Zainal Abidin Mohd Kassim
FIA, FASM, FSAS, ASA
Zainal is our managing director, and a pioneer in the actuarial field in Malaysia having been active in the scene since 1982. He benefits from having garnered experience across all the actuarial related field of life and general insurance, pensions and investment.
Zainal has been with the company since 1982. His consulting experience spans the full spectrum of actuarial services including life and general insurance consulting, family and general Takaful consulting, retirement and employee benefit consulting and investment consulting. He was among the first five Malaysians to qualify as a Fellow of an actuarial professional body.
With the benefit of a long and diverse career in actuarial consulting, he currently specializes in the strategic aspects of takaful, insurance, IFRS17 and retirement consulting. He is a firm believer that the best solutions are those that consider the long-term needs of all stakeholders. This requires looking at problems on a holistic basis and recognizing the limitations of solutions that overly rely on laws to regulate behaviors. Zainal has written many articles and spoken at conferences globally on his experiences with the development of takaful. He was the first actuary to practice takaful in Malaysia. He has also been involved in strategic analysis and the setup of takaful and retakaful operators in Asia, Africa and Europe.
Zainal started his career as a pension actuary and remains active in retirement consulting. He is a member of the International Accounting Standards Board Working Group in London which reviewed proposed changes to IAS 19, accounting for pensions and other retirement benefits. He is on the Malaysian Accounting Standards Board (MASB) WG52 which was entrusted to provide feedback on IFRS 17 during the formulation phase on behalf of the Board. He subsequently sat in the MASB TRG on the implementation of IFRS 17 for takaful.
Zainal also consults as a short term consultant on several World Bank projects on insurance and takaful bringing his vast experience to assist developing countries to update their regulatory framework for insurance and takaful. This include assignments in Bhutan, Bangladesh, Turkey, Somalia, Afghanistan, Kenya, Indonesia, Philippines and Sudan.
He is a Fellow of the Institute and Faculty of Actuaries of the UK, a Fellow of the Actuarial Society of Malaysia, Fellow of the Singapore Actuarial Society and an Associate of the Society of Actuaries in the USA. He graduated in 1978 from City, University of London with a First Class Honours degree in Actuarial Science.
He is a past President of the Actuarial Society of Malaysia.