Regulation, Standards and Rating in a Demanding Global Environment
Session III: 23 February 2016
Presentation: Review of Regulatory Changes in Takaful
Presented By: Ajmal Bhatty
Designation: Director, Tokio Marine Middle East
Takaful Regulatory Changes in Takaful:
Key Updates in:
- The GCC
- Pakistan
- Malaysia & Indonesia
- Status of Regulations in other Takaful Markets
Key Gaps:
- Lack of Regulatory Uniformity
- The Need for Promoting Ethical Dimension
Session III: 23 February 2016
Presentation: Standardising Takaful / Retakaful Provision
Presented By: James Smith
Designation: Executive Director, Financial Services Ernst & Young LLP
Standardising Takaful / Retakaful Provision
Key Points:
- What is the Islamic Financial Services Board?
- How is a standard Prepared
- Key points of the approach
- IFSB Standards specific to Takaful
- Standardisation
Session III: 23 February 2016
Presentation: Sharia-Compliant Insurance & Reinsurance in The GCC in 2016, As Oil Prices Remain Low
Presented By: David Anthony
Designation: Director - Lead Analyst, F.S. Insurance, Standard & Poor's Ratings Services, London
Sharia-Compliant Insurance & Reinsurance in The GCC in 2016, As Oil Prices Remain Low
Key Points:
- Why Has The Oil Price Continued To Fall, And What Does This Mean For GCC Insurers Generally?
- How Will The Fall In Oil Revenues Impact The Region's Sharia
- Compliant Insurers & Reinsurers In Particular?
- FOCUS: Saudi Arabia & UAE Insurance Sectors
- Conclusions: Some Thoughts On Takaful and Islamic Cooperative Insurance