"Multaqa Qatar 2012" to Open Monday

Doha, March 10 (QNA) - Multaqa Qatar 2012, a conference for the international insurance and re-insurance industry, is to open at Doha Ritz-Carlton Hotel next Monday. The two-day conference is being organized by Qatar Financial Center Authority (QFCA) in association with the Global Reinsurance magazine. Multaqa Qatar 2012 brings together the leading minds in international insurance and reinsurance to examine the challenges and opportunities facing the industry. Speaking to Qatar News Agency (QNA), QFCA Director of Strategic Development Akshay Randeva said the conference will discuss how to maintain the status and growth of the reinsurance industry. He noted that the participants will also discuss the impact of natural disasters in Asia on the growth of the reinsurance industry in the region and its effects on the global market. Multaqa Qatar 2012 will present successful models in the industry of insurance and reinsurance in order to form a magnet for investors in the short and long term, he added. Randeva believed that the conference represents a unique platform that would prompt the establishment of businesses in the insurance and reinsurance sector. The conference aims to set up a working program in the insurance industry in order to promote the establishment of business partnerships in this industry, he said. HE Qatar's Minister of Economy and Finance Yousuf Hussein Kamal in addition to several prominent economic figures interested in the insurance and reinsurance industry will address the conference. Multaqa Qatar 2012 will debate a number of topics including: the Middle East's role in the Lloyd's international expansion strategy in the insurance industry, reinsurance market outlook - the increasing cost of risk, strategic issues affecting the GCC insurance and reinsurance markets, building effective working relationships between local insurers and international operators, competing for growth and lessons from change - how organizations identify and react to tough economic conditions, the role of ratings in emerging markets, an international economic outlook, with a reference to the Middle Eastern region's place in the world economy and others. Multaqa Qatar was launched in 2007 in order to showcase the burgeoning GCC insurance and reinsurance sector and highlight opportunities for international businesses in the region. Combining a world-class business program with unparalleled networking opportunities, the event is designed to provide senior executives with a platform from which they can do business. Over 220 senior executives attended Multaqa Qatar in 2011 from twenty different countries including 81 insurance and reinsurance chief executives. The event explored issues including regional regulation, international and regional insurance opportunities and local infrastructure developments. (QNA)