Empowering Futures: SHMA Consulting’s Flourishing Internship Program

In a world where experiential learning is paramount, SHMA Consulting has set a commendable precedent with its successful internship program. Launched in June, this initiative has not only provided a platform for budding talents to thrive but has also enriched the organization with fresh perspectives and dynamism. With a cohort of 10 interns hailing from

Celebrating Independence Day at SHMA Office: Embracing a Vision of Hope and Unity

As the nation of Pakistan commemorates its 76th Independence Day, hopelessness has stricken the country but unity resonates through every corner of the country. At the heart of this celebration lies the profound significance of freedom, a freedom hard-fought and cherished by generations. The SHMA office joins this national sentiment by hosting a vibrant event

Generation X Faces Retirement Realities: Navigating Financial Challenges

As the Generation X cohort, born between 1965 and 1980, inches closer to retirement age, a pressing concern is navigating the financial realities of retirement. Shaped by economic shifts, changing work patterns, and societal transformations, this generation is facing unique challenges as they approach their golden years. A closer examination, enriched with compelling statistics and

UAE GPSSA Launches GCC Campaign on Insurance Protection

The United Arab Emirates (UAE) General Pension and Social Security Authority (GPSSA) has taken a pioneering step towards enhancing social security in the Gulf Cooperation Council (GCC) region. Recognizing the paramount importance of insurance protection in safeguarding citizens’ well-being, the GPSSA has initiated a significant campaign aimed at raising awareness about insurance coverage. This campaign

Appraisals – The importance of incentives in the workplace

The Power of Incentives: Elevating Workplace Performance Through Appraisals In the dynamic realm of workplace dynamics, the role of incentives in driving performance and productivity has garnered significant attention. Performance appraisals, an integral component of talent management, offer a structured framework to recognize and reward employees’ contributions. Backed by compelling statistics and insights, it becomes

The Digital Future of Insurance: Is 100% Digitalization Attainable?

The insurance industry stands on the precipice of a digital revolution, transforming traditional processes and redefining customer experiences. The question that looms large is whether a fully digitized insurance industry is a distant dream or an achievable reality. As we examine the current landscape, backed by statistics and insights, the trajectory towards 100% digitalization becomes

Navigating Complex Challenges: How Insurers Can Adapt to a Changing Landscape

In the ever-evolving world of insurance, companies are facing a multitude of challenges that demand strategic planning, innovation, and adaptability. The combination of inflation, rising interest rates, climate change, and talent shortages presents a complex mix of hurdles. To weather this storm, insurers must implement a range of strategies that address these challenges head-on, ensuring

The Evolution of Culture and Technology in the Workplace

In the past few decades, the whole world went through a paradigm shift in the wake of rapid technological revolution across the globe, shifting our collective perspective towards many facets of life and transforming old practices and ways of doing things. With everything changing around us, workplace culture has also undergone a significant transformation, reflective

Pakistan and the Future of the Youth Population

The future of youth in Pakistan is deeply intertwined with the nation’s overall development and progress. Pakistan, with a substantial and youthful demographic, holds immense potential for growth, innovation, and positive change. However, several critical factors, including political instability, economic challenges, access to education, ethical considerations, interdisciplinary collaboration, and a global perspective, contribute heavily to

The Growth of Microinsurance

Microinsurance is a form of insurance designed to make important insurance options more accessible, for individuals and families with financial resources, in developing countries. Its purpose is to provide coverage for situations like illness, injury, or loss of life for people with valuable assets. This is achieved by combining policies into larger frameworks, which creates

Prioritizing Cyber Risk Insurance Management

Cyber risks have become a significant concern in today’s interconnected world, with businesses relying heavily on digital technologies and data. As cyberattacks become more complex and frequent, organizations are turning to cyber risk insurance to mitigate these risks and protect their digital assets. However, it’s not enough to simply purchase a policy; it’s essential to

The Impact of Non-traditional Factors on Healthcare Risk Adjustment

Healthcare risk adjustment is a crucial step in ensuring the fair distribution of resources within the healthcare sector. Traditional risk adjustment models rely on variables like age, gender, and diagnosis codes to estimate anticipated costs. However, as the healthcare industry evolves, non-traditional variables are becoming increasingly important. Variables such as geography, BMI, education, and income