Mr. Tahir Ahmed(Chairman of The Insurance Association of Pakistan)
Mr. Tahir Ahmed, Managing Director & Chief Executive Officer New Jubilee Insurance Company Limited is a Metallurgical Engineer by profession, he holds MBA (IBA, Karachi) degree and is also an Associate of Chartered Insurance Institute (ACII), London.
Mr. Ahmed has been associated with the insurance industry for the last three decades. He has spent almost 25 years with Adamjee Insurance where he obtained extensive experience in all areas of general insurance business including Engineering, Marine Hull & Machinery, Energy Risks and Aviation. As General Manager (Operations) of Karachi Zone in Adamjee he oversaw the growth from 25 to 46 branches and premium from less than quarter billion to almost 3 billion rupees.
Mr. Ahmed joined NJI in August 2004 and since then the company has positioned itself as provider of atypical insurance solutions including specialized lines e.g. Crop insurance, products for financial institutions like Banker’s Blanket, Bank Lockers, Credit Card insurance, Computer Crime, Directors & Officers Liability and Personal Lines products. The Company has also progressed rapidly in highly technical area of Engineering Projects insurance.
Mr. Ahmed presently holds the Chairmanship of the Insurance Association of Pakistan (IAP) and is a Council Member of Pakistan Insurance Institute (PII). Earlier, he held the Chairmanship of the IAP in 2006-07.
Insurance is a risk transfer mechanism. It’s a method of shifting the responsibility for losses to specialists (insurance companies) who handle the risk by spreading it over a large number of people or firms.
