Tuesday 11 August 2020

300 global experts for Takaful & InsurTech forum

DUBAI, March 17, 2019

Over 300 industry leaders from GCC, Asia, Africa and Europe are expected to converge at the upcoming Takaful & InsurTech Conference (WTIC) in Dubai, UAE.

Convened by Middle East Global Advisors, a leading financial intelligence platform, in strategic partnership with the Dubai International Financial Centre Authority and supported by the UAE Insurance Authority (IA) and the Dubai Islamic Economy Development Centre (DIEDC), the 14th edition of the forum will take place on April 1 and 2 at Address Dubai Mall Hotel

Themed “Reinforcing Customer Engagement and Operational Agility through Digital Transformation”, the conference will see unique innovations in the form of an Innovative Insurer Showcase Session.

Attendees can explore transformative solutions by way of insurance products, services and technologies, an exclusive Regulators’ Rendezvous whereby insurance regulators from GCC & Asia will share the best regulatory mandates and practices for the industry to unleash its full potential whilst maintaining compliance, an Insightful Audit Session on IFRS17, the World Takaful & Insurance Huddle - a congregation of global Takaful leaders to exchange viewpoints and Presentations focusing on artificial intelligence solutions that detect insurance fraud and streamlining aggregators’ regulations for better governance, among others.
Abdulla Mohammed Al Awar, chief executive officer, Dubai Islamic Economy Development Centre (DIEDC), will deliver the opening keynote address at the 14th World Takaful & InsurTech Conference, with the vision of furthering the ecosystem for Islamic insurance to thrive and grow in global markets, while Salmaan Jaffrey, chief business development officer, Dubai International Financial Centre Authority, will offer his insights on building an insurance ecosystem and driving business value and internal data science capabilities in Takaful and conventional insurance by leveraging on insurance innovations.

Key industry veterans from leading corporates, banks and regulatory bodies will headline the forum and impart valuable insights on a host of central themes affecting the Takaful and Insurance Innovations industry at large.

Ahead of moderating the key panel on embracing innovation and technology in the insurance industry, Mark Cooper, general representative Middle East & director, Lloyd’s Limited, said: “The 2019 World Takaful & InsurTech Conference in Dubai offers a positive opportunity for all delegates to come together and discuss developments within the Takaful industry. There has never been a more exciting time to be looking at how the Takaful markets can play a greater leadership role within the global insurance industry, an industry that is actively redefining itself in a rapidly changing world.”

Sager Nadershah, managing director, Aljazira Takaful, will offer his insights on aiding Takaful operators through substantial regulatory requirements on technical underwriting, pricing, technology adoption and risk management.

“Saudi Insurance market continues to evolve due to strong government reforms and long term vision supporting the insurance industry growth namely expanding insurance coverage to increase penetration, enhancing the company's corporate governance, focusing on building strong solvent companies, enabling business through talent creation and increasing the penetration of protection and saving sector. It is my pleasure to a part of the 14th Annual World Takaful & InsurTech Conference and address these key points”, said Nadershah.

WTIC 2019 will also see the launch of the Milliman Monitor 2018 UAE insurance report, equipping Takaful leaders in the regulatory, demographical and technological landscape to take stock of the key industry trends, and explore factors that are critical to their organization’s long-term growth.

Speaking ahead of the launch of the report, Safder Jaffer, managing director & consulting actuary - Middle East & Africa, Milliman, said: “The insurance and takaful industry in UAE has yet again demonstrated strong underwriting profitability despite minimal premium growth in 2018. Takaful operators in particular appear to be improving on their results. However, the industry continues to face challenges of softening of rates and the WTIC forum provides ample of opportunity to discuss industry trends with leading practitioners in UAE and the region.” – TradeArabia News Service



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