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5th Annual GULF INSURANCE REVIEW Strategic Media Partners Strategic Insurance Media Partner Global Communication Partner Business Investment Partner Broadcasting Partner Online Media Partner Chakib Abouzaid Chief Executive Officer Takaful Re Limited Debo Ajayi Managing Director Milliman Dubai Tariq Al Rifai Director – Islamic Market Indexes Dow Jones Indexes D.R. Arya Chief Manager - Middle East and North African Region GIC of India (GIC Re) Dubai Branch Office Sohail Jaffer Partner & Head of International Business Development FWU Group Shahril Azuar Jimin Chief Executive Officer Etiqa Takaful Berhad Safder Jaffer Senior Consulting Actuary Milliman Dubai Parvaiz Siddiq Chief Executive Officer Noor Takaful Yassir Albaharna Chief Executive Officer Arab Insurance Group (Arig) Sheikh Dr. Mohd Daud Bakar Member -Fatwa & Shari’a Supervisory Board Noor Takaful Paul M Koster Chief Executive Officer Dubai Financial Services Authority (DFSA) Ismail Mahbob President & Chief Executive Officer MNRB Retakaful Dr. Ludwig Stiftl Head of Center of Competence for Retakaful Munich Re Sivam Subramaniam Editor-In-Chief MiddleEast Insurance Review & Asia Insurance Review Dr. Ahmed Al Janahi Managing Director, Noor Takaful Deputy Group CEO, Noor Investment Group Nick Charteris-Black Director -Global Financial Services A.M. Best Dr. Alberto Brugnoni Chairman of the Board ASSAIF Sandra Dawson Tax Director – EMEIA Financial Services Ernst & Young Susan Dingwall Partner Norton Rose LLP Tobias Frenz Chief Executive Officer Munich Re Retakaful Rafiq Halani General Manager General & Health Takaful Salama Islamic Arab Insurance Co. (P.S.C) Dr. Saleh J. Malaikah Vice Chairman & Chief Executive Officer SALAMA Group Saleem Symallin Chief Executive Officer Mashura Financial Services (Pty) Ltd Dawood Taylor Senior Regional Executive Takaful Middle East Prudential Corporation Asia Hussein Al Meeza Managing Director & Chief Executive Officer Dubai Islamic Insurance & Reinsurance (AMAN) Peter Hodgins Partner – Corporate Insurance Clyde & Co Middle East Yadullah Ijtehadi Managing Editor ABQ Zawya George Oommen Executive Director – Re-Insurance & Captives Dubai International Financial Centre (DIFC) CONFIRMED SPEAKERS AT WTC 2010

Islamic Insurance: Managing Risk. Driving Growth

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Page 1: Islamic Insurance: Managing Risk. Driving Growth

5th Annual

12 & 13 April 2010, Dusit Thani Dubai, UAE

WTC is a MEGA Brand MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Islamic Finance Industry Since 1993

Islamic Insurance: Managing Risk. Driving GrowthStrategic Partner

Islamic Financial Services Associate

In collaboration with

Islamic Fund Sponsor

Gold Sponsors Ratings Sponsor Strategic Associate

Silver Sponsors Consulting Sponsor Corporate Exhibitor

Leadership Sponsor

Australia’s Specialist Income Funds Manager

PANTONE 477 C

PANTONE 1255 C

Platinum Sponsors

Page 2: Islamic Insurance: Managing Risk. Driving Growth

5th Annual

Featuringground-breakingoriginalresearch,Ernst&Young’seagerlyanticipated2010editionofThe EY World Takaful Report will beofficiallyreleasedatWTC2010andwillprobehowtheIslamicinsurance industry can catalyse the next phase of growth, providing industry leaders with new insights as they seek to review their business strategies in a challenging economic climate. The EY World Takaful Report has rapidly established itself as an indispensable resource for insurance industry leaders who are currently reviewing their strategies and seeking to improve competitive performance in the aftermath of the global economic crisis.

The EY World Takaful Report 2010

MEGA BRANDS. MEGA CLIENTS. MARKET LEADERS.MEGA is the market leading business information firm focused on achieving business results for the global Islamic 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.

