Legends in Insurance: Mr. Fareed Lutfi on Tech, Talent, and Transformation
Welcome to FS Brew, the UAE and Middle East’s first podcast dedicated to insurance and InsureTech. In this episode, hosts Renjit Philip, a boutique consulting firm partner, and Vidya Veerapandian, founder of Forward, engage in a riveting conversation with Mr. Fareed Lutfi, the legendary Secretary General of the Emirates Insurance Association and Gulf Insurance Federation.With over 40 years of industry experience, Mr. Fareed Lutfi shares his journey into insurance, the pivotal roles of industry federations, and the future of insurance amidst digital transformation and AI integration. Gain insights on the critical challenges and potential growth areas in the GCC insurance market, and explore Mr. Fareed Lutfi’s vision for youth engagement and technological advancements in the insurance landscape. Don’t miss this comprehensive discussion packed with valuable lessons, industry trends, and inspiring stories from a true insurance veteran. Tune in now!Timestamps:00:00 Welcome to FS Brew: Introduction and Hosts00:32 Meet the Insurance Legend: Mr. Fareed Lutfi01:21 Mr. Fareed Lutfi’s Journey into Insurance03:29 Role and Responsibilities of Insurance Federations07:07 Current Challenges in the Insurance Sector08:35 Opportunities and Growth Areas in Insurance12:24 The Impact of Technology on Insurance15:04 The Human Element in Insurance16:08 The Need for Regulatory Changes and Training18:09 Future of InsureTech and Industry Insights18:40 The Cost of Life Insurance Policies19:05 Regulatory Changes in the Insurance Industry20:13 Transparency and Open Finance21:55 Broker Regulations and Industry Adaptation22:18 Attracting Young Talent to Insurance25:33 The Historical Roots of Life Insurance28:01 Rapid Fire Questions with Mr. Fareed Lutfi33:17 Concluding Thoughts and ReflectionsRenjit Philip:Newsletter: https://www.onemorethinginai.comSocials:Twitter / X: @renjitphilipLinkedIn: https://www.linkedin.com/in/renjit-philipVidya Veerapandian:https://www.linkedin.com/in/vidya-veerapandian/I’ve got a favour to ask! If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you!