14 & 15 April 2014, Dusit Thani Dubai, Dubai UAE.

Transcription

1 Indonesia at WTC 9th Annual Legal 14 & 15 April 2014, Dusit Thani Dubai, Dubai UAE. Gold s Technology Solutions Automotive Data & Refreshment Break Host Silver s WTC: For 9 Years The World s Largest & Most Influential Annual Gathering of International Takaful Leaders Keynote Speakers Abdulla Mohammed Al Awar Dubai Islamic Economy Development Centre Consulting Zainudin Ishak Chairman Malaysian Takaful Association Dr. Bassel Hindawi Immediate Past Insurance Commissioner of Jordan Member of the Steering Committee Mena Insurance CEO Club Platinum Strategic s Associate s Retakaful Life & Health Takaful Corporate Exhibitor Ratings Regulatory & Advisory Knowledge s Health Care Insurance Official Data News and Analytics WTC is a MEGA Brand MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Global Islamic Finance Industry Since 1993 t f P. O. Box 72045, Dubai

2 HIGH PROFILE SPEAKERS Abdulla Mohammed Al Awar Dubai Islamic Economy Development Centre Shahril Azuar Jimin Chief Commercial Officer Etiqa Insurance & Takaful Yassir Albaharna Arab Insurance Group (Arig) Gautam Datta Al Madina Insurance Company Nassib El Barbir Assistant General Manager Retakaful Takaful Re Limited Dr. Sayd Farook Phd Global Head Islamic Capital Markets Middle East & North Africa Thomson Reuters Peter Hodgins Clyde & Co Harun Kapetanovic Economic Advisor Department of Economic Development, Government of Dubai Fareed Lutfi Secretary General Emirates Insurance Association and Gulf Insurance Federation Transforming the Global Takaful Industry: Fresh Insights to Key Challenges and New WTC 2014 With a combination of carefully selected high-profile keynote speakers, key regulators and industry thought leaders, WTC 2014 is set to probe the major issues facing the global Takaful industry and discuss strategies to maintain growth and boost profitability. Keynote Speakers Dr. Mohamed Rafick Khan Abdul Rahman Munich Re Retakaful Wael Al Sharif Takaful Emarat Insurance PSC Eric Swats Head of Asset Management Rasmala Investment Bank Ltd Firas El Azem General Manager Takaful Re Limited Zainudin Ishak Chairman Malaysian Takaful Association The Keynote Power Debaters Nigel Denison Head of Wealth Management and Treasury BLME Safder Jaffer Managing Director & Consulting Actuary - Middle East & Africa Milliman Prem Sagar ACR ReTakaful MEA B.S.C. (c) Bahrain Sami Sharif, FSA, MAAA General Manager General And Health Division & Assistant to the CEO SALAMA - UAE Pervaiz Ahmed Head of Liabilities and Wealth Management Qatar International Islamic Bank Mohamed Hussein El-Dishish Emirates Retakaful Limited (Emirates RE) Lars Silberg Hansen Co-Founder and CEO Hummingbit Vasilis Katsipis General Manager, Market Development A.M. Best - MENA, South & Central Asia Ghassan Marrouche Executive Vice President Head of Branches Oman Insurance Co Zairulnizad Shahrim Executive Director AmInvest Dawood Yousef Taylor Senior Regional Executive - Takaful, Middle East Prudential Corporation Asia Dr. Bassel Hindawi Immediate Past Insurance Commissioner of Jordan Member of the Steering Committee Mena Insurance CEO Club Irshied Tayeb Head of Insurance & Reinsurance Bin Shabib & Associates (BSA) LLP y1.php For updated speakers - kers - For updated speakers - Other Confirmed Speakers Amer Daya Al Hilal Takaful Susan Dingwall Norton Rose Fulbright LLP Dr. Hatim El-Tahir, FCIB, FCISI Director- Islamic Finance Group Leader - Deloitte ME Islamic Finance Knowledge Centre (IFKC) Deloitte & Touche - Bahrain Rafiq Halani Director and CEO Securelink Insurance & Reinsurance Services ts.net/day1.php For updated speakers - ated speakers - For updated speakers - http megaevents.net/day1.php rldtakaful.megaevents.net/day1.php Sohail Jaffer Deputy CEO FWU Global Takaful Solutions For updated speakers - For updated speakers - Ayman A. Khaleq Morgan, Lewis & Bockius LLP in association with Mohammed Buhashem Advocates & Legal Consultants Nor Rejina Abdul Rahim Managing Director Nomura Asset Management Malaysia Prasanna Seshachellam Director & Head of Prudential Risk Supervision Dubai Financial Services Authority (DFSA) Sankalp Sughosh Vice President Consulting & Business Development AETINS Sdn Bhd For updated speakers - Srikandi Utami Vice President and Head of Shariah PT Sun Life Financial Indonesia - Join the Industry Leaders at WTC 2014: Call to Register Now For updated spea For upd