WHAT THE INDUSTRY LEADERS ARE SAYING ABOUT WTC 2010

“The takaful industry currently boasts very healthy growth prospects globally. The World Takaful Conference comes at a crucial time for the Islamic finance industry at large. It brings together global experts to engage in thought-provoking critical conversations and debates, about the most pressing issues contributing to the growth of the industry such as regulations, changing demographics, and growing affluence trends around the world”.

Parvaiz SiddiqChief Executive OfficerNoor Takaful

“With the years ahead looking exciting and challenging, the global Takaful industry is in need of consistent commitment to the tenets of Takaful. Right from our incorporation in 1979 in Dubai, UAE as pioneers in the Takaful industry, to our present day distinction as the world’s largest Takaful and Re-Takaful Company, we at SALAMA- Arab Islamic Insurance have always stayed true to our values and principles. We have supported the World Takaful Conference since its inception not only as a show of our commitment to the industry but also because we have witnessed its importance in forging meaningful dialogues. The 5th Annual WTC is a “must attend” for all stakeholders.”

Rafiq HalaniGeneral Manager – General & Health TakafulSalama Islamic Arab Insurance Co. (P.S.C.)

“After four editions, the World Takaful Conference (WTC) has become one of the main Takaful events around the world. We in Takaful Re are committed to the Takaful industry; it is our duty to support this event and make it even more successful. With the recent recession, and questions about Islamic Finance in general, and the Takaful industry in particular, Takaful operators and professionals are requested to question their business models and practices, respond to the legitimate customers’ questions; and also pave the way for more differentiation from conventional insurance in order to think and act Takaful. The WTC is the best forum to discuss such matters; we would like to see the delegates making the WTC sessions an even more rewarding experience.”

Chakib Abouzaid Chief Executive OfficerTakaful Re Limited

Page 3: Islamic Insurance: Managing Risk. Driving Growth

5th Annual

Asia Insurance Review logo (on white background only)Logo type: Goudy Old Style; bold typePantone Red = Pantone 032CMYK= 0C; 100M; 100Y; 0K

GULF INSURANCEREVIEW

Strategic Media Partners

Strategic Insurance Media PartnerGlobal Communication Partner Business Investment Partner Broadcasting Partner Online Media Partner

Chakib AbouzaidChief Executive OfficerTakaful Re Limited

Debo Ajayi Managing Director Milliman Dubai

Tariq Al RifaiDirector – Islamic Market Indexes

Dow Jones Indexes

D.R. AryaChief Manager - Middle East

and North African RegionGIC of India (GIC Re) Dubai Branch Office

Sohail JafferPartner & Head of International

Business DevelopmentFWU Group

Shahril Azuar JiminChief Executive Officer

Etiqa Takaful Berhad

Safder Jaffer Senior Consulting Actuary

Milliman Dubai

Parvaiz SiddiqChief Executive Officer

Noor Takaful

Yassir AlbaharnaChief Executive Officer

Arab Insurance Group (Arig)

Sheikh Dr. Mohd Daud BakarMember -Fatwa & Shari’a Supervisory Board

Noor Takaful

Paul M KosterChief Executive Officer

Dubai Financial Services Authority (DFSA)

Ismail MahbobPresident & Chief Executive Officer

MNRB Retakaful

Dr. Ludwig StiftlHead of Center of Competence for

RetakafulMunich Re

Sivam Subramaniam Editor-In-Chief

MiddleEast Insurance Review & Asia Insurance Review

Dr. Ahmed Al JanahiManaging Director, Noor Takaful

Deputy Group CEO, Noor Investment Group

Nick Charteris-BlackDirector -Global Financial Services

A.M. Best

Dr. Alberto BrugnoniChairman of the Board

ASSAIF

Sandra Dawson Tax Director – EMEIA Financial Services

Ernst & Young

Susan DingwallPartner

Norton Rose LLP

Tobias FrenzChief Executive Officer

Munich Re Retakaful

Rafiq Halani General Manager

General & Health TakafulSalama Islamic Arab Insurance Co. (P.S.C)

Dr. Saleh J. MalaikahVice Chairman & Chief Executive Officer

SALAMA Group

Saleem SymallinChief Executive Officer

Mashura Financial Services (Pty) Ltd

Dawood TaylorSenior Regional Executive

Takaful Middle East Prudential Corporation Asia

Hussein Al MeezaManaging Director & Chief Executive Officer

Dubai Islamic Insurance & Reinsurance (AMAN)

