisions, including rating agencies’ models and the Solvency Requirement.˗ Ensure compliance to all rules and regulations with regards to risk management.˗ Prepare and present Senior Management and Board Risk Committee reports relating to all risk factors including current exposures, stress testing analysis, investments, credit ratings, BCM and impact on Economic Capital.˗ Leading and managing the Rating Projects for the group by ensuring preparations of the required information in a comprehensive presentation, corresponding with the rating agencies and preparing all the related analyses.˗ Participate as key function in major projects such as M&As, Tier 2 capital, launching new products, etc.˗ Interact and coordinate with the all business units to ensure adequacy of data and methodologies used.˗ Utilize all relevant IT and other systems to support in risk reporting and improve risk control effectiveness.˗ Design and develop all assigned methodologies, techniques and input parameters for modeling and stress testing.˗ Keep abreast of key developments in RM field, provide trainings and support to the Group ERM representatives.
  • Gulf Insurance Group K.S.C.P
    Enterprise Risk Management Supervisor
    Gulf Insurance Group K.S.C.P May 2017 - Mar 2022
    Kuwait
    Job Summary: To design and implement the risk management framework including all related policies and procedures in line with group’s standards. Additionally, to undertake a key functional and advisory role contributing to the achievement of the group’s strategy and objectives whilst upholding the company’s ethics, operating policies and conform with the department work instructions.Responsibilities: ˗ Alert the Group Risk Manager with major risk findings, developments and trends across the company.˗ Design and develop all required methodologies, techniques and parameters for capital modelling and stress testing.˗ Review results and calculations of economic capital model and provisions, including rating agencies’ models and the Solvency requirements.˗ Develop and improve all risk models and tools.˗ Evaluation and proactive management of multiple risks and early alert of key risk indicators “KRIs” limit violations.˗ Prepare executive management reports relating to all risk exposures including current exposures, stress testing simulation analysis, investments, credit ratings and impact on Economic Capital.˗ Interact and coordinate with the all business units to ensure adequacy of data and methodologies used.˗ Develop all relevant BCM and ORM systems to support reporting and escalation of risk control effectiveness.˗ Participate in designing the qualitative and quantitative risk frameworks (Risk Appetite Framework) considering multiple sources such as Solvency II, rating agencies’ criteria and methodologies.˗ Manage the rating projects for the group by ensuring preparations of the required information and all related analyses on group’s performance and combine all the information in a comprehensive presentation.˗ Keep abreast of key developments in the risk management and international standards.˗ Train and supervise all ERM subordinates.
  • Gulf Insurance Group K.S.C.P
    Acting As Group Risk Manager
    Gulf Insurance Group K.S.C.P Jan 2018 - Dec 2018
    Kuwait
    Job Summary: To have the overall leadership in developing effective ERM frameworks & Credit Rating project across all group companies in different countries of operations in addition to developing a culture of managed risk taking and embedding risk culture in organization.The main responsibilities would include, but not limited to, the following:- Develop the group’s risk appetite framework with clear definition of key risk indicators “KRIs”.- Prepare and present risk reports to Board Risk Committee members on quarterly basis.- Monitor the group’s risk profile, capital management, challenge risk owners on identifications, mitigation plans and introduce strategic risk initiatives.- Lead the credit rating projects between the rating agencies and group companies.- Support the management in setting effective controls/mitigation plans.- Ensure compliance to all rules and regulations with regards to risk management.- Work as an advisor to executives and business units on breaches or highly risk matters.- Provide trainings and support to gig’s subsidiaries ERM representatives.
  • Gulf Insurance Group K.S.C.P
    Senior Operational Risk Analyst
    Gulf Insurance Group K.S.C.P Jan 2015 - Apr 2017
    Kuwait
