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Conference Agenda Day 2

08:00 to 09:00


Morning Refreshments

09:00 to 09:05


Moderator’s Opening Remarks

Moderator:
Safder Jaffer
Managing Director & Consulting Actuary - Middle East & Africa
Milliman

09:05 to 09:20

Opening Address

Opening Speaker:
Prasanna Seshachellam
Director & Head of Prudential Risk Supervision
Dubai Financial Services Authority (DFSA)


Key Discussion Points:

  •  Upcoming global capital standard for insurers and consequent implications for  the global insurance industry
  •  Major regulatory developments in the  insurance sector and their implications
  •  How to make the best out of these trends, for insurers

09:20 to 10:00


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

Session Chair:
Sivam Subramaniam LLB (Hons)
Editor-in-Chief
Middle East Insurance Review & Asia Insurance Review


Panelists:
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
Partner
Norton Rose Fulbright LLP


Dr. Hatim El-Tahir, FCIB, FCISI
Director - Islamic Finance Group
Leader - Deloitte ME Islamic Finance Knowledge Centre (IKFC)
Deloitte & Touche - Bahrain


Key Discussion Points:

  • 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

10:00 to 10:20


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

Saleh Al Hashimi
Managing Director
Dar Al Takaful


Key Discussion Points:

  • What do Takaful operators need to do improve their risk management and practices and internal controls?
  • Implementing Enterprise Risk Management
  • New risk management guidelines for Takaful operators: IFSB initiatives and implications
  • Ratings methodologies and improving the strength of Takaful operators

10:20 to 11:30

Session 12:  Optimising Distribution Strategies for Takaful: Improving Reach and Scale

(10:20 to 10:45)


12 a) BancTakaful: Maximising What the Major Banks Can Bring to the Takaful Proposition

Session Introducer:
Sohail Jaffer
Deputy Chief Executive Officer
FWU Global Takaful Solutions


Speaker:
Pervaiz Ahmed
Head of Liabilities and Wealth Management
Qatar International Islamic Bank


Key Discussion Points:

  • 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

(10:45 to 11:30)


12 b) Alternative Distribution Channels

Session Introducer:
Sohail Jaffer
Deputy Chief Executive Officer
FWU Global Takaful Solutions


Speakers:
Ghassan Marrouche
Executive Vice President – Head of Branches
Oman Insurance Co

Ravindra Mohan Vijalapuram
Vice President Consulting & Business Development
AETINS


Rafiq Halani
Director & Chief Executive Officer
Securelink Insurance & Reinsurance Services



Key Discussion Points:

  • 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

11:30 to 12:00

Viewing of the World Takaful Exhibition & Refreshment Break

Moderator:
Sivan Said
Chief Executive Officer
Gulf Insurance Institute


12:00 to 12:40

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

Panelists:
Nigel Denison
Head of Wealth Management and Treasury
BLME

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



Key Discussion Points:

  • 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

12:40 to 13:20


Session 14: Country Focus Roundtable: Rapid Growth Markets – Assessing the Varying Potential for Key Takaful Hubs and Frontiers

Session Chair:
Ammar Radhi
Research Manager - Emerging Markets Specialist
Thomson Reuters

Panelists:
Dawood Yousef Taylor
Senior Regional Executive - Takaful, Middle East
Prudential Corporation Asia

Gautam Datta
Chief Executive Officer
Al Madina Insurance Company


Muktisjah Ramli
Co-Founder & Director
Takaful Outsource



Key Discussion Points:

  • An assessment of the potential and regulatory environment in key high-potential 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

13:20 to 13:25


Moderator’s Summary of the Key Findings of WTC 2014 and Closing Remarks

13:25 to 15:00

Conference Luncheon

15:00


Close of the 9th Annual World Takaful Conference 2014


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