In­au­gu­ral Insurance and Taka­ful In­ter­na­tional Sym­po­sium (ITIS)

Ad­vanc­ing Knowl­edge through Re­search for In­no­va­tion and Com­pet­i­tive­ness in Insurance and Taka­ful

Insurance - - CONTENTS -

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.conf­

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