Inaugural Insurance and Takaful International Symposium (ITIS)
Advancing Knowledge through Research for Innovation and Competitiveness in Insurance and Takaful
The insurance and takaful industries have achieved remarkable growth and development in recent years. As many challenges continue to batter the industry, this symposium is designed to enlighten industry players on how to sustain growth and performance, product innovation, regulatory capital rules and related accounting standards, and fraud issues, to name a few. All these have significant impact on the way in which the industry responds and act on these issues.
The rapid pace of change in insurance and takaful magnifies the importance of business research, not only for the organisation but also the industry as a whole. Somehow research is perceived as cost. Hence, more often than not, it receives low priority in an organisation regardless of size. Perhaps the maturity of the industry or the organisation has some influence on research to a certain extent. In most advanced countries, research is core because it creates new information and knowledge, and increases economic competitiveness. Furthermore, they are essential in business decision-making. In view of the importance of research and the need to increase the appetite to conduct research for the insurance industry for innovation and competitiveness, The Malaysian Insurance Institute (MII) has taken the initiative to co-organise with Universiti Kebangsaan Malaysia (UKM), the 1st Insurance and Takaful International Symposium (ITIS) which will take place on 7-8 October 2013 in UKM Bangi, Selangor. The symposium will address issues and challenges in the insurance and takaful industry as well as related areas with paper presented by academicians and practitioners. ITIS is a project under the MII Research Capacity Building Programme which is intended as a ‘meeting of minds” among thinkers, scholar and practitioners. ITIS is partly funded by the capacity building funds, a contribution by the industry to elevate the standard of education, training and professionalism of the insurance industry in Malaysia. To encourage paper presenters, their participation fee is sponsored. Side events include the launching of the MII Research Centre and Best Papers Award. The topics include issues in insurance and takaful models, issues in pricing, marketing, investment, efficiencies among takaful operators and insurance companies, agency issues, risk management, corporate finance, regulations, consumers and other related issues in insurance and takaful. The researches include both academic and applied research which would benefit the insurance and takaful industry in general. At this point of reporting, more than 50 papers have been accepted by the organiser and will be presented by the scholars and practitioners from countries such as Malaysia, Mexico, Sri Lanka, Indonesia, Chine, Pakistan, to name a few. The research findings would enable especially practitioners to innovate, improve capital efficiency, increase performance and growth. Another objective that has been met is to increase the number of research papers produced for the benefits of the insurance and takaful industry. To attend please register online at http://submit.confbay.com/conf/itis2013