IAAI MENA 2024

IAAI MENA 2024

Welcome to IAAI MENA 2024

IAAI MENA 2024 AGENDA

Day One I 5 March, 2024 Day Two I 6 March, 2024


08:00


Registration and Morning Tea


08:50


Opening and Chairman’s Welcome Address


Session 1: Charting a Path to Success in the Digital Era

09:00


Insurance Innovation in the MENA region: Opportunities, Challenges and Growth


  • Rapidly transforming landscape
  • Regulatory Updates in MENA region
  • The road ahead for insurers and regulators
  • Driver to MENA insurers’ growth 
  • Specific challenges, threats and opportunities

09:30

Impact of Insurtech: Build Business Architectures Fit for the Future


10:00


Panel Discussion:
Effective Strategies:Charting a Path to Success in the Digital Era


  • Opportunities in data-driven ecosystems for insurers
  • How do digital ecosystems keep insurers competitive?
  • How can agents and brokers thrive in a digitalized insurance industry?
  • The latest digital marketing trends and innovations
  • What strategies should insurers adopt to maintain a competitive edge?
  • ESG strategy:How climate change and nature-based risks can impact insurers?
  • Insurance marketplace Outlook 2030

10:40

Networking Coffee Break


Session 2: Digital Insurance Ecosystem Transformation

11:10

Panel Discussion:
Engaging with InsurTechs: To Build or to Buy


  • Explore the pros and cons of building in-house capabilities versus buying technology solutions from insurtech firms
  • Gap between insurance companies and InsurTechs needs to be reconciled
  • Defining the strategic objectives that drive the decision to build or buy technology solutions
  • Exploring different collaboration and partnership models between traditional insurance companies and InsurTech startups
  • Regulatory and compliance considerations
  • Successful collaboration within the industry so far

11:50

Accelerating Digital Transformation Through the Cloud


  • The Cloud revolution
  • Continuous innovation in the Cloud:Creating a connected customer experience

12:20

Networking luncheon


Session 3: Transforming Customer Experience with Analytics & AI

14:00

Enhancing Customer Journey with Analytics & AI in Insurance


  • Virtual relationship building and customer needs
  • Customer experience ecosystem and digital strategies
  • Multi-dimensional linkage for enhanced customer experience
  • Ai and digital breakthroughs in customer experience

14:30

Embedded Insurance: Powered by AI/ML


  • Increase reach and purchase rate
  • Powered by AI/ML
  • Coverage tailored to consumers’ needs

15:00


Panel Discussion:
The Future of Consumer Distribution: Technologies and Market Dynamics


  • Key market dynamics driving changes in consumer distribution strategies
  • Data-driven marketing and advertising in insurance
  • How MGAs fit into the distribution channel?
  • Emerging technologies reshaping consumer distribution
  • What role does data analytics&AI play in optimizing consumer distribution strategies?
  • Marketing automation tools to reduce customer acquisition cost
  • Customer data management: Keep up with the everchanging demands of customers across different channels

15:40


Networking Coffee Break


Session 4: Insurtech Update & Innovative High-Tech Adoption

16:10


How Robotic Process Automation in Insurance Industry Do Wonders?


16:40


Reshaping Insurance with Generative AI


  • Potential of Generative AI and LLM
  • How Generative AI revolutionize the insurance industry in terms of efficiency and data analysis
  • Using Generative AI to enhance customer experiences and build trust

17:10


AI in Insurance: What Does it Mean for Actuaries?


17:40


Leveraging Spatiotemporal Big Data: Transforming the Insurance Industry


18:10


End of Day One


08:00


Registration and Morning Tea


08:50


Opening and Chairman’s Welcome Address


Session 5: Unleashing the Power of Analytics & AI: Unlocking Value for Business

09:00


Unlocking Business Value Through Data-Driven Decisions


  • Best practices for creating and sustaining data-driven commercial growth
  • Digital optimization & efficiency Powered by analytics & AI

09:30


Digital Products and Protection Policies Better Reflect the Modern Consumer


  • Personalized digital experiences
  • Innovative product offerings
  • Enhanced customer engagement
  • Integration of technology for efficient protection policies

10:00

Panel Discussion:
Analytics & AI in Insurance Value Chain for Sustainable Profits


  • Regulatory compliance and implementation of Analytics & AI
  • Leveraging data for underwriting, retention, and claims
  • Exploring the benefits of process digitization/data analytics&ML/blockchain/IOT/RPA in the insurance value chain
  • Competitive edge in product development, pricing, and risk management
  • Key ways in which analytics&AI can improve underwriting, claims processing, and customer retention
  • Contribution of analytics &AI to long-term sustainability and profitability
  • Potential challenges and limitations

10:40

Networking coffee break

11:10


The Evolution of Digital Direct Distribution


11:40


Human+Digital:The Future Insurance Workforce


12:10

Networking Luncheon

Session 6: Digital Revolution in Underwriting and Claims

14:00

Exploring Data Partnerships for Underwriting Opportunities


  • data partnerships to help overcome data silos
  • Enabling personalized underwriting
  • Driving innovation and profitability

14:30


Panel Discussion:
Unlocking the Value of Touchless Claims and Digital Underwriting Process


  • Opportunities and threats from new ecosystems on claims and underwriting
  • Shielding Claims Processing and Underwriting from Tough Market Conditions
  • Leveraging data in improved claims processing and underwriting
  • Revolutionizing the claims experience through automation technologies
  • Insurtech's role in insuring previously 'uninsurable' segments
  • Best practices for dealing with third-party platforms or partnerships in claims and underwriting

15:10


Networking coffee break


  • Opportunities and threats from new ecosystems on claims
  • Customer-centric claims experience
  • Blending automation and empathy in claims
  • Leveraging data for improved claims processing
  • Shielding claims processing from tough market conditions

15:40

Panel Discussion:

16:10


Bolstering Awareness of Insurance Fraud and Security/h1>
  • Prevalence of fraud and challenges
  • Analytics &AI for fraud detection
  • Cybersecurity challenges of digital solutions
  • Blockchain solutions

Session 7: Data Security & Compliance

16:40

Data Protection in Insurance: Compliance Requirements for the Insurance Companies


  • Type of sensitive data processed by insurers
  • Data breaches and compliance requirements
  • Case study:Healthcare data protection in the UAE

17:10


Applications for Privacy Enhancing Technologies in the Insurance Domain


  • Differentially private synthetic data/secure multiparty computation/homomorphic encryption/federated learning

Closing Remark and close of conference