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IFN Roundtable: What does
the future hold for the Takaful industry in Indonesia?
A group of regional and international experts gathered together at the
Shangri-La Hotel in Jakarta to conduct a high-level discussion on the
future of the Indonesian Islamic insurance industry. With a broad range
of perspectives including from the regulatory, practitioner, reTakaful
and observer angles, the debate was wide-ranging and rewarding, with
lively interaction and valuable collaboration between the parties.
Seeking to uncover the key trends and developments in the Indonesian
Takaful and reTakaful industry and gain an understanding of the
requirements for growth going forward, the conversation focused on the
anticipated regulatory updates and their impact on the Takaful
landscape; as well as the differentiation and distribution strategy and
what changes were needed to the current business model; the key product
growth segments and trends in the market; and the core challenges
facing the Takaful industry as a whole and how these can be met by all
stakeholders.
Islamic Finance news
was delighted to bring together the comprehensive knowledge and
experience of leading industry experts including Moch. Muchlasin, Firas
El Azam, Marcel Omar Papp and Srikandi Utami; representing a
cross-section of the Takaful industry and achieving a rewarding and
challenging discussion.
Panelists:
Moch.
Muchlasin
Director of Shariah Non Bank Financial Industries, OJK
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Firas El Azem
General Manager,
Takaful-Re
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Marcel Omar
Head of Retakaful,
Swiss Re
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Srikandi Utami
Head of Shariah,
Sun Life Financial, Indonesia
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