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In Strategic Partnership with BIBF & BIA Bahrain FinTech Bay to host InsurByte - Reimagining Ins

Manama: In strategic partnership with the Bahrain Institute of Banking and Finance (BIBF), and Bahrain Insurance Association (BIA), Bahrain FinTech Bay (BFB) has announced the launch of InsurByte conference 2019, a platform that aims to provide knowledge exchange, foster synergies among market players to find solutions, and foster innovative InsurTech practices in a collaborative, open, and transparent manner. During InsurByte 2019, leading insurance providers in the region will get together to exchange knowledge and discuss innovative solutions that could transform the industry and help it attain new heights. InsurByte 2019 will host keynote speeches, panel discussions, fireside chats, hands-on workshops, networking sessions, and case studies from prominent players in the InsurTech scene and insurance professionals. The conference will also highlight first-hand themes and topics, strategies, and case studies on key opportunities and challenges facing the insurance industry.

Bahrain FinTech Bay CEO, Mr. Khalid Saad, announced, “The insurance industry is ripe for disruption and what is necessary to drive innovation in the sector is a cultural shift coupled with increased and better collaboration between InsurTechs and insurers. InsurByte aims to be the platform where such collaborative models are explored alongside the latest trends that are shifting the global insurance paradigm. We are delighted to partner with the BIBF and BIA on InsurByte and to work together on developing the local and regional InsurTech ecosystems."

The BIBF Director, Dr. Ahmed Abdulhameed Al Shaikh said, “The insurance industry is undergoing a paradigm shift as emerging technologies are redefining how services are delivered. InsurByte will serve as a knowledgesharing platform for community leaders and companies to build awareness of the digital innovation and disruption in the insurance industry. He also added, “We are pleased to partner with Bahrain FinTech Bay and Bahrain Insurance Association to drive innovation across the insurance sector and accelerate the InsurTech ecosystem in the Kingdom of Bahrain.”

BIA General Manager, Mr. Abdulhameed Al Ammadi, said, “The BIA is very proud to have contributed to the InsurByte conference along with the BIBF and Bahrain Fintech Bay. In the Insurance sector, the milestone achieved in technology has certainly played a big role and changed the way the business is conducted. Without a shed of a doubt, the recent Fintech and Blockchain advancement will play an even bigger role in the future of the industry. This conference has set out the grounds on what to expect to help build the awareness in the sector.”

The partnership agreement was signed by Mr. Khalid Saad, Dr. Ahmed Al Shaikh, and Mr. Abdulhameed Al Ammadi.

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