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IFSB programmes to facilitate the development of the Islamic financial services industry     
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  Event Detail

Category:Awareness Programme
Name:[EVE00209] IFSB - INCEIF Executive Forum: Building a Competitive and Resilient Islamic Insurance (Takaful) Industry

This third edition of the Executive Forum series intends to provide comprehensive deliberation and exchange of views between and among practitioners, regulators, and academics on the existing strategies and approaches in building a competitive and resilient Islamic Insurance (Takaful) industry.

Among confirmed speakers who will facilitate the Executive Forum are:


  1. Ahmad Hammami Muhyidin, Director Islamic Financial Services – Takaful, Ernst & Young
  2. Anita Menon, Chief Risk Office,  Prudential BSN Takaful Berhad, Malaysia
  3. Delil Khairat, Head of Underwriting at ACR Retakaful, Malaysia
  4. Ezamshah Ismail, Takaful and Wealth Planning Department, INCEIF, Malaysia
  5. Prof. Dato’ Dr. Kamaruddin Sharif, Head of Takaful and Wealth Planning Department, INCEIF, Malaysia
  6. Lotfi S. Zairi, Acting Director, Risk Management Department, Islamic Corporation for Insurance of Investments and Export Credits (ICIEC), IDB Group, Saudi Arabia
  7. Wan Saifulrizal Wan Ismail, Associate Director, Tower Watson
  8. Assoc. Prof. Dr. Younes Soualhi, Chairman of the Shariah Board of Munich Re Takaful,Malaysia 

For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Start Date:13/11/2013End Date:14/11/2013
Venue Name:Sasana Kijang
City:Kuala Lumpur
Event Website: -
View in PDF

  Programme - Event Session(s)

Date Time Topics
Day 1
08:30 - 09:30 Morning Coffee and Registration
09:30 - 09:45 Opening and Welcoming Remarks
09:45 - 11:00 Insights to Effective Strategic Management to Face Business Challenges in Takāful Industry
  • Synthesizing organisational plans and objectives into a coherent vision
  • Shifting paradigm of Takāful Operator’s management in facing rapidly changing marketplace
  • Building leadership within management team: Challenges to build and maintain organisational momentum
  • Building the future of the Takāful industry: Fostering cooperation and organisational linkages amongst all the stakeholders
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Going Beyond Sharī`ah Compliance: A holistic approach to Designing New Takāful Model and Product Development
  • The Sharī`ah and the “Maqasid Al Sharī`ah” as paradigms in shaping Islamic financial services industry
  • Constructive reaction to the debate on “convergence’’ or “divergence” between Islamic and conventional finance
  • The evolution of Takāful model: the rationale and actual impact on Takāful performance
  • Developing new Takāful model and challenges in product innovation and transformation
  • 13:00 - 14:00 Lunch and Prayers
    14:00 - 15:30 Emerging Issues in Corporate and Sharī`ah Governance of Takāful Operators
  • Underlying corporate governance issues in Takāful: Identifying principal-agent issues in current Takāful practices
  • Sharī`ah Requirements on segregation of funds and fiduciary duties: implication to market practices
  • Necessary requirements in implementing Sharī`ah Governance mechanism in Takāful operators
  • Formulating strategic action to minimise Sharī`ah non-compliance risks in Takāful operators
  • 15:30 - 16:00 Coffee Break
    16:00 - 17:30 Overcoming Underwriting and Pricing issues in Takāful Industry
  • Incorporating specificities of Islamic finance in underwriting process in Takāful operation
  • Gap-analysis in assessing pricing and underwriting risks
  • Issues and challenges in developing assumptions to mitigate underwriting risks
  • Linking underwriting risk with strategic planning
  • Day 2
    08:30 - 09:30 Morning Coffee
    09:30 - 11:00 Enterprise- Risk Management Framework for Takāful Operators
  • Pre-requisite for effective risks management in Takāful business
  • Developing Enterprise Risk Management framework for Takāful Operator
  • Linking Takāful Operational Framework (TOR) with Enterprise Risk Management
  • Effectiveness Board of Directors and Senior Management in managing risks in Takāful business
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Managing Takāful Distribution and Marketing
  • Enhancing distribution and marketing through enhanced Takāful product offerings
  • Developing an effective mixture of delivery channel for Takāful products
  • Strengthening ethical standards in distribution initiatives for Takāful products
  • Issues and challenges in increasing Takāful penetration rate through the utilization of high-technology
  • 13:10 - 14:00 Lunch and Prayers
    14:00 - 15:30 Solvency Requirements for Takāful Operators & Quantitative Solvency Requirements
  • Solvency requirements and its implications of Takāful Operators
  • Analysis on International solvency requirements for Takāful Operators
  • Issues and challenges in the application of Solvency and Quantitative Solvency Requirements by Takāful Operators
  • Revolving issues in solvency requirements: the way forward
  • 15:30 - 16:00 Coffee Break
    16:00 - 17:30 Issues, Challenges and Opportunities for Re-Takāful
  • Changing landscape of global financial architecture and impact on Takāful and Re-Takāful business
  • Emerging challenges in Re-Takāful business
  • Building synergies between Re-Takāful and Takāful
  • Prudential issues in Re-Takāful: A supervisory perspectives
  • Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

    *Note: Click Document Name to view/download document

    1.) Event Session(s) - PDF Format
    2.)   Brochure

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