The Insurance Federation of Egypt (IFE) announced that the first annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous will be held from 28 to 30 October 2018 in Sharm El-Sheikh.
Alaa El-Zoheiry, chairperson of the IFE, told Daily News Egypt in an interview that the rendezvous aims to provide a unique opportunity for the participating delegations to take advantage of the experiences from different markets, in order to develop the Egyptian insurance industry.
He noted that the rendezvous is expected to witness the participation of more than 1000 experts from the insurance and reinsurance industry, of which half are expected to be from the international insurance market.
El-Zoheiry stated that the rendezvous will include about 25 speakers, of which about 18 or 19 are from the international insurance and reinsurance markets, including companies such as Marsh, Willis Towers Watson, Hannover ReTakaful, Swiss Re, and SCOR Glob.
He added that he thinks that Egypt could utilise this rendezvous in promoting tourism in Egypt, pointing out that the IFE is currently coordinating with the Egyptian Tourism Authority and with the Red Sea governor to exploit the event in promoting tourism.
El-Zoheiry said that the rendezvous will be held under the auspices of the Ministry of Public Sector Affairs, Ministry of Investment and International Cooperation, and the General Authority for Financial Supervision.
Previously, the IFE announced that the rendezvous will discuss four important axes, which are the best global practices in insurance and reinsurance, what is new in the international market, what needs to be developed in the brokerage business in the Egyptian insurance market, and discussing the challenges and opportunities of the insurance and reinsurance market in Egypt.
The rendezvous will also discuss the most important challenges to meeting the needs of the insurance industry’s customers and discussing the role of global block technology in the insurance sector and its consequences for the development of customer service.