In spite of lagging growth initially in comparison with the global insurance industry, the Middle East and African industry has witnessed increasing prospects for growth in the recent years. The global credit rating agency, Moody's, attributed the growth of Islamic banking and Takaful to the support by GCC countries, Africa, and South East Asia. Similarly, there has been increasing political stability and improved governance in Africa, leading to increasing employment, growing consumer demand and an emerging middle class. This has helped grow the need for the need for protection of consumer wealth and assets.

Although there have been low penetration levels, it is expected that these levels will increase in comparison with global levels in the near future, according to Moody's latest report. The Takaful market has grown by almost 12 times in terms of premiums in the last decade and is predicted to grow in the next few years, signaling an increasing confidence in Islamic banking and Takaful.

Fleming Gulf has announced the 4th Annual Middle East and Africa Insurance Summit, taking place on 20-21 January 2014 at the Dusit Thani in Dubai, United Arab Emirates. The summit this year will focus on the major issues faced by the MEA region with respect to new innovations in the insurance industry. Latest developments in bancassurance, risk management, and the market scenario with respect to Takaful, and also the best practices to function post the Arab spring will be discussed.

The summit will feature individual CEO Panels, comprising the leaders in the Middle Eastern and African insurance market including the National General Insurance Co, the Green Crescent Insurance Co, Abu Dhabi National Insurance Co, RAK Insurance, among others. Other experts speaking at the summit include Nabila Taha, Managing Director and Chief Actuary - Taha Actuaries and Consultants, Dr Haider Al Yousuf, Director of Healthcare Funding - Dubai Health Authority, Farid Chedid, CEO - SEIB Insurance among others.

Building on the success of the last three editions, the Middle East and Africa Insurance Summit will bring the leaders of the insurance industry together under one roof to discuss the opportunities and threats facing the industry today.

For more information about this summit and to receive your own copy of the agenda, kindly send a mail to [email protected]


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