Asia: Takaful in the digital era
Source: Asia Insurance Review | Aug 2016
Takaful has grown by leaps and bounds with premiums moving from US$4 billion in 2007 and expected to reach $20 billion by 2017. There is a huge market for takaful operators to tap into, with the Muslim population expected to rise from 1.7 billion today to 2.2 billion by 2030 and many non-Muslims now being interested in takaful too. But takaful is still small relative to its potential and to the conventional markets.
With the theme, “Getting Ready for Disruptive Innovation in Takaful”, this year’s Takaful Rendezvous to be held from 27-28 Sept 2016 in Kuala Lumpur, Malaysia, will look at the unique value proposition of takaful in the era of digital disruption while rising to the challenges of innovation, distribution and brand strategy to capture the mass market.
There will be panel discussions and a special CEO roundtable that will discuss the ways and means takaful can stay relevant for the future, in the changing face of modern technology and the digital era.