Noor Takaful Insurance Harps on Tech Driven Service

Noor Takaful Insurance Limited, provider of Takaful insurance solutions, has harped on the need to drive Takaful insurance with technology.

Industry leaders, experts and stakeholders across Africa, gathered during the African Takaful and non-interest finance conference, with the theme: ‘Leveraging technology to build on the opportunities of takaful & non-interest finance in Africa’, hosted by the Noor Takaful Insurance Limited in Lagos to discuss and explore the transformative potential of technology and the way it will boost Takaful and non-interest finance in Africa.

In his welcome address, Muhtar Bakare, the Chairman, Noor Takaful Insurance Limited, said, the decision to organise the first conference was borne out of the commitment to deepen understanding and increase awareness about Takaful, as well as resolving the long-standing socio-economic contradictions on the African continent, especially the issue of mass poverty in Africa.

The Special Guest of Honour, His Royal Highness, Khalifa Muhammad Sanusi II, applauded the steady growth of Islamic finance in Nigeria, adding “There is a need for practitioners to see technology as a big enabler in advancing the Takaful model and non-interest finance in Africa.

The monarch also harped on the need for industry players to collaborate on the best way possible to improve regulations.