3 UPDATED INTERACTIVE SESSIONS Conference Day 1: Monday 14th April to Registration and Refreshments Opening of the 9th Annual World Takaful Conference to Moderator s Opening Remarks Moderator: Safder Jaffer Managing Director & Consulting Actuary - Middle East & Africa Milliman to Inaugural Address: New Visions for Takaful and ReTakaful: Capturing the True Potential of the Islamic Insurance Industry ul.megaevents.net/day1.php Inaugural Keynote Speaker: Abdulla Mohammed Al Awar Dubai Islamic Economy Development Centre Positioning Takaful as an integral component of a broader economic strategy Visions for the advancement of Takaful: What must be done by governments, regulators, industry bodies and operators to ensure that the Takaful industry achieves its full potential? Overcoming the key challenges in the drive to mainstream Takaful Expo 2020 and its potential positive impact on the development of the insurance industry in Dubai, the UAE and regionally to Session 1: International Keynote Plenary: (09.20 to 09.50) Session 1a: The Future of Insurance Regulations and Assessing New Developments in Key International Markets and Their Implications for the Takaful Industry Session Introducer: Dr. Bassel Hindawi Immediate Past Insurance Commissioner of Jordan Member of the Steering Committee Mena Insurance CEO Club What is the direction of new initiatives in the regulatory environment for insurance in key markets? What can the Takaful regulatory environment learn from these developments? (09.50 to 10.10) Session 1b: Global Takaful Success Stories: Propelling the Industry to the Next Level Session Introducer: Dr. Bassel Hindawi Immediate Past Insurance Commissioner of Jordan Member of the Steering Committee Mena Insurance CEO Club Keynote Speakers: Zainudin Ishak Chairman Malaysian Takaful Association Building a global Takaful brand and the need for the emergence of regional Takaful operators to lead the way to the next level Propelling the industry s international expansion Insights into successful Takaful businesses: What are the critical success factors? to Session 2: The Industry Leaders Power Debate: Tackling the Tough Issues Scalability is the Name of the Game: How is the Takaful Industry Faring in Achieving Critical Mass and Scale Vital to the Pursuit of Profitable Growth? Session Chair: Irshied Tayeb Head of Insurance & Reinsurance Bin Shabib & Associates (BSA) LLP Keynote Debaters: Sami Sharif, FSA, MAAA General Manager General And Health Division & Assistant to the CEO SALAMA UAE Firas El Azem General Manager Takaful Re Limited Shahril Azuar Jimin Chief Commercial Officer Etiqa Insurance & Takaful Size matters - achieving scalability and re-looking at the viability of industry consolidation and M&A: Are too many operators chasing an insufficient number of risks? Overcoming product and distribution challenges in the Takaful industry Growth and critical mass: The pursuit of GWC growth has been at the expense of profitability in some markets: How have leading players managed the shift to profitability and what are they doing to counteract competitive pressures, downward pricing trends and margin squeeze? Re-energising profitable growth: Gaining market share at the right price and renewing focus on the quality of growth from core products Balancing competitive pressures with the need for risk based pricing Addressing the challenges faced by some of the smaller struggling players to Opening of the World Takaful Exhibition & Refreshment Break to Session 3: The Exclusive Onsite Launch of the World Islamic Insurance Directory 2014: Insights into the Performance of the Leading Players in the Global Takaful Industry A reference guide to record the growth and development of Islamic insurance institutions fully revised and updated for Presenter: Nassib El Barbir Assistant General Manager Retakaful Takaful Re Limited dtakaful.megaevents.net/day1.php ://worldtakaful.megaevents.net/day1.php day1.php WTC: For 9 Years The World s Largest & Most Influential Annual Gathering of International Takaful Leaders For updated agenda For updated agenda to Session 4: Strengthening Retakaful Capabilities Presenter: Mohamed Hussein El-Dishish Emirates Retakaful Limited (Emirates