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Day One - Monday, 7 October 2013

08:00 to 09:00 Registration and Refreshments
09:00 Opening of the 2nd Annual Middle East Takaful Forum 2013
09:00 to 09:05 Reading from the Holy Qur'an
09:05 to 09:10 Moderator’s Opening Remarks

Moderator:
Adeel Mushtaq
Senior Manager - Audit & Advisory
KPMG Fakhro
09:10 to 09:40 Session 1:
Opening Keynote Plenary: Reforming the Regulatory Regime - Key Initiatives to Ensure the Long Term Profitability of the Takaful Industry in the Middle East
Key Discussion Points:
  • New measures & initiatives to enhance the operational model for Takaful
  • Improving the soundness of the regulatory & supervisory framework to create a platform for long term growth
  • Addressing Solvency requirements (Phase II)
  • Improving Corporate Governance standards
  • Towards a more consistent application of regulations across the region
  • Keynote Speaker:
    Abdul Rahman Mohammed Al Baker
    Executive Director - Financial Institutions Supervision
    Central Bank of Bahrain
    09:40 to 10:30 Session 2:
    Keynote Power Debate: Adapting to Change - Building the Capacity & Capability to Enable Takaful & Cooperative Insurance Operators to Profitably Compete
    Key Discussion Points:
  • What do the leading Takaful players in the Middle East need to do in order to take the step up to the next level?
  • What are the main barriers to sustained growth and long term profitability for the Takaful industry in the Middle East?
  • Overcoming the tougher environment for profitability and dealing with the heat of competition
  • Competing more effectively with the established conventional insurance players
  • Size matters: Building scale and critical mass for Takaful operators to succeed
  • Discussion Leader:
    Ashar Nazim
    Partner, Head of Islamic Banking Excellence
    Ernst & Young

    Keynote Debaters:

    Ayman Adel El Hout
    Executive Director
    Medgulf Takaful


    Adrian Flowers
    Chief Executive Officer
    SABB Takaful


    Amer Daya
    Chief Executive Officer
    Al Hilal Takaful


    Nandakumar Duraiswamy
    Head of Operations
    Solidarity General Takaful
    10:30 to 11:00 Opening of the Middle East Takaful Forum 2013 Networking and Refreshment Break
    11:00 to 11:45 Session 3:
    Takaful Business Lines & Product Innovation - Moving Beyond the Takafulisation of Conventional Products
    Key Discussion Points:
  • Customer needs: Assessing what the client really wants from a Takaful product
  • New approaches to innovate "true" Takaful products
  • Re-looking the growth potential across key Takaful business lines: Where will the next wave of growth come from in the Middle East markets?
  • Speakers:
    Amer Daya
    Chief Executive Officer
    Al Hilal Takaful


    Manfred Maske
    Chief Executive Officer
    Legal & General Gulf Takaful

    11:45 to 12:30 Session 4:
    Addressing Capacity, Risk Sharing and Pricing Issues: Redefining ReTakaful in the Middle East
    Key Discussion Points:
  • What is the current state of the ReTakaful market in the Middle East?
  • Moving towards a greater balance of risk sharing in the regional markets
  • Assessing AAOIFI standards related to ReTakaful
  • Discussion Leader:
    Adeel Mushtaq
    Senior Manager - Audit & Advisory
    KPMG Fakhro

    Panelists:

    Tobias Frenz
    Managing Director - Retakaful & GCC - Life
    Munich Re Underwriting Agents (DIFC) Ltd.

    Prem Sagar
    Chief Executive Officer
    ACR Retakaful MEA BSC(c), Bahrain

    Manoj Kumar
    Managing Director & Chief Executive Officer
    MNK Re

    Firas El Azem
    General Manager
    Takaful Re Limited


    Lakhdar Moussi
    Managing Director
    LM Consultancy Company (SPC)
    12:30 to 13:15 Session 5:
    A Special Forward-Looking Session: Building Momentum for Family Takaful in the Middle East
    Key Discussion Points:
  • Family Takaful has been a stellar success story in Malaysia - what are the real opportunities in the Middle East markets?
  • What can be done to improve consumer awareness, interest and acceptance of Family Takaful?
  • Reviewing the latest research on the global Family Takaful market and implications for the Middle East
  • Discussion Leader:
    Adeel Mushtaq
    Senior Manager - Audit & Advisory
    KPMG Fakhro

    Panelists:

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

    Darrell Stone
    Business Development Director
    Legal & General Gulf Takaful

    Abdul Rahim Abdul Wahab
    Fellow of Society of Actuaries, USA (1995), Director & Consulting Actuary, Practice Segment Leader / Partner, Actuarial Consulting Services
    SHMA
    13:15 to 13:20 Moderator’s Summation Remarks
    13:20 to 14:45 Conference Luncheon
    14:45 to 15:30 Session 6:
    Boosting Operational Efficiency & Financial Performance Improvement for Takaful Players in the Middle East
    Key Discussion Points:
  • Successfully overcoming challenging market conditions of slowing growth and increasing competitive pressures to deliver improved bottom-line performance
  • What drivers must CEOs, CFOs and COOs look for to generate cost effectiveness?
  • Tackling a key strategic priority for the Takaful industry: Improving ROE
  • New approaches to enhance operational efficiency
  • Discussion Leader:
    Adeel Mushtaq
    Senior Manager - Audit & Advisory
    KPMG Fakhro

    Panelists:

    Manoj Kumar
    Managing Director & Chief Executive Officer
    MNK Re

    Abdul Rahim Abdul Wahab
    Fellow of Society of Actuaries, USA (1995), Director & Consulting Actuary, Practice Segment Leader / Partner, Actuarial Consulting Services
    SHMA

    Lakhdar Moussi
    Managing Director
    LM Consultancy Company (SPC)

    15:30 to 16:15 Session 7:
    New Research Updates: Key Research Initiatives in Takaful Industry & Implications for the Middle East
    Key Discussion Points:
  • New thought leadership findings on the development and progress of Takaful
  • Discussing findings from the World Islamic Insurance Directory (WIID) and implications for the Middle East
  • Global Family Takaful Report and Pension Takaful supplement
  • Discussion Leader:
    Dr. Hatim El-Tahir
    Director - Islamic Finance Group
    Deloitte

    Panelists:
    Sohail Jaffer
    Deputy Chief Executive Officer
    FWU Global Takaful Solutions

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

    Nassib Barbir
    Deputy Director
    Takaful Re Limited
    16:15 Close of Day 1

    Forum Agenda Day 2