Striking a New Balance - Synergies Between Takaful & Insurtech in the Middle East
Since inception, Takaful has seen sustained growth globally. This growth has been supported by growing demand from Muslims and non-Muslims seeking ethical financial services. In particular, ratings agency Moody’s expects Takaful premiums to grow in key regions such as the GCC, Southeast Asia and Africa. According to an A.M. Best report, in the UAE alone, Takaful insurer’s premium grew to $1 billion in 2018.
Despite the Takaful sector’s potential to expand its role in the Islamic finance industry, it is important for Takaful operators to embrace innovation to drive profitable growth needed to support the increasing demand for Islamic finance globally.
Join the Dubai International Financial Centre (DIFC), UAE Insurance Authority, SALAMA, Noor Takaful and Addenda for a session to understand the current landscape of Takaful in UAE and the region, and insights on how market demand for Takaful products has evolved over the years. During this interactive session, we will also address the future of Takaful and the importance of Takaful operators to continue to innovate and adopt technologies to remain competitive and at par with conventional insurance.
Please note this webinar is an on-the-record conversation and will be recorded.
Date: Monday, 27 July 2020
Time: 12:00pm - 1:00pm GST
12:00pm –12:10pm: Welcome and insights by Salmaan Jaffery, Chief Business Development Officer, DIFC Authority
12:10pm – 12:20pm: Opening Remarks by H.E. Ebrahim Al Zaabi, Director General, UAE Insurance Authority
12:20pm – 12:30pm: Evolution of Takaful product and market demand by Debashish Maitra, General Manager Family Takaful, SALAMA
12:40pm – 12:50pm: Digital transformation and trends by Frederik Bisbjerg, Chief Strategy & Digital Acceleration Officer, Noor Takaful
12:40pm – 12:50pm: Innovation and synergies for Takaful by Walid Daniel Dib, CEO, Addenda
12:50pm – 1:00pm: Q&A