What's Happening?
Andersen Consulting has announced a collaboration agreement with SHMA, an actuarial and financial advisory firm based in the UAE. SHMA, established in 2015, provides actuarial and insurance advisory, risk management, and valuation of end-of-service benefits.
The firm operates in the UAE, Saudi Arabia, and Pakistan, serving insurance companies, pension schemes, and other organizations. This partnership allows SHMA to extend its services globally, offering innovative solutions to business challenges. Andersen Consulting, re-launched in 2025, aims to join the $1 billion club by 2028, with over 4,000 professionals in 65 countries. The Middle East is a key expansion market, with Andersen signing similar agreements with firms like iNNOVATEQ and Hilal Technology.
Why It's Important?
The collaboration between Andersen Consulting and SHMA signifies a strategic expansion in the Gulf region, enhancing Andersen's service portfolio. SHMA's expertise in actuarial, insurance, and employee benefits complements Andersen's consulting platform, providing holistic solutions to organizations. This partnership is crucial for Andersen's growth strategy, aiming to increase its market presence and reach the $1 billion revenue mark by 2028. The expansion into the Middle East reflects the region's growing importance in the consulting industry, offering opportunities for innovative and client-focused solutions. The collaboration is expected to strengthen Andersen's competitive position and attract new clients seeking comprehensive business solutions.
