Insurans Islam TAIB is proud to sponsor the 5th Asian Takaful Conference in Singapore. The conference was held on the 9th and 10th March 2010 and was organised by the Asia Insurance Review with its sister publication MiddleEast Insurance Review. Novotel Clarke Quay Hotel Singapore was chosen as the venue for the conference.
The theme of this year’s conference was “Reality Check on Growth and Promise of Takaful as a Dynamic Force”. The two days conference discussed and acknowledged on how Takaful operators around the world are measuring up and how successful they have been in providing a comprehensive range of islamic insurance products and services while keeping the Shariah chain complete including the use of Retakaful.
The conference was kicked off with an opening welcome address by Mr Tai Boon Leong, Executive Director, Managing Director’s office, Monetary Authority of Singapore. The conference was attended by around 150 delegates from Bahrain, Bangladesh, Hong Kong, India, Indonesia, Japan, Kuwait, Malaysia, Pakistan, Saudi Arabia, Singapore, Sri Lanka, Thailand, Tunisia, United Arab Emirates, United Kingdom, United States of America and Negara Brunei Darussalam. It was made to understand that this year’s conference is the second largest number of delegates since its inaugural conference five years ago. The attendees profile include representatives from Takaful companies, Life and General insurance companies, Retakaful companies, Regulators, Islamic banking and Financial Institutions players, Shariah scholars, Management Consultants and other service providers of the Takaful industry.
Insurans Islam TAIB was represented by seven number of delegates, including two speakers at the conference. They were:
1. Tuan Haji Mohd Alipah bin Hj Awg Murah – Member of Board of Directors
2. Hj Osman bin Hj Md Jair – Managing Director
3. Hjh Sabariah binti Hj Hassan – Head of Syariah, Perbadanan TAIB
4. Dk Noraini binti Pg Hj Sablon – Senior Manager, Business Operation
5. Hjh Rozana binti Hj Maidin – Senior Executive Officer, Bancatakaful
6. Hj Mohd Faizal bin Hj Wahab – Executive Officer, Business Risks and Retakaful
7. Hj Ehwana bin Hj Yahya – Senior Manager, Product & Business Development
In this year’s conference Hj Ehwana bin Hj Yahya had delivered a paper entitled “ Assessing Marketing and Distribution Strategies in Takaful – The Brunei Experience”. In his paper Hj Ehwana shared with the audiences on the success stories of Brunei’s Takaful market with the particular focus on the marketing and distribution strategies. Hj Ehwana also touched on several issues and challenges in the takaful market with regards to regulatory and consumer behaviours in the future time ahead.
The organiser of the conference had also invited Hj Osman bin Hj Md Jair to become a panellists in the roundtable discussion session. The topic of discussion is “ Actual Takaful and Retakaful Practices in the Market”. He was joined by the CEO of Takaful Re (Dubai), the CEO of MNRB Retakaful (Malaysia) and the Head of Swiss Re Retakaful in the discussions.
Insurans Islam TAIB’s objective to sponsor the most anticipated takaful and retakaful players forum in the region is to promote Insurans Islam TAIB brand in particular and Negara Brunei Darussalam in general to the regional and international players. And it is also intended to promote Insurans Islam TAIB as the first local financial institution in Negara Brunei Darussalam to be assigned with “BBB+” ratings by Fitch Ratings, a global and reputable rating agency.
