By Scheduled from 22 – 23rd February 2023, the lauded insurance event, InsureTek 2023, successfully concluded in Dubai. Organized by Biz Events Management, the event brought together top industry stakeholders, decision-makers, and experts under a single roof. His Excellency Dr. Mohammed Saeed Al Kindi, Hon. Former Minister of Environment & Water Government of the UAE and H.E. Fareed Lutfi, the Secretary-General of the Emirates Insurance Association and Gulf insurance association were the esteemed guests at the event.
The insurance industry is a massive global sector that plays a vital role in the world economy by helping individuals and businesses manage risk. In recent years, this sector has been undergoing a massive transformation. The organizations have started to offer innovative products and services, such as usage-based insurance and on-demand insurance, which are appealing to younger, tech-savvy consumers. As the industry continues to adapt to new challenges and opportunities, it is important that organizations leverage technology, innovate their products and services, and respond to changing consumers to become successful in the years to come.
The two-day conference majorly focused on the recent tech trends that are reshaping the insurance sector. Starting with the significant changes that the industry is undergoing to lure Gen Z and millennials to how Metaverse can be integrated into the sector’s operations, Insurance leaders and experts reflected on the future, the impact of technology on the sector, and the opportunities that lie ahead. An interesting panel discussion on how embedded Insurance will enhance value propositions to create new revenue streams, and how the insurance industry will re-think its business model and deliver greater value to the market was also discussed.
Golden Shield Awards 2023 were also bestowed upon the ‘Bravehearts’ of the Insurance industry who have made a significant contribution to the industry and demonstrated innovative and visionary leadership. Industry veteran Mr. Omer Elamin, President of Orient Insurance was bestowed with Lifetime Achievement Award – Management and Mr. Atinc Yilmaz, Howden Regional CEO for Turkey, North Africa & The CIS Countries and Chairman of Multinational Clients Practice TMEA was honored with Lifetime Achievement Award – Leadership. Mr. Frederik Bisjberg, Senior advisor and expert, Digital Transformation / Head of MENA, the Digital Insurer was presented with InsureTek – Excellence in Professional Services, and Mr. Aftab Hasan, Chairman, Risk Exchange (DIFC) Limited and CEO, Arya Insurance Brokerage Co. (Bayzat) won the Personality of the Year award. The award for Top 5 under 40 leaders was bestowed upon Mr. Avinash Babur – CEO , Insurancemarket.ae; Mr. Talal Bayaa, CEO, Bayzat; Mr. Michele Grosso, Chief Executive Officer, Democrance and Mr. Ahmed Eissa, CEO – Motori
Organizational excellence awards were also bestowed upon various renowned insurance companies. The winners included Abu Dhabi National Insurance Company (Energy Insurer of the Year); TCS BaNCS™ for Insurance (Best InsureTek Solution); Insurancemarket.ae (Best Insurance platform); Motori (Best InsureTek Supporter); Now Health International (Digital Insurer of the Year); Dubai National Insurance (Digital Innovation of the Year); Sukoon Insurance (Digital Initiative of the Year); AM Best (Best Rating Agency of The Year); Azentio Software (Best Technology partner for Digital Transformation); Abu Dhabi National Insurance Company (General Insurer of the Year); TCS – GIG Bahrain & GIG Bahrain Takaful (InsureTek Core Transformation Leader of the Year); Al Buhaira National Insurance Company (Health Insurer of the Year); Al Tamimi & Company (Law Firm of the Year); Tawuniya (Customer Experience Award); Turtlemint (Best Business Project Dependent on Mobile Technology); Zurich International Life (Life Insurer of the Year); National General Insurance (Marine Insurer of the Year); Qatar Insurance Group (Motor Insurer of the Year); Orient Insurance (Insurer of the Year Overall); Munich re (Reinsurance Company of the Year); EY (Service Provider of the Year); XA Group – Addenda (Strategic Partner of the Industry); Fidelity United (Best Pet Insurance Provider); Policybazaar (Best InsureTek – Distribution); SALAMA – Islamic Arab Insurance Co. (Takaful Company of the Year); Bayzat (Innovative HRMS Platform of the year); FMC Network (TPA of the Year); Marsh Mclennan (Broker of the Year); Yallacompare (Digital Insurance Broker of the Year); Arab Loss Adjusters (Leading Claims Manager of the Year); PwC (Audit Service Provider of the Year); Milliman (Actuarial / Risk Consultancy Firm of the Year); Risk Exchange (Difc) Limited (Reinsurance Broker of the Year); UHY – James (IFRS 17 solution of the year) and Badri Management Consultancy (Corporate Risk Manager of the Year)
The event is sponsored by Motori, TCS (Gold Sponsors); Insure MO (Delegate Bag Sponsor); Now Health International (Badge and Lanyard Sponsor); Turtlemint, Fidelity United insurance (Bronze Sponsors); Azentio (Technology partner); XA Group, Dubai National Insurance, Salama, Insillion (Lunch & Coffee Sponsors); Policy Bazaar, insurancemarket.ae, FMC Network UAE, Ammin, Al Tamimi & Co., Cuberwrite, Al Buhaira National Insurance co (Conference Session sponsors); Democrance, Idenfo (Associate Sponsors); Emirates Insurance Association, Gulf Insurance Federation, Insurance Business group, insuretechmena, DIFC Insurance Association (Supporting organizations) and International Business magazine, Private banking, World Business outlook, Exante, Insurance monitor, Startup news and the Arab Hospital Network (Media Partners).
For know more about the event, please visit https://www.insuretek.org/