4 October 2017
Sofitel Dubai Downtown
In the Middle East insurance industry, insurance brokers form a key distribution channel in the market. In recent times competition is fierce. Innovation and differentiation, while focusing on the needs of the customer, will be the cornerstones of growth. The Insurance Brokers’ Forum 2017 strives to make brokers aware and updated with the latest trends to equip themselves to understand and manage those risks.
Bringing considerable expertise with years of experience, speakers at the Insurance Brokers’ Forum will give much insight to brokers.
Albert Rodrigues has been in the UAE’s insurance industry since 1978, initially working for General Accident Fire & Life Assurance Corporation for 23 years, managing their Marketing, Administrative, Underwriting and Claims. After facilitating the regional merger between General Accident and Commercial Union in 1999, Rodrigues founded and managed Millennium Insurance Brokers until merging it with RMS in 2015 through a joint venture partnership. Currently he is the Joint venture partner of RMS for UAE and CEO of Millennium Insurance Brokers based in Dubai. He has actively contributed to overall growth and governance of UAE’s Insurance market actively associated with the Ministry of Economy & Commerce, Emirates Insurance Association, Higher Technical committee besides leading and directing Professional bodies and Social forums.
As regional CEO for Howden Broking Group, Atinc Yilmaz leads the organisation in aligning, coordinating and overseeing the activities of Howden’s operations across India, Turkey, the Middle East and Africa.
Yilmaz has over 25 years’ experience in leadership positions across Asia and the Middle Eastern and Turkish insurance markets, including 13 years leading Marsh’s large clients/risk management and specialty businesses in Turkey as managing director, three years as CEO in Indonesia, and in the last five years as CEO of Marsh in the United Arab Emirates and a member of its Middle East Executive Board.
Yilmaz graduated with an MBA in Banking & Insurance, and a BSc in Business Administration, both from universities in Istanbul, and specialisation in Insurance & Investment in City University CASS Business School in London.
After many years of international travel and assignment with Arab Insurance Group (ARIG) in Bahrain and London, Fareed Lutfi returned to the UAE as Director and CEO of a national company, and then set out as the developing consultant of a new organisation, Aman, Dubai Islamic Insurance and Reinsurance Company to which he established the company while in his role as General Manager and then saw it grow to success as General Advisor. After this project he was drafted into the dual position of Secretary General of the Emirates Insurance Association and Secretary General of the GCC Insurance Commission a position he holds today along with consulting on insurance matters for several entities in the UAE.
Lutfi has an outstanding reputation in the Reinsurance/Insurance market worldwide, which has been of significant benefit in his executive management duties, his varied committee chairmanships and as a participating member in many industry associations. He is well known and recognised for his contributions and support to the growth and development of the industry regionally. Lutfi is a lecturer and participant of the Work Passport Program of the Abu Dhabi Chamber of Commerce and Industry. He is a Member of Planning and Follow-up Committee for training Nationals cadre in the Insurance Sector, and served as a Member of National Committee for the World Trade Organisation of the Ministry of Economy and Commerce during his previous stint as an elected member of the Board of Directors of the Emirates Insurance Association. He has been named Chairman of the Training Committee and member of the Higher Insurance Technical Committee, as well as an elected committee member of Dubai Chamber of Commerce and Industry’s Insurance Business Group.
Lutfi was a Founding Board Member and Advisor to Dubai International Financial Centre (DIFC) on insurance and reinsurance matters, including the initial setting up and promoting the DIFC insurance pillar. Born in Sharjah, United Arab Emirates, he graduated from Oglethorpe University in Atlanta, Georgia. Lutfi enjoys a challenging career in the reinsurance and insurance industry that spans over 25 years. His focus has been international reinsurance, insurance, underwriting, marketing and executive management.
Michael Vaughan has been involved in Indirect Taxation for over 45 years. He commenced his long association with indirect taxation when he joined the UK H.M Customs & Excise Department in 1972, which was then the Government body governing the administration and collection of the UK Value Added Tax.
Vaughan has broad sector experience, working with the Big 4 and with some of the largest, most renowned companies in UK, and Asia Pacific Region, setting up of a new VAT specialist group, within the mainstream tax function. The VAT group assisted clients in all aspects of UK VAT and Asia Pacific region.
Vaughan conducted seminars designed to alert clients to the issues surrounding the implementation of VAT/GST in Singapore. His hands on approach assisted many clients to set up implementation plans to identify the strategy to ensure a smooth cut over to the new tax. Furthermore, he assisted many clients by conducting health checks on GST accounts, representing clients in meetings with the Tax Authorities, preparing manuals to assist accounting staff and has also conducted a program of seminars on niche topics affecting the tax.