RE) to Session 5: Interactive Debate: Redefining ReTakaful - Driving the Shift Towards Risk Sharing and Creating the Conditions for Underwriting Larger, Complex Risks Session Chair: Yassir Albaharna Arab Insurance Group (Arig) Dr. Mohamed Rafick Khan Abdul Rahman Munich Re Retakaful Prem Sagar ACR ReTakaful MEA B.S.C. (c), Bahrain Fareed Lutfi Secretary General Emirates Insurance Association and Gulf Insurance Federation Rafiq Halani Director & CEO Securelink Insurance & Reinsurance Services What needs to be done to create a better balance between Takaful and ReTakaful players in terms of risk sharing vs risk transfer? A question of scale: Is there sufficient ReTakaful capability to meet the needs of the market on an international basis? How can Takaful and ReTakaful operators be better positioned to underwrite larger and more complex commercial risks? Assessing new initiatives in London to tackle the challenge of finding Shari ah-compliant coverage for large commercial risks in the international subscription market to Session 6: Market Growth Engines & Product Innovation: Which Business Lines Will Drive the Next Wave of Exciting Growth? Speakers: Amer Daya Al Hilal Takaful Wael Al Sharif Takaful Emarat Insurance PSC Product innovation: Creating the next generation of Takaful solutions Aligning product development with market needs to improve penetration: Customer centric solutions vs product push Where are the growth catalysts: Looking beyond mandatory lines for new growth opportunities For updat For updated agenda - For updated agenda - For updated agenda -

4 UPDATED INTERACTIVE SESSIONS UPDATED INTERACTIVE SESSIONS Conference Day 1: Monday 14th April 2014 Assessing the outlook for Medical, General, Family, Motor and other key segments Improving the underwriting process to Session 7: Reviewing the Shari ah Framework for Takaful and ReTakaful Speaker: Srikandi Utami Vice President and Head of Shariah PT Sun Life Financial Indonesia Towards standardisation and consistency in Shari ah rulings Balancing Shari ah governance with industry priorities for innovation and growth Assessing the UAE s initiative to form a national Shari ah board ul.megaevents.net/day1.php to Moderator s Summation Remarks to Conference Luncheon to Session 8: Interactive Discussion: Assessing the Emergence of Pension Plans and Defined Contribution Business Opportunities for Takaful Conference Day 2: TUESday 15th April to Morning Refreshments to Moderator s Opening Remarks Moderator Safder Jaffer Managing Director & Consulting Actuary - Middle East & Africa Milliman to Session 10: Plenary Debate: The Future of Regulation - Reforming The Rules of the Game Adapting to an Evolving Regulatory Environment and Ensuring a Level Playing Field for the Success of the Takaful Industry Keynote Speaker Prasanna Seshachellam Director & Head of Prudential Risk Supervision Dubai Financial Services Authority (DFSA) Fareed Lutfi Secretary General Emirates Insurance Association and Gulf Insurance Federation Susan Dingwall Norton Rose Fulbright LLP Dr. Hatim El-Tahir, FCIB, FCISI Director- Islamic Finance Group Leader - Deloitte ME Islamic Finance Knowledge Centre (IFKC) Deloitte & Touche - Bahrain Strengthening the capital base: How is the international regulatory environment evolving with regards to Solvency, Capital Adequacy and Disclosure requirements? What do the industry players want and need in terms of an effective direction for the regulatory framework? Pricing and profit: A stronger regulatory line required? Risk sharing vs risk transfer: Assessing the role of regulators in getting the balance right Evolving AAOIFI standards for the Takaful industry Assessing regulatory developments in key international markets and adapting to the evolving legal and regulatory scenario to Session 11: Building an Effective Risk Management Capability to Strengthen the Takaful Industry Speakers: Vasilis Katsipis General Manager, Market Development A.M. Best - MENA, South & Central Asia What do Takaful operators need to do improve their risk management and practices and internal controls? Implementing Enterprise Risk Management For updated agenda This session creates a forum for interactive discussions with industry leaders into how the Takaful industry can position to capitalise on new opportunities in the