The event gathered industry leaders, experts, and stakeholders across Africa to discuss and explore the transformative potential of technology as it drives Takaful and non-interest finance in Africa.
He also informed the gathering that the company planned to make the conference annual. Bakare noted that the conference is intended to create an ecosystem of knowledge sharing while analyzing regulatory frameworks and policy recommendations to support the growth of Takaful and Islamic finance initiatives in Africa.
In his keynote address, Deputy Commissioner for Insurance who represented the Commissioner for Insurance, National Insurance Commission , Sabiu Abubakar stated that the Commission is trying its best to support operators in promoting the growth of Takaful in Nigeria with market-friendly regulations. Kari stated that leveraging advanced technology such as chat GPT, blockchain has the potential to enhance transparency, reduce fraud and streamline processes in Takaful and Islamic finance operations.
Tukur who gave more insights on the benefits of Takaful explained there is a need for stronger commitment on the part of stakeholders to deepen penetration.