Badri Management Consultancy
Badri Management Consultancy is a Dubai-based actuarial consultancy providing IFRS 17 actuarial reporting, insurance reserve estimation, and risk management services to insurance companies under FSA oversight in Oman.
- Company typePrivate
- Founded2014
- HeadquartersDubai, United Arab Emirates
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Badri Management Consultancy does
Badri Management Consultancy is a private professional services firm founded in 2014, operating with a Dubai headquarters and primary regulatory oversight from the Financial Services Authority (FSA) in Muscat, Oman. The firm provides risk management, business analysis, and consultancy services spanning life, medical, and motor insurance, and operates with 101-250 employees. Its core functional offering is actuarial reporting services for insurance companies, including preparation of actuarial reports and estimation of insurance reserves in compliance with International Financial Reporting Standard (IFRS 17) under FSA instructions governing technical accuracy and full disclosure of insurance reserve estimation procedures.
The firm's business model is built on serving a single disclosed customer vertical — insurance companies operating in Oman that require statutory actuarial reporting to satisfy FSA regulatory obligations. Go-to-market is therefore narrow: the addressable client base is constrained to the population of FSA-regulated insurers in Oman and adjacent Gulf markets. Pricing details are not publicly disclosed, consistent with a project-based or retainer-style consultancy model typical of niche actuarial practices. No technology platform, proprietary product, mobile application, API, or AI capability is documented in the available sources.
In 2026, the firm received an administrative warning from the FSA for failing to meet minimum requirements for actuarial reports for the financial year ending December 2024, with cited deficiencies in IFRS 17 technical accuracy and reserve estimation disclosure. This regulatory action is material to the firm's standing and represents a meaningful reputational and compliance risk that could affect client retention in a concentrated market. Beyond the founding event, the FSA warning, and the Dubai-Oman dual presence, no funding rounds, acquisitions, partnerships, leadership changes, or product launches are documented.
Badri Management Consultancy firmographics
Firmographics- Name
- Badri Management Consultancy
- Legal name
- Badri Management Consultancy
- Website
- https://badriconsultancy.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Badri Management Consultancy is a Dubai-based actuarial consultancy providing IFRS 17 actuarial reporting, insurance reserve estimation, and risk management services to insurance companies under FSA oversight in Oman.
- Ownership category
- akta.pro rank
Badri Management Consultancy industry classification
Industry- Product category
- Actuarial and Insurance Consulting Services
- NAICS
- Management, Scientific, and Technical Consulting Services (5416), Management Consulting Services (54161)
- SIC
- Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)
- akta.pro secondary industry
- Enterprise Risk Management (ERM) Advisory (BPAHAFAA)
Keywords
Where Badri Management Consultancy is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Badri Management Consultancy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Badri Management Consultancy product offering
Product offeringCore offering
Badri Management Consultancy is a professional services firm that provides actuarial reporting, risk management, business analysis, and management consultancy services to insurance companies. Its core deliverable is the preparation of actuarial reports and estimation of insurance reserves in compliance with International Financial Reporting Standard (IFRS 17) and the Financial Services Authority (FSA) of Oman, covering life, medical, and motor insurance lines.
Product overview
No product information available. Based on the news article, Badri Management Consultancy is an actuarial consulting firm that provides actuarial reporting services for the insurance sector, subject to Financial Services Authority (FSA) oversight in Oman.
Differentiator
Problem solved
Functional benefit
Products and services
- Actuarial Reporting Services Preparation of statutory actuarial reports and estimation of insurance reserves for insurance companies in Oman, delivered in compliance with IFRS 17 and Financial Services Authority (FSA) instructions governing technical accuracy and full disclosure of reserve estimation procedures. Covers life, medical, and motor insurance lines.
- Risk Management Consulting Risk management advisory services for insurance sector clients, supporting identification, measurement, and mitigation of insurance and financial risks.
- Business Analysis Consulting Business analysis services for clients in the insurance sector, supporting operational and strategic decision-making.
- Insurance Advisory (Life, Medical, Motor) Insurance-specific consulting services spanning life, medical, and motor insurance products for insurance carriers operating in Oman.