pension retirement savings market. Panelist: Harun Kapetanovic Economic Advisor Department of Economic Development, Government of Dubai to Session 9: Interactive Roundtable Discussion: Financial Performance Improvement for Takaful Operators Squeezing Further Operational Efficiencies Close of Day 1 What further actions can CEOs, CFOs and COOs take in order to boost profitability in the Takaful industry? Sorting out the key numbers: Bringing in line Claims Ratio, Expense Ratio, and Combined Operating Ratio What can be done to strip away legacy start-up costs that many Takaful operators are still burdened with? Current investment results: Do balance sheets really reflect the true health of Takaful businesses given the positive turnaround in the economic landscape? dtakaful.megaevents.net/day1.php ://worldtakaful.megaevents.net/day1.php day1.php For updated agenda - New risk management guidelines for Takaful operators: IFSB initiatives and implications Ratings methodologies and improving the strength of Takaful operators to Session 12: Optimising Distribution Strategies for Takaful: Improving Reach and Scale (10.20 to 10.50) Session 12a: BancTakaful: Maximising What the Major Banks Can Bring to the Takaful Proposition Session Introducer Sohail Jaffer Deputy CEO FWU Global Takaful Solutions Speakers: Pervaiz Ahmed Head of Liabilities and Wealth Management Qatar International Islamic Bank Learning from the experiences of international banks active in the distribution of Takaful products Structuring BancTakaful partnerships for success: What do banks expect from Takaful operators? Understanding the implications of new rules for BancTakaful (10.50 to 11.20) Session 12b: Alternative Distribution Channels Session Introducer Sohail Jaffer Deputy CEO FWU Global Takaful Solutions Speakers: Ghassan Marrouche Executive Vice President Head of Branches Oman Insurance Co Lars Silberg Hansen Co-Founder and CEO Hummingbit Sankalp Sughosh Vice President Consulting & Business Development AETINS Sdn Bhd Rafiq Halani Director & CEO Securelink Insurance & Reinsurance Services Reviewing the role of brokers Assessing opportunities in Group Schemes through corporates Direct online sales Technology solutions as a driver of Banctakaful Enhancing and strengthening the Takaful value proposition: Broadening the appeal and customer base of Islamic insurance For updat For updated agenda - For updated agenda - For updated agenda -

5 UPDATED INTERACTIVE SESSIONS Conference Day 2: TUESday 15th April to Viewing of the World Takaful Exhibition & Refreshment Break to Session 13: Repositioning Asset Management and Investment Strategies in the New Economic Climate for Takaful Operators Session Chair: Dr. Sayd Farook Phd Global Head Islamic Capital Markets - Middle East & North Africa Thomson Reuters Nigel Denison Head of Wealth Management and Treasury BLME ul.megaevents.net/day1.php Nor Rejina Abdul Rahim Managing Director Nomura Asset Management Malaysia Eric Swats Head of Asset Management Rasmala Investment Bank Ltd Zairulnizad Shahrim Executive Director AmInvest Improving and stabilising risk/return ratios Challenges and opportunities for asset managers serving the Takaful industry Addressing the relative lack of high quality Shari ah- compliant investment instruments Re-looking a balanced investment portfolio providing the optimum risk/ return ratios in the context of the new economic environment to Session 14: Shari ah Scholar Interactive Debate 2: Defining Risks Shari ah Scholars and Management dtakaful.megaevents.net/day1.php Session Chair: Peter Hodgins Clyde & Co Ayman A. Khaleq Morgan, Lewis & Bockius LLP in association with Mohammed Buhashem Advocates & Legal Consultants For updated agenda - Meeting the needs of the rapidly growing global Takaful market Building a new generation of Islamic scholars to Session 15: Country Focus Roundtable: Rapid Growth Markets Assessing the Varying Potential for Key Takaful Hubs & Frontiers Dawood Yousef Taylor Senior Regional Executive - Takaful, Middle East Prudential Corporation Asia Gautam Datta Al Madina Insurance Company An assessment of the potential and regulatory environment in key highpotential markets for Takaful Capturing the awakening Africa opportunity for Takaful The prospects for Oman to emerge as an exciting growth market for Takaful