Insurance experts address challenges

Manama : Various challenges and opportunities for the region’s insurance markets including the impact of healthcare reform in the region, the changing face of insurance vis-à-vis new technologies and the prospects for growth in the Takaful segment, were discussed at the 13th Annual Middle East Insurance Forum (MEIF 2017) conference which concluded yesterday.

Attended by more than 400 global and regional insurance leaders, the forum exchanged dialogue on strategies, solutions and new frameworks for capitalising on the significant growth opportunities that exist for regional and international insurers in the Middle East. 

 Another highlight of the Forum’s second day of sessions was the launch of the “EY 2017 Middle East Insurance Report”. Presented by. Sanjay Jain, Director and MENA Insurance Leader at Ernst & Young, the report provided an in-depth look at key developments in MENA insurance markets comprised of the six GCC countries and Egypt. The report addressed key insurance trends that are changing the shape of the Middle East insurance markets including GCC VAT, robotics, technology, financial reporting changes, cyber security, digital and data analytics.

Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain(CBB), Abdul Rahman Al Baker expressed thanks to speakers, panelists, delegates and sponsors who contributed to the success of MEIF 2017 

MIEF 2017, spearheaded by the CBB, was held with the support and cooperation of the BIA and sponsored by Braxtone Insurance Management as Lead Partner, Protection, the Broker Partner, Silver Sponsor Solidarity and Bronze Sponsors Ta’zur, SNIC, ARIG, HDI Global and GIG.