Peter HodginsPartner – Corporate Insurance

Clyde & Co Middle East

Yadullah IjtehadiManaging Editor

ABQ Zawya

George OommenExecutive Director – Re-Insurance & CaptivesDubai International Financial Centre

(DIFC)

CONFIRMED SPEAKERS AT WTC 2010

Page 4: Islamic Insurance: Managing Risk. Driving Growth

5th Annual

CONFERENCE DAY 1 – MONDAY 12 APRIL 2010

08:00 to 09:00 Registration and Refreshments

09:00 Opening of the 5th Annual World Takaful Conference

09:00 to 09: 05 Moderator’s Opening Remarks

Moderator: Yadullah Ijtehadi Managing Editor ABQ Zawya

09:05 to 10:15 Session 1: Opening Keynote Plenary: Re-Framing Growth Strategies for New Economic Realities - Positioning to Capitalise on New Growth Opportunities for Takaful

Speakers: Dr. Ahmed Al Janahi Managing Director Noor Takaful Deputy Group Chief Executive Officer Noor Investment Group

Dr. Saleh J. Malaikah Vice Chairman & Chief Executive Officer SALAMA Group

Hussein Al Meeza Managing Director & Chief Executive Officer Dubai Islamic Insurance & Reinsurance (AMAN)

Key Discussion Points:• RevisitingTakafulgrowthforecasts:Managingtheaftermathofthe

globaleconomiccrisisontheprospectsfortheTakafulindustry• Havegrowthprospectsfortheindustrybeencurtailed–oris

Takafulstillontracktobecomean$8bnindustryby2012?• Takingadvantageofeconomicrecovery:Pinpointingnewgrowth

and global market opportunities for Islamic insurance products• RevisitinggrowthopportunitiesinkeyTakafulproductsegments:

Assessing Life vs. Non-Life product growth horizons

10:15 to 10:35 Session 2: The Launch of the World Islamic Insurance Directory 2010

A reference guide to record the growth and development of Islamic Insurance institutions

Speaker: Chakib Abouzaid Chief Executive Officer Takaful Re Limited

10:35 to 11:05 Opening of the World Takaful Exhibition & Refreshment Break

11:05 to 11:10 Moderator’s Introduction Safder Jaffer Senior Consulting Actuary Milliman Dubai

11:10 to 11:50 Session 3: The Launch of the Ernst & Young World Takaful Report 2010Providing a powerful research base for debate and original new insightsintotheindustry,theWorldTakafulReport,developedincollaboration with Ernst & Young, will analyse the key trends shaping the industry, map out the strategic direction of the market leaders andprobetheemerginglandscapeofopportunities.Thisinteractivepresentation will highlight the key findings of the Report and is especially highly anticipated this year as the research will deal with thechallengesandopportunitiesforTakafulplayersastheypositionthemselves to capitalise on the new business landscape as the international financial markets begin to recover.

11:50 to 12:50 Session 4: Building the Next Generation of Takaful Solutions: Effectively Tapping Potential in Under-Penetrated Markets

Session Chair: George Oommen Executive Director – Re-Insurance & Captives Dubai International Financial Centre (DIFC)

Speakers: Parvaiz Siddiq Chief Executive Officer Noor Takaful

Rafiq Halani General Manager – General & Health Takaful Salama Islamic Arab Insurance Co. (P.S.C.)

Shahril Azuar Jimin Chief Executive Officer Etiqa Takaful Berhad

Peter Hodgins Partner – Corporate Insurance Clyde & Co Middle East

Key Discussion Points:• ExploringthelatestinnovationsinTakafulproducts• Matchingproductdevelopmentwithconsumerdemographics:

Realising potential in under-penetrated markets• WhatwillthenextgenerationofIslamicinsurancesolutionslook

like?• InnovationsinFamilyTakafulProducts:Modelsandoperational

issues• FocusingonimprovingtechnicalunderwritingprofitsinTakaful• DefiningtheMicroTakafulopportunity

12:50 to 13:30 Session 5: Roundtable Debate: Strengthening Capabilities in the Re-Takaful Market

Session Chair: Tobias Frenz Chief Executive Officer Munich Re Retakaful

Panelists: Yassir Albaharna Chief Executive Officer Arab Insurance Group (Arig)

Susan Dingwall Partner Norton Rose LLP

Safder Jaffer Senior Consulting Actuary Milliman Dubai

D.R. Arya Chief Manager - Middle East and North African Region GIC of India (GIC Re) Dubai Branch Office

Key Discussion Points:• Achievingcriticalmass:ChallengesandopportunitiesfortheRe-

Takafulindustry• TheroleofRe-Takafuloperatorsversusconventionalreinsurers• HowcantheRe-Takafulindustrystrengthencapabilities?

