The COVID-19 pandemic has created unprecedented challenges with global travel restrictions, lockdowns, and massive public measures imposed to flatten the curve of new infections. The uncertainties have put the global economy in jeopardy, posing some challenges to the insurance and takaful industry as well.
As businesses continue to deal with these challenges, now is the perfect opportunity for the sector to rethink new strategies, re-evaluate priorities and practices to ensure that the sector transitions into the post-pandemic era as efficiently as possible. The adoption of digital technology is becoming indispensable as we move forward.
Can takaful sail through COVID-19 and play an important role in the post-pandemic economic recovery? How has the pandemic affected the industry? Is the industry doing enough at the moment or could it do more? Is there a silver lining behind the dark clouds of uncertainty? What is the biggest missed opportunity if the industry doesn’t step up now? Against this backdrop, this year’s Virtual Takaful Rendezvous will be discussing the future of takaful in the new normal and the strategic direction the sector needs to emerge even stronger from this crisis.