(1888PressRelease)
March 11, 2008 - With experts predicting annual growth at over 20 per cent the focus of the 3rd Annual World Takaful Conference will be on expanding the international market for Shari’ah-compliant insurance products; with estimates of the industry growing to US$7.4 billion in global annual contributions by 2015.
The conference, to be held at the Dusit Dubai Hotel on the 14 and 15 of April 2008, is again being hosted in strategic partnership with Dubai International Financial Centre (DIFC) and features industry heavyweights HSBC Amanah Takaful and Salama Islamic Arab Insurance Co (Salama) as Platinum sponsors.
Parvaiz Siddiq, general manager of Salama, noted that “the World Takaful Conference is the ideal platform to spread and educate the market about Takaful and its principles as awareness is still low in the Middle East”.
Total premiums written by Takaful insurers are projected to reach approximately nine per cent of the world's insurance market share by 2010. The Middle East market is reported to be growing at 15 per cent to 20 per cent a year.
With experts predicting a Takaful boom, this year’s conference theme focuses on Expanding the International Market for Islamic Insurance: Product Innovation and New Growth Opportunities.
The Opening Keynote address will be delivered by Nasser Alshaali, Chief Executive Officer of the Dubai International Financial Centre Authority (DIFCA).
The event will provide practical insights into the next phase in the development of this rapidly growing industry. Key questions that will be answered during the conference sessions include: How to best capture growth opportunities in key Takaful market segments; which innovative new Takaful solutions are being developed internationally; how Takaful operators can more successfully engage conventional insurance players; what is the future development for the re-takaful market; and how can Bancassurance models provide opportunities for moving Takaful products to market faster and better.
Other international market leaders partnering with the 3rd Annual World Takaful Conference include FWU International, Solidarity, Takaful Re, Ernst & Young, British Islamic Insurance Holdings (BIIH), Calyx Financial, Amana Takaful Insurance, Abu Dhabi National Takaful Company, AM Best, Sheikan Insurance & Re-insurance, and Norton Rose.
The event will be addressed by a distinguished faculty of international and regional speakers and panellists. The structure of the conference also enables high quality discussion and interaction with more than 200 international delegates.
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For more information about The World Takaful Conference visit www.megaevents.net/wtc.
Or contact: Sharon Pereira, Matrix Public Relations
Tel: +9714 3430888
Email: sharon ( @ ) matrixdubai dot com
MEGA is the market leading business information firm focused on achieving business results for the Middle East banking & finance industry since 1993. The portfolio of MEGA brands represents the landmark industry conferences and our clients are the leading players in the international financial markets.