    Job Summary: Design and implement Risk Management Framework, Risk Strategy, Risk Policies and Procedures throughout Gulf Insurance Group (GIG) and its subsidiaries.Responsibilities:˗ Alert head of ERM dpt. of major risk findings, developments and trends within the assigned risk areas.˗ Participate in the development of the ERM framework and related policies, setting group’s risk appetite dimensions and limits along with the capital management and optimization scenarios.˗ Prepare Risk Reports including both quantitative and qualitative analyses of multiple risk dimensions.˗ Develop and monitor Key Risk Indicators “KRIs” relating to assigned risk areas and highlight any potential breaches.˗ Develops, maintains and enhances risk models and reporting tools.˗ Participate in the Credit Rating Project by gathering and providing the required information in a comprehensive presentation and corresponding with the rating agencies.˗ Coordinate with the Actuarial function to ensure the adequacy of data and the consistency of risk-related models.˗ Utilize IT systems to support in risk reporting and ensure control effectiveness (Early Alarm System).˗ Conduct the Risk and Control Self-Assessment “RCSA” and participate in setting adequate mitigation plans.˗ Keeps abreast of key developments in the risk management and train the risk management juniors.
  • Allianz Egypt
    Senior Risk Management Officer
    Allianz Egypt Feb 2012 - Jan 2015
    Cairo, Egypt
    Job Summary: Evaluate the effectiveness of the company's internal control framework in addressing risks and accomplishing the company’s goals and objectives, in addition to establishing and monitoring key risk indicators, following up on the implementation of corrective action plans to mitigate risks.Responsibilities:- Timely calculation of the Economic solvency capital requirement in line with solvency II (QIS5 specifications).- Developing necessary supporting models for company’s capital assessment.- Responsible for the implementation and monitoring of operational risk management framework in-line with Allianz Group minimum standards.- Responsible for the development, implementation and monitoring of the group’s risk strategy.- Conducting risk assessment for processes and special projects, challenging and follow-up on implemented action plans by risk assessors and reporting top risks to the Group.- Preparation of quarterly qualitative and quantitative risk reports in line with Allianz Group standards.- Prepare quarterly Risk Committee material, provide data and reports as required by Allianz Group.- Coaching and training of subordinates to ensure the effectiveness of their activities and their adherence to Allianz service standards, policies, procedures, and authority limits.- Coordinate and assist the Chief Risk Officer (CRO) as and when required.
  • Allianz
    Risk Analyst (Training)
    Allianz Aug 2011 - Jan 2012
    Munich Area, Germany
    Job Summary: On job training on Solvency II and risk management tasks in order to have a well-established risk management unit in Allianz Egypt.Responsibilities: - Training on the calculation of the Economic solvency capital requirement (SCR) using the standard formula and in line with Solvency II QIS5 specifications.- Training on providing an appropriate qualitative and quantitative risk reports as per Allianz standards.- Training on preparing quarterly Risk Committee material as required by Allianz Group.
  • Allianz Egypt
    Lead Actuarial Analyst
    Allianz Egypt Dec 2008 - Jul 2011
    Giza, Egypt
    Job Summary: Prepare the Financial Statements according to the IFRS for both L&H and P&C companies and providing additional financial analysis of the statements to the external entities locally and internationally. Also participate in preparing the business plan.Responsibilities:- Creating and modifying the business plans for the company, which requires high technical skills in data analysis and Actuarial knowledge.- Prepare and present EVA, Solvency, Investment portfolio performance reports and carrying out data analysis.- Prepare and present Financial Statements (according to IFRS), analyze the financial results and review the reported package with related parties as Allianz SE, EFSA, Investment Portfolio Managers and External auditors.
  • Delta Insurance
    Actuarial Specialist
    Delta Insurance Dec 2007 - Nov 2008
    Actuarial Department & Corporate
    Job Summary: Maintain excellence in providing Actuarial support to all L&H Products and providing the necessary analysis for executives and board members.Responsibilities:- Preparing quarterly mathematical reserve for all LoBs (Individual, Group Life and Group Pension).- Assisting the Corporate department in issuing new group policies, renewals and preparing quotations for Group Life, Group Pension and Credit Life.- Providing Actuarial support in all life products and relative IT Systems.- Preparing comparative studies on competitors’ products and quotations.- Preparing EFSA Reports for audit purposes and other internal issues.

Ibrahim Said Education Details

Frequently Asked Questions about Ibrahim Said

What company does Ibrahim Said work for?

Ibrahim Said works for Gig Egypt Life Takaful

What is Ibrahim Said's role at the current company?

Ibrahim Said's current role is Senior Manager - Enterprise Risk Management.

What schools did Ibrahim Said attend?

Ibrahim Said attended Cairo University.

Who are Ibrahim Said's colleagues?

Ibrahim Said's colleagues are Asmaa Sakr, Mona Aboelela, Ibrahim Khamis, Sanaa Yehia, Tasneem Mamdouh, Ahmed Gamil, Sara Mohammed Ismail.

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