Andersen Consulting welcomes actuarial advisory firm SHMA to network

Andersen Consulting has expanded its footprint in the Gulf region through a collaboration agreement with SHMA, an actuarial and financial advisory firm headquartered in the UAE.

Established in 2015, SHMA is an actuarial consulting firm that helps organizations with actuarial and insurance advisory, risk management, and valuation of end-of-service benefits. The firm, which has over 100 staff working from offices in the UAE, Saudi Arabia and Pakistan, works with insurance companies, pension schemes, and other private and public organizations.

Commenting on the affiliation with Andersen Consulting, one of the world’s larger consulting networks, SHMA director Shariq Sikander said: “Collaborating with Andersen Consulting provides us with the opportunity to extend our impact globally and expand our actuarial services beyond the MENA region, bringing innovative, client-focused solutions to organizations seeking practical and transformative approaches to their business challenges.”

Re-launched at the start of 2025, Andersen Consulting currently has more than 4,000 professionals and a presence in over 65 countries. By 2028, the company aims to join the consulting industry’s illustrious $1 billion club.

The Middle East is an important expansion market for the group, and over the past year, similar collaborating agreements have been signed with close to a dozen firms, including iNNOVATEQ, Hilal Technology, VaporVM, Ventures and Sidat Hyder.

Mark Vorsatz, global chairman and CEO of Andersen (the parent of Andersen Consulting), stated: “The collaboration with SHMA strengthens our services portfolio in the region. SHMA’s deep expertise in actuarial, insurance, and employee benefits complements our consulting platform, enabling us to deliver holistic solutions that empower organizations to thrive in an evolving business environment.”