A majority of the population in the Middle East and Africa lacks awareness about insurance and how it works, and how it could benefit them. This has resulted in low penetration ratios in the MEA region. However, the industry has been growing at impressive double-digit rates, evidencing opportunities for profit. Many countries are reforming their insurance laws that are aimed at making these markets more attractive to foreign investors via convergence to international standards and practices.
Overall, Middle East and Africa provide enormous potential for both local and international insurance and reinsurance players. Overcoming the obstacles and challenges faced in today's market, Middle East and Africa could be one of the biggest insurance markets in 2014 and beyond.
The 4th Annual Middle East and Africa Insurance Summit, organized by FLEMING Gulf will take place on 20-21 January 2014 in Dubai, UAE. This summit has been one of the platforms which have helped companies collaborate and understand the regional insurance industry. Understanding the market, discussing the best practices, reviewing penetration strategies, addressing the current challenges and evaluating the future opportunities are the key points of discussion at the summit with special focus on developments in Takaful and Re-Takaful, bancassurance and emerging product innovations.
The summit will provide in-depth information on the insurance industry in the Middle East and Africa and will be a perfect opportunity for networking and gaining knowledgeable insight on the happenings in the industry.
Media XPRIMM is Media Partner of the event, promoting it through its dedicated websites and publications.
More details regarding the complete program and the registration procedure are available on finance.fleminggulf.com.