Yemisi Izuora
Some Nigerian insurance operators have indicated interest to attend the upcoming 10th Anniversary of the World Takaful Conference (WTC 2015).
The conference holding in Dusit Thani, Dubai will attract about 400 industry leaders who have already registered, the organisers said.
Holding under the theme “Revitialising the Industry: A New Way Forward for Takaful”, WTC 2015 creates a platform for the international Takaful industry to converge and engage on the pressing issues not only in the established centres for Takaful, but also in the merging high-potential markets for Shari’ah compliant insurance, as industry leaders from the Middle East, South East Asia, Africa and beyond are set to gather in Dubai for the 10th Anniversary Special Edition of the World Takaful Conference.
The conference will set the stage for discussions that will strive to improve the competitive performance of takaful players and will also seek answers to questions such as the increasing product demand based on consumer demographics, rising income levels and an increasing appetite for shari’ah-compliant products.
Commenting ahead of the event, Ehsan Abbas, chairman of the WTC, noted that the takaful industry, like any other growing industry, is facing a number of challenges such as balancing a growth drive with sustainable profitability, the need for skilled professionals, an enhanced regulatory and prudential framework and a deeper pool of Shari’ah-compliant investment opportunities all of which need to be urgently addressed.