Welcome to FS Brew, the UAE and Middle East’s first podcast dedicated to insurance and InsureTech. In this episode, hosts Renjit Philip, a boutique consulting firm partner, and Vidya Veerapandian, founder of Forward, engage in a riveting conversation with Mr. Fareed Lutfi, the legendary Secretary General of the Emirates Insurance Association and Gulf Insurance Federation.
With over 40 years of industry experience, Mr. Fareed Lutfi shares his journey into insurance, the pivotal roles of industry federations, and the future of insurance amidst digital transformation and AI integration. Gain insights on the critical challenges and potential growth areas in the GCC insurance market, and explore Mr. Fareed Lutfi’s vision for youth engagement and technological advancements in the insurance landscape. Don’t miss this comprehensive discussion packed with valuable lessons, industry trends, and inspiring stories from a true insurance veteran. Tune in now!
Timestamps:
00:00 Welcome to FS Brew: Introduction and Hosts
00:32 Meet the Insurance Legend: Mr. Fareed Lutfi
01:21 Mr. Fareed Lutfi’s Journey into Insurance
03:29 Role and Responsibilities of Insurance Federations
07:07 Current Challenges in the Insurance Sector
08:35 Opportunities and Growth Areas in Insurance
12:24 The Impact of Technology on Insurance
15:04 The Human Element in Insurance
16:08 The Need for Regulatory Changes and Training
18:09 Future of InsureTech and Industry Insights
18:40 The Cost of Life Insurance Policies
19:05 Regulatory Changes in the Insurance Industry
20:13 Transparency and Open Finance
21:55 Broker Regulations and Industry Adaptation
22:18 Attracting Young Talent to Insurance
25:33 The Historical Roots of Life Insurance
28:01 Rapid Fire Questions with Mr. Fareed Lutfi
33:17 Concluding Thoughts and Reflections
Renjit Philip:
Newsletter: https://www.onemorethinginai.com
Socials:
Twitter / X: @renjitphilip
LinkedIn:
https://www.linkedin.com/in/renjit-philip
Vidya Veerapandian:
https://www.linkedin.com/in/vidya-veerapandian/
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