gif Event Review
The Middle East Insurance Forum to Explore Growth Potential in the Regional Insurance Markets
More than 450 leaders from the regional insur- ance industry to gather at the 7th annual con- ference.
As stability makes way for recovery, major players in the Middle East insurance industry are reas- sessing their strategies and are seeking a clear direction on how to adapt and revamp their busi- ness strategies in order to pursue the growth op- portunities in the region. The 7th Annual Middle East Insurance Forum (MEIF 2011), which will be held on the 7th & 8th of February 2011 at the Ritz Carlton Bahrain, has been structured to ad- dress key areas that the industry needs to review in order to “translate the potential into growth”.
MEIF 2011, which is held under the patronage of the Central Bank of Bahrain and supported by the Bahrain Insurance Association, will feature critical discussions on product development, underwriting trends, reinsurance capabilities, investment strategies, corporate governance, regulatory and risk management priorities and strategies for unleashing growth in the regional insurance market. Speaking ahead of the event, David McLean, Managing Director of the Middle East Insurance Forum said that “the Middle East insurance market undoubtedly has tremendous growth potential. However, to fully realize this
growth potential of the region’s insurance mar- ket, a number of key challenges need to be tack- led”. He said that “the Middle East insurance in- dustry has now reached a critical juncture where it is facing a combination of significant challeng- es and great opportunities”.
Similar views were expressed by Hussein Al Meeza, Managing Director and Chief Executive Officer of Dubai Islamic Insurance & Reinsur- ance (AMAN) who said that “the Middle East in- surance industry has been growing at a very fast pace and promises exciting growth prospects.”
He said that “the 7th Annual Middle East Insur- ance Forum (MEIF 2011) comes at a critical time when the major players in the industry are seeking to explore the untapped potential in the regional insurance industry. MEIF over the years has been widely recognized as a forum which brings together a unique group of experts in the international and regional insurance industry to discuss the most pressing issues that the indus- try is facing.”
“Aman as a leading Takaful Operator in the re- gion is delighted to be a partner at this prestig- ious event”, he added. The 7th Annual Middle East Insurance Forum is set to begin on the 7th
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