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Insurance industry in the Middle East and Africa on the path of growth and recovery

Posted Sep 30, 2013 by madhavifg
With confidence in the insurance sector increasing, the 4th Annual Middle East and Africa Insurance Summit, taking place on 20-21 January 2014 in Dubai will address the burning issues faced by the insurance industry in the MEA region.

FOR IMMEDIATE RELEASE (Press Release) Sep 30, 2013 -- As one of the cornerstones of the modern-day financial sector, insurance in the Middle East and Africa has traditionally lagged in growth and development in relation to other elements of the financial services sector. A majority of the population in the Middle East and Africa lacks awareness about insurance and how it works, and how it could benefit them. This has resulted in low penetration ratios in the MEA region.

However, the industry in the region has been growing at impressive double-digit rates, evidencing opportunities for profit. Many countries are reforming their insurance laws that are aimed at making these markets more attractive to foreign investors via convergence to international standards and practices. Overall, Middle East and Africa provide enormous potential for both local and international insurance and reinsurance players. Overcoming the obstacles and challenges faced in today's market, Middle East and Africa could be one of the biggest insurance markets in 2014 and beyond.

Fleming Gulf has announced the 4th Annual Middle East and Africa Insurance Summit, taking place on 20-21 January 2014 in Dubai, UAE. This summit has been one of the most notable insurance forums in the region and has been one of the platforms which has helped companies collaborate and understand the regional insurance industry. Understanding the market, discussing the best practices, reviewing penetration strategies, addressing the current challenges and evaluating the future opportunities are the key points of discussion at the summit with special focus on developments in Takaful and Re-Takaful, bancassurance and emerging product innovations.

Notable speakers who will share their insights on the latest developments on the industry include Dr Abdul Zahra Abdullah Ali, National General Insurance Co., CEO; Aftab Hasan, Arya Insurance Brokerage Co., CEO; Adrian Flowers, Sabb Takaful, CEO; Ajmal Bhatty, Alinma Tokio Marine Company, CEO; among many others.

The summit will provide in-depth information on the insurance industry in the Middle East and Africa and will be a perfect opportunity for networking and gaining knowledgeable insight on the happenings in the industry.

About Fleming Gulf Conferences:

Founded in 2005, Fleming Gulf is young, dynamic and has fast become one of the leading providers of business intelligence through industry specific conferences, webinars and skills enhancement training courses. Our goal is to link professionals and provide them with commercial acumen, business investment contacts and a world of opportunities.

Media Contact:
Amrita Jambavalikar
Marketing – Mining
E: [email protected]
T: +971 4 609 1570
F: +971 4 609 1589
-- EOF ---
Contact Email :
Issued By : Fleming gulf
Phone : 00 971 4609 1570
Business Address : Fleming Gulf Dubai Airport Free Zone P.O. Box 54772 Dubai, U.A.E.
Country : South Africa
Categories : Finance, Insurance
Tags : bancassurance, takaful, insurance in the middle east, finance
Last Updated : Sep 30, 2013

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