The 5th Annual World Takaful Conference (WTC 2010), held under the theme Managing Risk; Driving Growth, features a dynamic session focusing on how the industry must reshape product offerings in order to capture new growth opportunities in under-penetrated markets as the Islamic insurance industry repositions in the aftermath of the global economic crisis.




This session, chaired by George Oommen, Executive Director for Re-Insurance & Captives at Dubai International Financial Centre (DIFC), will explore the latest innovations in Takaful products as the industry seeks to better match product development with consumer demographics so as to more fully realise potential in under-penetrated markets. Industry experts including Parvaiz Siddiq, the Chief Executive Officer of Noor Takaful, and Rafiq Halani, General Manager of General & Health Takaful at Salama Islamic Arab Insurance Co. (P.S.C) will offer insights into the pre-requisites for the expansion and sustainability of Takaful across new markets; while Shahril Azuar Jimin, the Chief Executive Officer of Etiqa Takaful Berhad will explore the option of reaching out with low cost Takaful solutions. Challenges and opportunities from a legal perspective will be discussed by Peter Hodgins, Partner for Corporate Insurance at Clyde & Co Middle East.


During this interactive session, industry leaders will pinpoint the core business issues for the Islamic insurance market with emphasis on the innovations in Family Takaful Products: Models and operational issues; improving technical underwriting profits in Takaful; and assessing the MicroTakaful opportunity.

---

Timely & Original Analysis on the Takaful Market: The Ernst & Young World Takaful Report