With insurance penetration at a mere 3-4% across the region compared to to 30% in developed economies and often exceeding 50% in Scandinavian economies.
"Bancassurance has the potential to produce a quantum jump in the penetration of long term insurance markets in all MENA countries." *
However, while bancassurance in MENA is growing in leaps and bounds, industry professionals are still struggling to make the most of its potential. Optimal returns in this market are strongly based on creating efficient and profitable relationships between the insurers and banks, seamless integration and communication, customer-centric strategies and dynamic distribution planning.
Bancassurance MENA will bring together leading regulators, insurers, banks, consultants and IT providers, to identify market growth strategies as well as models to improve the returns and profitability of this growing channel.
Through industry analysis, global and local best practice sharing, in-depth discussions and networking, the two-day conference will focus on the latest regulations, trends and developments in bancassurance, product development and innovation, new technologies and approaches to creating better efficiencies. It will look at effective strategies and structures for banks and insurers to improve and create successful long term partnerships.