Further efforts and prospects to mainstream Takaful in core established markets Asia growth examples to Moderator s Summary of the Key Findings of WTC 2014 and Closing Remarks to Conference Luncheon Close of the 9th Annual World Takaful Conference 2014 a - What Makes WTC the World s Most Eminent Gathering of International Islamic Insurance Leaders? For updat For updated agenda - tak Keynote Plenary Sessions The high-profile platform where international leaders tackle the big picture issues, the Keynote Plenary Sessions are highly valued by delegates and play a significant role in generating new strategic insights into industry trends. WTC keynote plenary sessions feature industry gurus. Facilitated Interactive Debate By utilising the investigative talents of the cream of professional interviewers as our session Moderators we really probe the issues from all angles and ensure that it s not just another talk shop. Interactive debate between panelists and delegates is expertly facilitated by the Moderator often resulting in groundbreaking new insights. Exhibition The exhibition runs alongside the conference and provides a showcase for the latest developments in the industry, new financial services product launches and innovative solutions, with an emphasis on improving efficiency and performance. Sidelines In addition to the substantial information exchange and knowledge transfer that takes place at the main WTC sessions, there is also significant value to be gained from activities and discussions that take place on the sidelines of the main conference. From international press briefings to informal networking, the WTC Sidelines are a creative environment conducive to getting the most from your participation.

6 What the industry leaders are saying about WTC 2014 Abdulla Mohammed Al Awar Dubai Islamic Economy Development Centre The Takaful industry has grown significantly as a viable Islamic alternative to conventional insurance. Though the global Takaful industry has witnessed strong progress, the development of related regulatory and supervisory frameworks has not kept pace and varies substantially between key Takaful markets. In many key countries, the Takaful market is becoming increasingly over-crowded with a number of domestic and international companies competing for a small pool of risks to cover. Industry-wide profit margins have been under pressure and previously strong growth rates have started to decelerate. In line with Dubai s determination to become the global capital of the Islamic Economy, the Dubai Islamic Economy Development Centre is committed to creating an enabling environment to reignite the growth of the Takaful sector, as part of an integrated vision. The World Takaful Conference (WTC), will play a significant role in shaping the global Takaful industry and I look forward to discussing new strategies that will unlock the true potential of the sector. Mohamed Hussein El-Dishish Emirates Retakaful Limited (Emirates RE) A major challenge faced by the global Takaful industry is the lack of added value from the Retakaful industry leading to an over-representation of conventional reinsurers in the market. However, recent developments and the emergence of new sizeable Retakaful companies is an opportunity for the whole Takaful industry to have an integrated approach, and move to the next level. As the global Takaful industry is set to grow further, projected to hit the US$ 17 billion mark in 2015, a lot more additional participation and a leading role is needed in the Retakaful industry. To meet the demand, Retakaful companies must move from a follower to a more leadership position. We are very delighted to see strengthening the Retakaful industry as one of the key areas covered at this year s World Takaful Conference and we are delighted to be supporting this prestigious gathering of international Takaful leaders as a Platinum Strategic. Have you registered yet for WTC 2014? If not here s why you shouldn t miss the 9th Annual World Takaful Conference (WTC 2014): 450+ International Islamic Insurance Leaders including Industry Pioneers, Thought Leaders, Key Regulators and World-Renowned Shari ah Advisors Representation from 35+ Countries 40+ s, Sponsors and Exhibitors 45+ International Speakers 14+ Highly Interactive Conference Sessions A Special Country Focus Roundtable Exploring New Frontiers and New Opportunities for Takaful A Powerful CEOs and Industry Leaders Power Debate Tackling Tough Issues on Growth, Profitability and Scalability in the Global Takaful Industry Original Research Insights and Interactive Discussions on Research Findings Register Now! Join the Market WTC 2014: For sponsorship and exhibition opportunities please contact: yasmeen@megaevents.net t New Insights to Shape the Future of the Global Takaful Industry: For special group delegate packages please contact: diju@megaevents.net t