Vaughan has lectured extensively on GST to many organizations, and was speaker on the CCH Regional Asia Tax conference. He is the original co-author of the CCH Singapore Goods and Services Tax Guide. Mike has authored a book for CCH entitled “GST – A Hong Kong Perspective” in advance of the proposed implementation of a GST in Hong Kong.
Mustafa O. Vazayil has been the founder and managing director of Gargash Insurance Services in the UAE since 1994. He is a Chartered Insurance Broker, a Fellow of the Chartered Insurance Institute of London and India. He has over 35 years of experience in the Middle East insurance industry and has worked in middle and senior management levels.
Previously he has been the branch manager of New Zealand Insurance in Abu Dhabi from 1979 to 1981, the District Manager of Al Sagr Insurance from 1981 to 1984, the Operations Manager of Al Sagr Insurance from 1984 to 1986 and the Middle East Operations Manager of General Accident of UK from 1987 to 1994, before he went on to set up Gargash Insurance Services.
He is a Board Member of the Federal Body of Insurers, Emirates Insurance Association, and has been the Secretary General of the Insurance Business Group of the Dubai Chamber of Commerce from 2004 –March 2015. He was also a Member of the steering committee of Emiratisation and Insurance program of Higher Colleges of Technology, UAE. He was twice elected member of the Managing Committee of the Overseas Indian Economic Forum. Furthermore, he was member of the Programme Advisory Council on Banking & Finance of Higher Colleges of Technology UAE for 3 consecutive terms.
As general manager of Petra Insurance Brokers, Ramzi Ghurani’s drive stems from improving people’s lives through risk management solutions for customers. This philosophy is applied to his long-time family business the aforementioned Petra Insurance Brokers. His goal is to essentially help bring clarity into people’s lives when it comes to their ever important insurance choice and bring awareness to the benefits and necessities of insurance. Petra Insurance Brokers goal is to continue to pave the way for a healthier society and safer way of living through sound advice.
Ghurani’s efforts within the UAE insurance industry have been recognised by being recently elected as a member of the prestigious Emirates Insurance technical committee.
He holds a BA in Economics from the University of Victoria, BC and an MBA from the New York Institute of Technology, NY along with the CII certification.
Wayne Jones has been in the UAE since 2001. During this time he spent five years in Abu Dhabi assisting with the set-up of Clyde & Co's Abu Dhabi office. He is a recognised specialist in the GCC region for insurance and reinsurance work, and has a broad regional practice advising local and foreign insurance interests on a wide range of contentious and non-contentious matters, across the GCC and wider Middle East region.
In addition to claims, coverage and subrogated recovery work, in recent years Jones has been increasingly involved in a wide range of regulatory work across the GCC, including in the specialist financial centres (DIFC and QFC), dealing with local regulators and government bodies. He has also led the legal teams in advising several GCC governments on the planning and implementation of healthcare financing arrangements. He continues to advise on a broad range of commercial disputes in the Middle East, acting in multi-jurisdictional court disputes and local and international arbitration proceedings. Jones is a frequent speaker at regional insurance market events and a regular contributor to industry publications. He continues to be named as one of MENA Insurance Review's "Power 50" individuals in the region.
A Chemical Engineer by profession, Prabhat Singh has 15 years of progressive experience in Insurance with broad expertise in Property & Engineering, Political Violence Underwriting and Risk Management with various Insurance Companies in India (National Insurance & Iffco Tokio General Insurance) and Middle East (Oman Insurance Company). With more than 7.5 years within the region, he has been involved on managing the Property Programs of all the major properties within UAE and has participated in most of the major programs within GCC.
Debasis Basu has more than 35 years of multinational experience in the insurance industry, having served large conglomerates in India, Bahrain and the UAE in this period. He has a Bachelor’s degree in Chemical Engineering, a Fellowship from the Insurance Institute of India and MIRM certification from the Institute of Risk Management, London.
Currently he is the CEO of Reliance Insurance Brokers LLC, where he uses all his knowledge as a risk engineer and technical head for property and casualty to great use in serving an ever-expanding clientele.
Dr Dennis Sebastian, an alumni of the prestigious IIM-A, graduated in Medicine from India, and attained Post Graduate qualification in HealthCare Management from the Royal College of Surgeons of Ireland.
