Session III

Global Regulation of Takaful

Vasilis Katsipis

Session III: 18 February 2013
Presentation: Global Perspective of Takaful Regulation
Presented By: Vasilis Katsipis
Designation: General Manager, A.M. Best

Global Perspective of Takaful Regulation

- What is a Financial Strength Rating
- Financial Strength Ratings
- Country Risk Analysis
- Balance Sheet Strength
- AM Best's Capital Adequacy Ratio (BCAR)
- Equity Characteristics
- Complications Arising from Takaful Model
- Regulatory / Legal Frameworks can Provide Clarity
- The GCC Takaful Regulatory Landscape
- Impact of Regulation on FSR 1/2
- Mitigating Actions to Ensure PH Protection
- Conclusion

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Dr Walid Hegazy

Session III: 18 February 2013
Presentation: Investigating the Egyptian Regulatory Framework for Takaful
Presented By: Dr. Walid Hegazy
Designation: Crowell & Moring

Investigating the Egyptian Regulatory Framework for Takaful

- General Overview of Insurance
- Regulations in Egypt
- Lack of Takaful-Specific Regulations
- Objectives of Islamic Finance Regulations
- Differentiating Features of Takaful Regulations

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Ffion Flockhart

Session III: 18 February 2013
Presentation: IFSB Regulations on Risk Management
Presented By: Ffion Flockhart
Designation: Partner, Norton Rose LLP

IFSB Regulations on Risk Management

- What are the risks?
- Risks specific to takaful operators
- Other major risks facing takaful operators

- How should those risks be managed?

- Policies and strategies
- Risk Assessment
- Risk monitoring

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