UAE – Innovation is the future of insurance
Thursday, 03 16 2017, Category: Insurance and Reinsurance, Country: U.A.E
Insurance Innovations Conference closed the curtains on a successful two-day event yesterday at the Nassima Royal Hotel in Dubai. The conference witnessed key stakeholders in the insurance industry come together and engage in a dialogue on the role of innovation in insurance and major trends reshaping the industry. The event was inaugurated by Sameh Hafez, VP of Customer Proposition at Oman Insurance Company, who also delivered the opening address. This was followed by a keynote session titled “The race to the top with digital era innovations to stay ahead” by Fareed Lutfi, Secretary General at Emirates Insurance Association.
The keynote addresses were followed by in-depth sessions on digital disruption and health insurance, insurance aggregators in GCC, fostering collaborative relationships between startups and insurers and digital innovations for customer experience by esteemed speakers from the National Health Insurance Company (Daman), SouqAl Mal, GISBA, Startupbootcamp InsurTech and Union Insurance Company.
Nameer Khan, Group Head Bancataful at Pak-Qatar Family Takaful said, while presenting a session on transformation and new initiatives: “Rapidly changing customer behavior, the availability of smart devices and innovation ecosystems achieving scale have provided the industry a much needed push. New digital capabilities and Internet of Things (IoT) devices will break the Steeped in tradition, burdened by outdated systems and paper-based operations. Consequently, also result in reducing costs, changing systems and processes are the core drivers for driving towards a change for good”.
Source: MENA Herald