Session I: 25 February 2014
Presentation: Shariah - Compliant Insurance & The Case of Saudi Arabia
Presented By: David Anthony
Designation: Director - Standard & Poor's Financial Services Group: EMEA
Shariah - Compliant Insurance & The Case of Saudi Arabia
Key Issues and Challenges:
- Short Summary of Perceived Strengths & Weaknesses Across The Sharia-Compliant Insurance Sector
-CASE STUDY: Sharia-Compliant Insurance In The Kingdom of Saudi Arabia
- Some Conclusions On Both Takaful Generally, And On The Current Situation In Saudi Arabia
Session I: 25 February 2014
Presentation: The Prospects of Takaful In Africa
Presented By: Yousif El Lazim Gamma
Designation: Senior Underwriter - The African Takaful Reinsurance Company
The Prospects of Takaful In Africa
- General Overview
- Operating Environment
- Demographic Characteristics
- Overview of African Takaful Market
- How to accelerate Takaful Growth in Africa
- Takaful Challenges in Africa
- African Retakaful: Africa Re's response to Market Challenges
Session I: 25 February 2014
Presentation: Making Bancassurance Work in Saudi Arabia
Presented By: Ajmal Bhatty
Designation: Chief Executive Officer - Alinma Tokio Marine
Making Bancassurance Work in Saudi Arabia
- Strong economic fundamentals
- Growing affluent population
- Greater preference for Shariah compliant solutions
- Several bancassurance ventures already in place
- Very little savings culture, but changing
- High debt culture, this calls for protection
- Low insurance penetration, but improving trend
- A good mix of international and local players, evolving market of best international practices, innovation and talent development