Companies that use Badri Management Consultancy
Customer profileSegments1 record
Ideal customer profiles1 record
Badri Management Consultancy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Badri Management Consultancy partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights1 record
Badri Management Consultancy competitors and assessment
Company assessmentDirect peers
- Milliman: Milliman is one of the world's largest independent actuarial consulting firms, providing IFRS 17 reporting, reserve estimation, and insurance risk advisory. It is a direct peer because it competes for the same actuarial reporting mandates with regional insurers in the GCC.
- Willis Towers Watson: WTW provides actuarial, insurance, and risk consulting globally, including IFRS 17 implementation for insurers. It is a direct peer because it offers the same actuarial reporting and reserve estimation services that Badri delivers to Omani insurers.
- Oliver Wyman: Oliver Wyman is a management consulting firm with a strong actuarial practice serving life, health, and P&C insurers, including IFRS 17 transition work. It is a direct peer given overlap in actuarial services to insurance clients in the Middle East.
- KPMG (Lower Gulf / Oman practice): KPMG's Lower Gulf practice provides audit, tax, and advisory services including IFRS 17 actuarial advisory to insurers in Oman and the UAE. It is a direct peer because Big Four firms actively compete for the same actuarial reporting work Badri performs.
- Deloitte (Middle East): Deloitte's Middle East actuarial practice delivers insurance consulting, reserve valuations, and IFRS 17 reporting. It is a direct peer because it targets regional insurance carriers with the same actuarial and risk consulting services.
- EY (Middle East): EY's MENA actuarial team supports IFRS 17 implementation, actuarial audit support, and insurance risk advisory. It is a direct peer given overlap in actuarial reporting engagements with Gulf-domiciled insurers.
- PwC (Middle East): PwC's Middle East practice provides actuarial services, insurance consulting, and IFRS 17 advisory. It competes for the same kind of regulated actuarial work that Badri delivers under FSA oversight.
- Mazars (Middle East): Mazars provides audit, tax, and advisory across the Middle East including IFRS 17 actuarial and insurance consulting. It is a direct peer because mid-tier international firms like Mazars actively pursue the same insurance-sector mandates that Badri serves.
Broad incumbents
- Aon: Aon is a global professional services firm offering insurance brokerage, reinsurance, and risk management advisory alongside smaller actuarial offerings. It is a broad incumbent because it overlaps with Badri's risk advisory and insurance distribution activities rather than core actuarial reporting.
- Munich Re / Swiss Re (regional actuarial desks): Swiss Re and Munich Re operate reinsurance and advisory arms providing actuarial and IFRS 17-style reporting services to regional insurers. They are broad incumbents because they serve as reinsurers and advisors rather than core regional actuarial specialists.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Badri Management Consultancy social profiles
Digital presenceBadri Management Consultancy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Badri Management Consultancy leadership team
Management profileNumber of profiles
Badri Management Consultancy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Badri Management Consultancy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Badri Management Consultancy
What does Badri Management Consultancy do?
Badri Management Consultancy is a professional services firm that provides actuarial reporting, risk management, business analysis, and management consultancy services to insurance companies. Its core deliverable is the preparation of actuarial reports and estimation of insurance reserves in compliance with International Financial Reporting Standard (IFRS 17) and the Financial Services Authority (FSA) of Oman, covering life, medical, and motor insurance lines.
Is Badri Management Consultancy a public or private company?
Badri Management Consultancy is a private company. It is classified as unknown and is currently operating.
When was Badri Management Consultancy founded?
Badri Management Consultancy was founded in 2014. It employs 101 to 250 people.
Where is Badri Management Consultancy based?
Badri Management Consultancy is headquartered in Dubai, United Arab Emirates, in the Middle East region.
Who are Badri Management Consultancy's main competitors?
Direct peers on record are Milliman, Willis Towers Watson, Oliver Wyman, KPMG (Lower Gulf / Oman practice), Deloitte (Middle East), EY (Middle East), PwC (Middle East) and Mazars (Middle East). Broad incumbents are Aon and Munich Re / Swiss Re (regional actuarial desks).
Does Badri Management Consultancy have an API?
No public API is recorded for Badri Management Consultancy.
What industry is Badri Management Consultancy in?
Badri Management Consultancy's product category is Actuarial and Insurance Consulting Services. Its primary akta.pro industry code is BPAHABAF, Financial Reporting & Technical Accounting Advisory (GAAP/IFRS), with a secondary code of BPAHAFAA, Enterprise Risk Management (ERM) Advisory. Its NAICS code is 5416 and its SIC code is 8700.