7 NEW RESEARCH INSIGHTS Original Research Insights at WTC 2014: Exclusive Onsite Launch of the World Islamic Insurance Directory (WIID) 2014 Critical Insights into the Growth and Development of the Global Takaful Industry Initiated by Published by Exclusively launched at WTC 2014 will feature the onsite launch of the World Islamic Insurance Directory (WIID) A reference guide to record the growth and development of Islamic insurance institutions fully revised and updated for To book your copy contact: junaid@meinsurancereview.com WTC: For 9 Years The World s Largest & Most Influential Annual Gathering of International Takaful Leaders WTC: A Unique Global Platform for the Industry Decision-Makers Geographical Representation at WTC % 9% 2% UAE Kingdom of Bahrain 31% Kingdom of Saudi Arabia Qatar 20% Other MENA Region Africa Indian Subcontinent 5% 5% South East Asia UK 4% 7% 6% 10% Other European Countries Others Designation Representation at WTC % 4% President/Chairman/Board Member 12% 25% CEO/Managing Director Vice President/Executive Director 1% /GM Directors/Heads of Department 20% Academics 14% Media 13% Other Senior Managers To register call:

8 REGISTRATION FORM Please complete and fax back to Registration fees: 9th Annual Standard Rate: USD 2795 Media Media - Free upon accreditation For Media Registration contact Abdul Muhsin - abdul@megaevents.net 14 & 15 April 2014, Dusit Thani Dubai, UAE To register please contact: Diju Panicker diju@megaevents.net t Please make the following reservations on my behalf: Company Name: Tel: Fax: Address: INDIVIDUAL BOOKING Full Name: Mr/Mrs/Ms: Mobile No.: Job Title: Group Booking Mr/Mrs/Ms Full Name Job Title Mobile No. 1 st Delegate 2 nd Delegate 3 rd Delegate 4 th Delegate 5 th Delegate THREE EASY PAYMENT METHODS 1. Credit Card Visa Master Card Amex Diners 2. Cheque: Send a crossed cheque payable to MEGA For Exhibition & Conf Org along with the completed registration form. Number: Alpha Code: Expiry Date: Amount: Card Holder s Name: Billing Address: Signature: For Amex only 3. Bank Transfer Please remit payment to the following account: Quote Reference: C191 International Bank Account No.(IBAN)(US$): AE Account Name: MEGA FOR EXHIBITION & CONF ORG Swift Code: EBILAEAD Bank: Emirates NBD Bank, Jumeirah Branch, PO Box 11909, Dubai, UAE In the event of cancellation: Registrants who are unable to attend may send a substitute delegate at any time. No refunds can be made, although a replacement delegate is always welcome at no extra cost. Simply notify our office of the change. MEGA reserves the right to alter the programme or change the speakers in the event of unforeseen circumstances. VENUE, ACCOMMODATION & VISA Venue: Dusit Thani Dubai Dubai, United Arab Emirates Accommodation: Ms. Rhealyn Cabinian Dusit Thani Dubai 133 Sheikh Zayed Road, P O Box 23335, Dubai, United Arab Emirates Phone ; Fax ; groupreservations.dtdu@dusit.com Web: If you require hotel accommodation and visa assistance to Dubai, UAE, please follow the link to the Dusit Thani Dubai hotel reservation form. Kindly complete the form and it to groupreservations.dtdu@dusit.com or fax back directly to Ms. Rhealyn Cabinian on To avail the corporate rate, please note that Reservation should be received latest by 12th March 2014, after which rooms will be subject to availability and the rate will be the best available. Please complete and return to: The World Takaful Conference PO Box 72045, Dubai, UAE Tel: , Fax: diju@megaevents.net or Register Online at Official Arabic Broadcaster Strategic Media s Global Communication s Strategic Insurance Media s The Definitive Middle East Insurance Digest Strategic Business s Online Media Official Recruitment Consultancy Media Associates Media Associates