DAMANA
Aliasgar Sshakir is an individual with extensive work experience in the finance industry. Aliasgar began their career in 2006 as an Assistant Vice President of Finance at DAMANA, where they played a crucial role in financial management. In the same year, they also took on a similar position at ACE Gallagher, contributing to the company's financial success until 2023. Additionally, Aliasgar served as the Chief Accountant at Saudi Arabian Insurance Company B.S.C. (c) for a decade, showcasing their expertise in accounting and financial operations. With an MBA in Financial Management and certification in CII, Aliasgar Sshakir possesses a strong foundation of knowledge and skills in their field.
Aliasgar Sshakir has a diverse educational background in accounting, finance, and insurance. Aliasgar obtained a Cert CII Level 3 from the Chartered Insurance Institute in 2021, specializing in insurance. In 2020, they completed a Master of Business Administration (MBA) degree from Jaipur National University, with a focus on accounting and finance. Prior to their MBA, Aliasgar earned a Bachelor of Commerce (BCom) degree from the University of Mumbai between 1995 and 2000, majoring in accounting. Aliasgar'seducational journey began at Sacred Hearts Boys High School in Mumbai, although specific details about their degree or field of study are not provided.
In addition to their formal education, Aliasgar has also pursued various certifications. Aliasgar obtained a certification in Budgeting and Forecasting from the Corporate Finance Institute in March 2023. Furthermore, they received certifications from the Chartered Insurance Institute, including a Cert CII in November 2021 and an Award in General Insurance in September 2021.
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DAMANA
The Group started its insurance operation in 1964 by acquiring Al Nisr Insurance Co. in Lebanon. In 1980, the Group established the Saudi Arabian Insurance Company BSC (c) and in 2007 became a founding member in the Saudi Arabian Cooperative insurance company in KSA. Today, DAMANA is a prominent insurance group with operations in the GCC & Lebanon offering a wide range of insurance solutions for businesses and individuals. During the past half century, DAMANA Group invested in other insurance and reinsurance companies, an assistance company and a Third Party Administrator. DAMANA’s vision is to be the leading regional insurance organization. Backed by over 240 specialized and dedicated employees. DAMANA is well positioned to offer customers competitive and comprehensive insurance solutions across 7 offices, in 5 countries around the Gulf and Lebanon, through a single operational platform. DAMANA’s success is attributed to its financial stability, the backing of excellent reinsurance securities, plus its commitment to pay claims fairly and promptly. DAMANA has the flexibility and ability to quickly adapt to change and to operate in the most difficult and dynamic conditions whether it is economical, technological or legal that constantly change the risk profiles of businesses. DAMANA’s clients are a mix of individuals, SMEs and large corporations working in various sectors including construction, power, infrastructure, consumer goods, logistics, and banking and finance. DAMANA’s in-house insurance service provider, SAICOHEALTH CARE, provides personalized and prompt medical insurance administration services to customers. DAMANA had received an inaugural Financial rating in 2017 by AM Best.* (*For the latest rating, please check AM Best website) DAMANA, Saudi Arabian Insurance Company B.S.C.(c) is licensed & regulated as locally incorporated insurance firm by the Central Bank of Bahrain.