Executive Director
a. On 22nd November, 2011 PACRA downgraded IFS (Insurer financial strength) rating of Shaheen Insurance (SICL). Shaheen Foundation management who owns 47 % of Shaheen Insurance then decided to give me additional responsibility of ED SICL.b. I started working on the problems pointed out by PACRA due to which the IFS ratting lowered from A- to B+, after closely working for six weeks I was able to satisfy PACRA of the improved financial conditions of SICL and thus revising the SICL IFS rating again from B+ to A- in just six weeks. c. Restructuring of SICL was initiated for making its structure more efficient and cost effective.d. Concept of business intelligence was introduced to see whether a particular business would be profitable or not before doing it.e. Branch and organization wise performance analysis was also introduced to see which branches are profitable and which are making loss for applying corrective actions.f. Non productive expenditures were rationalized to increase available fiscal space for making available more funds for productive jobs/increasing revenue generation.