The global takaful market reached US$ 19 Billion in 2017; the market is further projected to exceed US$ 40 Billion by 2023, at a CAGR of 13% during 2017-2023. The insurance ecosystem is enduring transformation and innovation at an incredible pace. Leveraging technology to achieve cost efficiency and productivity is the growing concern within the Takaful Industry. Both, traditional and takaful insurance sectors are facing constant disruption, which is compelling the industry to evolve. Technology is changing the insurance industry, creating new opportunities and needed skills in this previously tradition-bound industry, and also putting an end to the old-fashioned person-to-person customer service. Corresponding to these trends, the 14th Annual World Takaful Conference has been repositioned as the World Takaful & InsurTech Conference (WTIC).
WTIC 2019 will allow participants to better understand market influencers, growth factors and global Takaful opportunities, and at the same time, provide Takaful practitioners with insights into the underlying issues and challenges facing the industry. WTIC 2019 is the definitive forum to meet leading minds from Takaful, InsurTech and Insurance Innovation, with representation from over 35 countries, ranging from key markets for Takaful such as the GCC and South East Asia to emerging markets such as Africa and Europe.
The 14th WTIC offers an unmatched opportunity for dialogue and interaction that serves as a catalyst for the transformation of the entire insurance ecosystem.