Faisal Hamid

An actuarial consultant and Principal, Faisal joined Eckler’s property and casualty insurance consulting practice in 1996. Before that, he spent three years working in the corporate actuarial department of a large global insurance company.  Since then, he has worked on a wide variety of projects, specializing in financial reporting matters ((including IFRS 17 implementation) and financial condition testing.  He has consulted for many different types of clients, including direct writers, reinsurers and industry associations, and ranging from large, long-established insurers to small start-ups.

Faisal has helped to build and maintain many successful, long-standing client relationships in Canada and in the Caribbean by acting as the principal point of contact with company management.  He works closely with other experienced consultants at Eckler while providing guidance to and mentoring junior level staff.

He became a Principal of the firm in 2013.

• Automobile insurance pricing
• Caribbean insurance
• Financial Condition Testing / Dynamic Capital Adequacy Testing
• IFRS 17 implementation
• Industry pools and associations
• Insurance start-ups
• Mergers and acquisitions
• Reinsurance
• Stress testing
• Target capital analysis
• Title insurance
• Valuation of policy liabilities

Professional Qualifications 

• University of Waterloo – Honours Bachelor of Mathematics, Actuarial Science
• Associate of the Canadian Institute of Actuaries (ACIA)
• Associate of the Casualty Actuarial Society (ACAS)
• Member of the Caribbean Actuarial Association (CAA)

Professional Activities

• Speaker, Milliman Casualty Consultants Forums
• Speaker, Caribbean Actuarial Association Annual Conferences

When not working hard to deliver stellar results to his clients, Faisal feeds his passion for travel by exploring the world near and far.