13:30 to 15:00 Conference Luncheon

15:00 to 16:00 Session 6: Burning Platforms: Interactive Networking Roundtables

A series of informal discussion roundtables focused on the major issuesfacingtheTakafulindustry.Overacupofcoffee,engageindustry leaders and colleagues on a selection of stimulating debate topics:

Growing International Markets

Takaful Product Innovation

Risk Management Imperatives

Islamic Asset Management & Takaful

16:00 Close of Day 1

Page 5: Islamic Insurance: Managing Risk. Driving Growth

CONFERENCE DAY 2 – TUESDAY 13 APRIL 2010

Sponsorship & Exhibition Opportunities Special Delegate Packages

Secure your place today and join the industry leaders to chart thefuturedirectionoftheglobalTakafulindustry.

To receive a group delegate package, please email AndrewChopra at [email protected]

WTC 2010 is a high-profile platform that will ensure high-impact brandvisibility and a unique opportunity to nurture key client relationships in a substantive and issue-driven programme. For details on how yourorganisationcanjointhemarketleadersatWTC2010pleasecontactSophieShah at [email protected]

CONFERENCE DAY 2 – TUESDAY 13 APRIL 2010

08:00 to 09:00 Morning Refreshments

09:00 to 09:05 Moderator’s Opening Remarks

Safder Jaffer Senior Consulting Actuary Milliman Dubai

09:05 to 09:25 Session 7: Keynote Address: Effective Regulatory Initiatives to Strengthen Industry Foundations

Speaker: Paul M Koster Chief Executive Officer Dubai Financial Services Authority (DFSA)

Key Discussion Points:• Lessonsfromtheglobaleconomiccrisis• Keyelementsforprudentialregulation• RiskmanagementanddisclosureimperativesforTakafuloperators• AddressingsolvencyframeworksfortheTakafulindustry

09:25 to 10:05 Session 8: Strengthening Risk Management Capabilities in the Takaful Industry

Speakers: Nick Charteris-Black Director - Global Financial Services A.M. Best

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

Key Discussion Points:• WhatarethenewriskmanagementimperativesforTakaful

operators?• TheroleofratingsforTakaful• AssessingtheratingsprocessforTakaful/Re-Takafulcompanies

10:05 to 10:40 Session 9: The Shari’ah & Business Open Forum: Enabling Consistency and Innovation for the Takaful Industry

Panelist: Sheikh Dr. Mohd Daud Bakar Member - Fatwa and Shari’a Supervisory Board Noor Takaful

Dr. Ludwig Stiftl Head of Center of Competence for Retakaful Munich Re

Key Discussion Points:• ReviewingtheShari’ahframeworkforTakaful• DevelopmentofTakafulproducts-AShari’ahperspective• TowardsconsistencyofstandardsinShari’ahrulingsfortheTakaful

industry

10:40 to 11:20 Session 10: Country Focus Roundtable: Exploring New International Growth Markets for Takaful

A Roundtable debate featuring a panel of international experts representing exciting new growth markets for Islamic insurance services, with a special focus on: Saudi Arabia, UAE, Ireland, Malaysia and Italy.

Session Chair: Saleem Symallin Chief Executive Officer Mashura Financial Services (Pty) Ltd

Panelists: Dr. Alberto Brugnoni Chairman of the Board ASSAIF Ismail Mahbob President & Chief Executive Officer MNRB Retakaful

Debo Ajayi Managing Director Milliman Dubai

Sandra Dawson Tax Director – EMEIA Financial Services Ernst & Young

Key Discussion Points:• WhatinitiativesareunderwayinkeyemergingmarketsforTakaful?• ExaminingtheappetiteandpotentialforTakafulinnon-Islamic

countries• Whatregulatoryframeworksarebeingputinplacethatwillenable

industrydevelopment?

