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Building on a strong heritage ofservinginsights-based solutionsto the industry for over a decade, the 12th edition of the Middle East Insurance Forum(MEIF 2016)will engage Insurance and Takaful leaders under the theme 'Connect, Converge and Consolidate'.
Bahrain - The 12th Annual Middle East Insurance Forumwill be held on the 2nd and 3rdof February2016 at the Gulf Hotel Bahrain withthe strategic support of the Central Bank of Bahrain(CBB) and in partnership with the leading insurance companies of the region. The Forum is set to gather more than 400 insurance professionals from around the world comprising of policy makers, dignitaries, central bankrepresentatives, heads of insurance supervision, CEOs of the largest insurance operators, thought leaders and experts in research, bankers, academia and Shariah scholars.
The high profile gathering with a brand new refreshed agenda will tackle head-on the most critical issues in the industry relating tounhealthy and fierce competition, diminishing returns, declining growth rates and the implications of major global and regional developments in insurance regulations. The discussions will specifically focus on expanding and diversifying the market to create new opportunities for growth under the theme of "Connect, Converge, Consolidate."
The 12th MEIF will be host toa number of newinitiatives and innovative features. The most noteworthy feature is "Connect"by ME Global Advisors, a mobile application that will provide a truly engaging and interactive experience for the audience by enablingthem to participate in live voting on key issues. The mobile app will alsofacilitate high impact networking opportunities between delegatesto help build new partnerships. Another key feature is therealtime extensive coverage of the conference on social media to facilitate virtual conversations, thereby extending the reach of the insurance community and its key issues to consumers.
The Forum program has been intelligently crafted along the multiple streams of life insurance/family Takaful and Non-life insurance to cover these considerably different models of insurance in detail. There has also been anincreased focuson creating bespoke content tailored to meet the critical needs of the industry.These include the growth of life insurance/Family Takaful, implications of the regulatory developments in the region, strengthening rating of the insurance operators, diversifying investment management strategies and reinforcingbancasssurance and bancatakaful partnerships.
On the intelligence front, the most exciting feature will be the launch of the "Finance Forward Middle East Insurance Outlook Report 2016" by Middle East Global Advisors, the conveners of the Forum over its 12-year history. Under the leadership of Dr. Sayd Farook, Vice Chairman and CEO of Middle East Global Advisors, the report will provide groundbreaking forward looking insights into the key forces shaping the regional insurance industry in 2016.
MEIF 2016 will also commemorate business excellence in the insurance industry by presenting the "12th Annual MEIF Institutional Excellence Award 2016" to the leading organization.
Speaking ahead of the forum Mr. Abdul Rahman Mohammed Al Baker - Executive Director of Financial Institutions Supervision at the CBB and the opening keynote speaker at the forum - commended the role of MEIF in supporting the growth of the industry. He stated that "MEIF has contributed significantly to shaping the path of the industry over the years by providing a platform to come together and deliberate on the key challenges and opportunities. The upcoming MEIF is particularly important in facilitating a dialogue among the insurance practitioners, policy makers and other stakeholders in the industry which currently is more critical than ever, as the regional and global insurance industry undergoes a significant changes as regulations adapt to ensure stability and growth.
Mr. Al Baker highlighted the importance of the event's focus on increasing the industry's size, he stated" the Middle East insurance industry has enormous potential for growth driven by rising insurance penetration and increased economic growth in the region and it's imperative to find ways to tap into this potential. I am glad that the forum will focus on such vital opportunities and I look forward to the discussions"
Dr. Sayd Farook appreciated the crucial role of CBB in strengthening the Middle East insurance industry, he stated "We are thankful to CBB and Mr. Al Baker for their continued support in driving the growth of the industry by encouraging gatherings like MEIF. Speaking to the pivotal role of the forum, he further mentions, "MEIF serves as a compass to determine the future course of the industry. In order to further enhance the experience of the participants and ensure that the forum generates fresh insights for the industry, we have completely redesigned the structure of the programme and added many new features. These developments are aimed at addressing the most critical issues, facilitating thought provoking discussions, encouraging interaction amongst the participants and taking the conversations global to multiply exposure and participation. I am particularly looking forward to the launch of the "Finance Forward Middle East Insurance Outlook Report 2016". The outlook will help Insurance leaders and practitioners appreciate the key headwinds impacting the Middle East insurance sector in 2016 and facilitate their strategic planning based on industry wide empirical data."
To find out more about MEIF, visitwww.MEIF2016.com
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About Middle East Global Advisors
Connecting markets with intelligent insights & strategic execution since 1993.
Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East - The Middle East North Africa Southeast Asia (MENASEA) connection. We pride ourselves for being at the heart of these diverse markets for over 22 years.
Join the global conversation on Twitter via @MEIF2016 #MEIF2016
Visit us at meglobaladvisors.com
About MEIF
MEIF is the region's leading insurance platform that has served a key role in the development of the industry and driving its growth for the past 12 years. Held under the patronage of the Central Bank of Bahrain, the forum partners with the region's largest insurance organizations in converging the most distinguished leaders in insurance under a single platform to assess the direction of the industry and chart new ways for its growth.
Nikita Kandath
Marketing & Media Manager
ME Global Advisors
Tel: +971 4 441 4946
Email: nikita@meglobaladvisors.com
© Press Release 2015
