FULL PROGRAMME

 

 

 

DAY 1: Monday, 22 February 2010 (09:00 – 16:30)

Time Topics
09:00 – 09:30 Registration & Morning Coffee
09:30 – 10:30 Opening and Keynote Session
10:30– 11:00

Networking Session and Coffee Break

11:00 – 12:30

Session 1

Solvency for Takãful Operations: Critical elements for prudential regulations (Part 1)

Key Issues
• The development of the International Association of Insurance Supervisors (IAIS) solvency in insurance
• Segregation and fungibility of funds
• Treatment of fund segregation during insolvency / winding up situation

12:30 – 13:30

Lunch and prayers

13:30 – 15:00

Session 2
Solvency for Takãful Operations: Critical elements for prudential regulations (Part 2)
Key Issues

    • Qara facility / Injection of assets into Takãful / Assignment of assets in shareholders’ fund
    • Ownership and responsibility in solvency and implication of Participants’ commitment
15:00 – 15:30

Networking Session and Coffee Break

15:30 – 17:00

Session 3
Governance of Takãful
Key Issues

    • Lessons learned from the crisis and conventional insurance
    • Roles of various stakeholders in protecting the participants’ funds

 


DAY 2: Tuesday, 23 February 2010 (09:00 – 13:00)

Time Topics
09:00 – 09:30 Morning Coffee
09:30 – 11:00

Session 4

Risk Management and Disclosure in Takãful Practices


Key Issues
•     Risk management practices expected from the regulatory and supervisory authorities in the management of

      funds
•     Disclosure of Takaful undertaking’s risks inherent in the fund and its solvency position, segregation and

      management of funds

11:00 – 11:30 Networking Session and Coffee Break
11:30 – 13:00

Session 5:

The Role and Recognition of Ratings by External Credit Assessment Institutions


Key Issues
•     Objective of ratings in Takãful operations
•     Methodology of ratings and rating processes

13:00 Lunch and End of Seminar

                                    

* 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.

 

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