He is presently the Regional Director of Health at the Reinsurance Group of America – Middle East. Over the last 20 years, Dr. Dennis has worked regionally in Direct Insurance; Health Reinsurance, Third Party Administration and Clinical Management functions, and has been involved in leading forums on Claims management; Health Reinsurance and Social health insurance. He is also the key initiator for the Middle East Insurance Medicine Forum
Rahul Roy has over a decade of both underwriting and broking experience in between the UAE and the USA. Prior to his current role as deputy CEO of Greenshield Insurance Brokers, Rahul was most recently based in New York working in a specialty underwriting capacity for W.R. Berkley Corporation, one of the largest Property and Casualty Holding companies in the USA.
He has previously worked in management roles for niche insurance brokers in New York and Dubai and has a specific focus and understanding of the specialty insurance segment and has overseen a number of technology innovations in the organisations he has worked for. Rahul first moved to Dubai in 1979 and is a graduate of Cornell University in the USA as well as a licensed insurance broker in the state of New York.
Thierry Petrens is the Founder and CEO of Kleptika, a leading international specialist in Innovative and Smart solutions for Happy Customers, delivering ecosystems tailored to the needs of consumers and businesses across the Middle East and Africa markets.
Thierry's mission is to deliver business transformation consultancy and unique solutions such as Robotic Automation, Behavioural intelligence, NLP Arabic chatbot and digital community portals.
Community-focused, Thierry believes passionately in implementing and operating agile and innovative solutions with the ability to improve every aspect of the customer experience framework; it is the secret to ensuring happy customers and unlocking companies and talents true potential.
Fueled by a passion for creativity and innovation, digital transformation and AI, Thierry is a seasoned business leader who holds a master in computing science, COPC coordinator certificate and Six Sigma Black Belt.
Thierry is supporting today key actors in insurance, banking, transportation and governments, and is an active member of the French Business Council and The French Tech in Dubai.
Aftab Hasan is a professional entrepreneur with resounding stake in Energy, Offshore, Marine, Oil & Gas, IT and Insurance & Reinsurance Sector. He has approximately 26 years of professional experience serving and leading top management teams with leading companies from India and the Middle East. He has been speaking at various conferences, summits and seminars on various topics from his associated industry.
He is an elected representative committee member and Secretary General on the board of Insurance Business Group (IBG) under the auspices of Dubai Chamber of Commerce & Industry while serving on the board of various business groups, social and networking organisations. His articles, write-ups and blogs can be found on WordPress, periodicals, journals besides speaking at various conferences, summits and seminars on various topics from his associated industry. He has two Bachelor’s degrees, one in Science and another in Engineering, a Master Degree in Business Management, Diploma in Strategic Planning, Mergers & Acquisitions and Certification in Quality Management.
Hasan is serving below listed companies in respective capacities;
1. 'Arya Insurance Brokerage Co. (LLC)', Dubai, UAE – Chief Executive
2. 'Maritime Management DMCCO' (MMC), Dubai, UAE – Chairman
3. 'MMC GLOBAL INDIA Pvt. Ltd', Mumbai, India – Chairman
4. 'A2R SOLUTIONS', Dubai, UAE – Chairman
5. ‘Risk Exchange International Holdings Pte. Ltd’, Singapore – Chairman
6. ‘Risk Exchange International DMCC’, Dubai, UAE – Chairman
The Insurance Brokers' Forum is a platform to promote interaction and thought leadership within the insurance industry. We hope to provide you with a rich and engaging experience. Register Now
Although 2016 was a profitable year for the insurance companies, the general business environment has been taking a downward trend ever since the oil price shift and the soft market effect. Brokers and many others in the insurance industry have been feeling the pinch of low cash flow. This panel discussion will yield ideas and methods to deal with this ‘low for long’ scenario.
The insurance market has been undergoing a series of regulatory changes. What are the developments that are directly affecting the brokers? How is this distribution chain making sure they comply?
2018 is the year that VAT will be introduced in the economy. What implications will be felt in the insurance industry, particularly for the brokers? What lines of business will be exempt and what will be taxed? Experts will discuss the nuances of the Value Added Tax system that will be introduced in the country shortly.
Technologically, the Middle East may be behind in implementation, but in no way is the insurance broker market ignorant of the changes taking place elsewhere in the world. Artificial intelligence is slowly becoming a norm. This session will discuss:
The risk of fire and damage is very real, especially in this region. The UAE in particular has seen many prominent incidents in the recent past. What considerations can brokers address in such a risk?
Bioprinting is gaining attention in all lines of business. What are the key considerations for the insurance industry at this point? How can brokers contribute? The session will discuss:
The 3rd Insurance Brokers' Forum will be held at Sofitel Dubai Downtown.
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