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

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.


Dur Hospitality launches training academy for aspiring hoteliers

The announcement was made during a special event attended by the company’s CEO Sultan Al-Otaibi and a number of its senior officials.
Updated 15 September 2019

Dur Hospitality launches training academy for aspiring hoteliers

Saudi hospitality company Dur Hospitality has launched a training academy specialized in hospitality disciplines. The announcement was made during a special event attended by the company’s CEO Sultan Al-Otaibi and a number of its senior officials, in addition to a group of notable local and international hospitality sector professionals.
Dur’s CEO highlighted the importance of the academy, which he said aims to equip local talents interested in working in this sector with the necessary skills and qualifications. He added that the academy’s goals also include training current Dur employees and equipping them with knowledge and applied skills that they require to succeed. He elaborated that the academy will operate over two phases, with the first seeking to fulfill the company’s requirements and ensuring its staff is qualified to execute its future expansion strategy ongoing till 2020, while the second phase will contribute toward supplying the local hotel service sector with qualified and capable national talents.
Al-Otaibi said the academy’s ultimate objective is to equip trainees with world-class skills and provide them with guidance from local and international sector leaders to help them achieve excellence.
The academy will present a number of training programs that aim to raise the qualification and skill level among trainees, which will eventually reflect positively on the Saudi hospitality sector. These programs will cover three main parts, where the first part will include programs on leadership and supervision and will last for 12 months. It will cater to internal supervision and front desk employees, food and beverage production and service employees, and marketing and sales employees.
The second part will be dedicated to training new recruits and will last between three to six months. Likewise, it will include training front desk employees, internal supervision employees, food and beverage production and service employees, and marketing and sales employees.
The third part of the program will include shorter development courses that last between one and five days. It will cover topics including central management for internal and external operations, hotel management, customer service, and health and safety.
Established in 1976, Dur Hospitality has extensive record in managing, developing and operating a wide portfolio of hotels and residential compounds across the Kingdom.