Pioneering Leadership and Unmatched Expertise

Ashwag Alzahrani stands as a beacon of inspiration and achievement, being the first Saudi woman to earn the prestigious Fellowship designation and become a Chartered Enterprise Risk Management Professional (CERA). Her groundbreaking accomplishments have not only elevated the actuarial profession within Saudi Arabia but also earned her international recognition as a visionary leader in risk management and actuarial science.

A Journey Marked by Resilience and Excellence

Ashwag’s academic and professional journey is a powerful story of determination, intellect, and pioneering spirit. She earned her Master’s degree in Actuarial Science from Concordia University, Canada, specializing in pension and risk management. Despite facing personal hardships, Ashwag excelled academically, becoming the first to have her master’s project published in Concordia’s university library—an honor that underscores her commitment to advancing knowledge in her field.

During her studies, Ashwag initiated postgraduate seminars to foster discussion and enhance soft skills among her peers, demonstrating early leadership and a passion for community-building. Her academic foundation is further strengthened by a Bachelor of Science in Mathematics from King AbdulAziz University and an Executive Certificate in Strategy and Innovation from MIT Sloan School of Management.

Breaking Barriers and Shaping the Profession

Ashwag’s influence extends far beyond personal accolades. She has been instrumental in promoting the actuarial profession in Saudi Arabia, playing a key role in the establishment of the Saudi Society of Actuaries and forging strategic partnerships with international institutions. Her volunteer work with the Society of Actuaries includes organizing major conferences in the Kingdom, helping to raise awareness and build capacity within the profession.

She shattered glass ceilings as the first female to hold a managerial position within the actuarial function at Alrajhi Takaful, setting a precedent for women in the industry. Today, as an independent consultant and co-founder of Risk IQ, Ashwag continues to drive actuarial modernization, collaborating with global firms like PwC and government entities to deliver strategic risk solutions.

Visionary Leadership and Impact

Ashwag’s expertise spans over a decade, encompassing actuarial science, enterprise risk management, and strategic consulting. She is passionate about helping organizations navigate complex risks and seize opportunities through data-driven insights and innovative strategies.

As Co-Founder and CEO of IQ Risk IQ Consulting, she provides tailored advice to a diverse range of clients, empowering them to make informed decisions in an increasingly uncertain world. Additionally, Ashwag hosts The Actuary Podcast, sharing valuable insights and best practices to inspire and educate professionals in the field.

Her role as an Advisory Board Member extends across multiple universities, where she contributes to the development of actuarial education and research, nurturing the next generation of talent and advancing the profession throughout Saudi Arabia.

Recognition and Achievements That Inspire

• First Saudi female Fellow of the Society of Actuaries (FSA) and Chartered Enterprise Risk Analyst (CERA).
• Recognized by SCOR Reinsurance in 2024 for her outstanding contributions to the actuarial profession and risk management.
• Published pioneering research on pension and risk management, setting academic benchmarks.
• Led initiatives to establish and grow the actuarial profession in Saudi Arabia through education, advocacy, and collaboration.
• Broke gender barriers in leadership roles within the actuarial function of leading financial institutions.
• Developed and delivered impactful actuarial training and seminars fostering professional development.

A Tribute to Ashwag Alzahrani

Ashwag Alzahrani’s journey is a shining example of how passion, perseverance, and expertise can transform industries and inspire communities. As a trailblazer, she has not only redefined what is possible for women in actuarial science but also elevated the profession’s stature within Saudi Arabia and beyond.

Her visionary leadership, commitment to education, and dedication to advancing risk management continue to shape the future of the actuarial field. As part of The Spotlight 100, we celebrate Ashwag’s remarkable achievements, honor her pioneering spirit, and recognize her as a true leader and role model in the global actuarial community.