الرئيس التنفيذي لمجموعة قطر للتأمين لـ CNBC عربية: توقعات نتائج مالية إيجابية لقطاع التأمين في عام 2024

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Watch الرئيس التنفيذي لمجموعة قطر للتأمين لـ CNBC عربية: توقعات نتائج مالية إيجابية لقطاع التأمين في عام 2024 - CNBCArabia on Dailymotion

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00:00Artificial intelligence has now become one of the main tools in the implementation of business in all sectors, not just the insurance sector.

00:09What we aim to do through this forum this year, in the third edition of the Middle East Insurance Technology Forum,

00:16is to enhance investment in these companies, as well as on the other hand,

00:20to introduce the insurance sector to the new tools in the insurance industry through artificial intelligence

00:28and how it makes it easier to provide better insurance services to customers,

00:34as well as administratively to the internal management of these companies.

00:39There is no doubt that this transformation is not a momentary one.

00:43It needs a journey to prepare the staff, the strategies of these companies,

00:51and the thinking and awareness through the application of artificial intelligence in the insurance sector.

00:58The forum in its third edition, brother Salim, what has changed in the level of attendance,

01:03in the level of topics of discussion, in the scope of expansion, and what is expected in the coming rounds?

01:09During this year, we witnessed in the third edition of the Middle East Insurance Technology Forum,

01:16participants from all countries, from 36 countries participated in the forum,

01:231,500 participants.

01:25In comparison with the first edition, there were only 100 participants,

01:30and today we are talking about 1,500 participants in the forum of the Middle East Insurance Technology Forum,

01:35which reflects the extent of the impact of the insurance industry,

01:40and the impact of this forum in attracting talent and companies,

01:45as well as attracting investment governors to invest in these companies.

01:50We have seen that the Central Bank of Qatar has taken a step in the financial technology related to the insurance sector,

01:56and now there is an initiative, a real initiative, even if it is an experimental one.

02:00To what extent do you think the financial technology related to the insurance sector in Qatar will go?

02:06I think that the financial sector in banks and insurance companies are facing one currency,

02:11and that the application and initiatives that the Central Bank is carrying out now in the State of Qatar

02:17is a very good and excellent initiative that facilitates and, let's say,

02:24levels the ground for these companies in applying the new standards,

02:29in applying the technology, and integrating it into the business of the companies.

02:34I can't meet you unless you tell me about the results.

02:36The first year was good, better than expected.

02:39The willingness was active, first of all, in the process and also the investment.

02:45Is the next quarter this year?

02:47I think that the reading of the market during the next period,

02:55and what was announced in the first quarter,

02:58indicates that the insurance sector is facing, let's say, positive results,

03:06and I think that 2024 will bear positive results for insurance companies, God willing.

03:14Your interviews in the foreign markets increased the volume of willingness and, therefore, the support for profitability.

03:19I think that we have focused on the direct insurance sector during the company's strategy in the last three years,

03:27and we have now started to reap the fruits of this strategy.

03:32Businesses have expanded in the Middle East,

03:35especially in the region where Qatar Insurance Group operates,

03:41through its own companies in Oman, UAE, Kuwait, and Qatar.

03:46The oil and gas sector in Qatar was one of the sectors,

03:51and it is still the first initiative to run the insurance sector in the region.

03:58I think that Qatar Insurance Group's investments during 2023 have reflected in the results of 2024.

04:07In the first quarter, Qatar Insurance Group announced the growth of business compared to previous years.

04:19Qatar Insurance Group was working to reduce exposure in the international market

04:24and increase business in the Middle East.

04:28I think that it was very clear in the results of the first quarter

04:33that Qatar Insurance Group was able to advance in the size of business in the region

04:38and write direct business through the companies of Qatar Insurance Group.

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