Is takaful lagging behind the technology of the digital era? Is Takaful ready to keep in step with IR4?

Can takaful tap into the regional experts in the Middle East and Asia? Can family learn from general business? These are key questions for Takaful with the onset of IR4 which knows no boundaries and offers deep learning opportunities for a surge in growth. The rise of disruptive technologies with society’s growing reliance on, open up new avenues for growth that are powered by greater operational agility and efficiency through digital transformation.

Demand is set to grow well with the global Muslim population, which is expected to rise from 1.7 billion to 2.2 billion in 2030. The question is, what lies in the road ahead? The challenge is to develop more products and services, differentiate themselves completely from conventional counterparts and adopt discretionary models that respond to customers’ needs.

Industry must seize opportunities in new growth areas, reinforce the core strengths of Takaful to unlock its potential. Takaful operators need to highlight the principles enshrined in traditional Islamic finance which are; good ethics, socially responsible and sustainable.

Join the premier Takaful gathering in the region, The Takaful Rendezvous 2019 that brings together senior individuals in conventional and Takaful players from around the world to address the challenges and opportunity in dealing with IR4 in a tough economy environment and socio-political issues that are expected to continue in the coming period. This Takaful Rendezvous will have a dedicated Panel on Drawing Lessons from the success of the different regions in the Middle East and Asia and Africa as well as a Panel on Drawing Lessons from the traditional players.