Industry stalwarts to headline takaful meet in Dubai

Ebrahim Obaid Al-Zaabi, director general of UAE Insurance Authority, and Abdulla Mohammed Al-Awar, CEO of DIEDC, at the 13th World Takaful & InsurTech Conference.
Updated 18 March 2019
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Industry stalwarts to headline takaful meet in Dubai

Middle East Global Advisers, a financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the 14th edition of the World Takaful & InsurTech Conference (WTIC) April 1-2 in Dubai.
The event is being held in strategic partnership with the Dubai International Financial Center Authority and supported by the UAE Insurance Authority (IA) and the Dubai Islamic Economy Development Center (DIEDC). The two-day forum will take place at Address Dubai Mall Hotel.
Addressing the theme of “Reinforcing customer engagement and operational agility through digital transformation,” the forum is expected to draw participation from over 300 industry leaders and stakeholders. The event will see unique innovations in the form of an “Innovative Insurer Showcase Session.” Attendees can explore transformative solutions by way of insurance products, services and technologies. Insurance regulators from the GCC and Asia will share the best regulatory mandates and practices for the industry to unleash its full potential while maintaining compliance.
There will also be presentations focusing on artificial intelligence solutions that detect insurance fraud and streamlining aggregators’ regulations for better governance, among others.
Abdulla Mohammed Al-Awar, CEO of DIEDC, will deliver the opening keynote address, with the vision of furthering the ecosystem for Islamic insurance to thrive and grow in global markets. Salmaan Jaffrey, chief business development officer of Dubai International Financial Center Authority, will offer his insights on building an insurance ecosystem and driving business value and internal data science capabilities in takaful and conventional insurance by leveraging on insurance innovations.
Industry veterans from leading corporates, banks and regulatory bodies will headline the forum and impart valuable insights on a host of central themes affecting the takaful and insurance innovations industry at large.
Sager Nadershah, managing director of Aljazira Takaful, will offer his insights on aiding takaful operators through substantial regulatory requirements on technical underwriting, pricing, technology adoption and risk management. 
“Saudi insurance market continues to evolve due to strong government reforms and long-term vision supporting the insurance industry growth, namely expanding insurance coverage to increase penetration, enhancing the company’s corporate governance, focusing on building strong solvent companies, enabling business through talent creation and increasing the penetration of protection and saving sector. It is my pleasure to be a part of the 14th Annual World Takaful & InsurTech Conference and address these key points,” said Nadershah.


Role of Indian engineers in KSA lauded at IEF meet

Updated 17 July 2019
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Role of Indian engineers in KSA lauded at IEF meet

Indian Engineers Forum (IEF) Jeddah Chapter recently held its 13th annual general meeting at Hotel Ramada Continental.

Ambassador of India to Saudi Arabia Dr. Ausaf Sayeed graced the event as chief guest and Consul General of India Noor Rahman Sheikh was guest of honor. IEF President Mohammed Sayeeduddin presided over the function.

Expressing appreciation for the activities of the forum, Ambassador Dr. Sayeed recalled its foundation in 2016 during his tenure as consul general of India in Jeddah.

He lauded Sayeeduddin, Amir Khan, Shuja Sheriff and other members and engineers for the activities of the forum and their contribution to the development of Saudi Arabia. Dr. Sayeed highlighted scarcity of water as an acute problem in the world in general and in India in particular. He shared his experience of interacting with engineers in the US, who developed a water condensation machine to extract water from humid air.

Consul General Noor Rahman Sheikh applauded IEF for its services to the engineering community in Saudi Arabia. He highlighted how the excellence of Indian engineers in each sector has impacted society. 

“Our zeal to be the best in whatever we do was demonstrated during last year’s Hajj. The mobile app developed by the Consul General of India is going to help the 200,000 pilgrims expected to come this year,” he said.

Amir Khan, founder and chairman of IEF, said IEF provides a platform for networking, career advancement, community service, and technology exchange. He urged Indian engineers to play a vital role in the development of Saudi Arabia, which he said would help strengthen the relations between India and the Kingdom.

Sayeeduddin thanked Dr. Sayeed for his support in the foundation of IEF. He announced that, having served as founding president for the last 13 years, he is now stepping down and the new president, unanimously elected, will be Khan Mustafa.

Nadeem Ahmed Ali, executive member of IEF, delivered a presentation on digital disruption.

Syed Nasir Khursheed, IEF general secretary, conducted the program.

Indian real estate advisory firm/ institutional channel partner 360 Realtors LLP participated in the event and were the main sponsors. A presentation covering major construction, residential and commercial projects in India was made by S. K. Vivek Kumar, head of international sales, 360 Realtors. Amit Hariyal also delivered a presentation on residential projects across the Indian cities of Bangalore, Chennai, Hyderabad and Pune. 

Abdul Rahman, general manager of TA Infra Projects, expressed happiness to be part of the IEF.

Khader Memon made a presentation titled “Special Investment Plan.”

The chief guest, guest of honor and sponsors were presented mementoes as a token of appreciation by the IEF president and executive committee. This was followed by the release of the annual magazine of the forum, Spectrum 2019, edited by Muazzam Sayeed.

A lively session of quiz was conducted by Munnawar Amafh. 

The event was attended by a number of guests from across the Kingdom, including Abdul Haseeb Hazari, Danish Ghafoor, Siadat Ali Khan, Shameem Kausar and Ahmed Omais.

The program started with a recitation of the Holy Qur’an by Talha Khan. Ashraf Nawaz Qureshi, IEF treasurer, welcomed the guests.

IEF Vice President Abu Bakar Sherkhan introduced the chief guest while Mohammed Shoebuddin, IEF chief coordinator, presented a vote of thanks.