11:20 to 11:50 Refreshment Break & Networking at the World Takaful Exhibition

11:50 to 12:30 Session 11: Boosting Distribution Reach: Leveraging Bancassurance as a Key Growth Platform

InteractiveDebateontheChallenges&OpportunitiesofBancTakaful Panelist: Sohail Jaffer Partner & Head of International Business Development FWU Group

Key Discussion Points:• IntegratingTakafulwithintheBancassurancemodel:Canapowerful

distributionchannelbecreated?• OvercomingregulatorychallengestoBancTakaful• WhereisthestrategicfitandhoweffectivecanBancTakafulbe?• Makingcross-sellingworkeffectively

12:30 to 13:10 Session 12: Managing the Aftermath of the Crisis: New Investment Strategies and Asset Management Approaches for Takaful Operators

Session Chair: Sivam Subramaniam Editor-In-Chief MiddleEast Insurance Review & Asia Insurance Review Speaker: Tariq Al Rifai Director – Islamic Market Indexes Dow Jones Indexes

Key Discussion Points: • HowhavetheinvestmentstrategiesofTakafuloperatorschanged

aftertheturmoilintheinternationalfinancialmarkets?• Towardsachievingabalancedportfolio:FindingShari’ah-compliant

investments that are also efficient• Exploringassetsbeyondtheregionalequityandrealestatemarkets• Whatshouldbethekeyelementsofapost-crisisinvestment

strategyforTakafulplayers?

13:10 Moderator’s Closing Remarks

13:15 to 15:00 Conference Luncheon

15:00 Close of the 5th Annual World Takaful Conference 2010

Page 6: Islamic Insurance: Managing Risk. Driving Growth

REGISTRATION FORM Please complete and fax back to +971 4 3436003

Please make the following reservations on my behalf:

Registration fees:Standard Rate USD 2995

Discounts for above Five or more delegates from the same organisation

- 20% discount Government delegates - 20% discount

Media Media - Free upon accreditation

For registration contact Andrew Chopra - [email protected]

Company Name: Tel: Fax:Address:

INDIVIDUAL BOOKING

Full Name: Mr/Mrs/Ms: Job Title: Mobile No.: Email:

Group Booking Mr/Mrs/Ms Full Name Job Title Mobile No. Email

1st Delegate

2nd Delegate

3rd Delegate

4th Delegate

5th Delegate

THREE EASY PAYMENT METHODS

1. Credit Card Visa Master Card Amex Diners

Number: Alpha Code: For Amex onlyExpiry Date:Amount:Card Holder’s Name:Billing Address:

Signature:

2. Cheque: Send a crossed cheque payable to “MEGA” along with the completed registration form.

3. Bank TransferPlease remit payment to the following account:Quote Reference: C155USD Account No.: 102-10578579-02Account Name: MEGASwift Code: EBILAEADBank: Emirates Bank International, 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

Please complete and return to:

World Takaful ConferencePO Box 72045, Dubai, UAE

Tel: +971 4 3431200, Fax: +971 4 3436003Email: [email protected]

or Register Online atwww.megaevents.net/takaful

Venue: Dusit Thani Dubai Dubai, United Arab Emirates

Accommodation: Dusit Thani Dubai Ms. Grace Robles Tel: +971 4 317 4226 Fax: +971 4 343 3326 Email: [email protected]

Please quote reference ‘WTC’ to access the corporate rate. Please ensure early hotel booking as large international and regional delegations will be attending the conference. Book before 1st of March 2010 to take advantage of the corporate rate, after which the rooms will be subject to availability.

Visas: The Hotel will assist in obtaining visas; this may take several weeks.Participants are required to make their own Hotel room booking and visa arrangements by directly contacting the Dusit Thani Dubai.

5th Annual

12 & 13 April 2010, Dusit Thani Dubai, UAE

Media Associates

Hussein Al MeezaManaging Director & Chief Executive Officer

Dubai Islamic Insurance & Reinsurance (AMAN)

To register please contact:Andrew Chopra – [email protected]. +971 4 343 1200 | f. +971 4 343 6003