Preamble

Insurance and reinsurance economics are critical
fields that examine the financial and economic
aspects of the insurance industry and its
macroeconomic impact. This industry provides
essential risk coverage, supports enterprises,
enhances industrial production, and fosters
investments to strengthen the financial position
and profitability of companies. Insurance is an
efficient tool for risk transfer and mitigation,
while reinsurance significantly minimizes risks
and ensures financial equilibrium at a lower cost.
By promoting sustainability through funding
environmentally and socially responsible projects
such as renewable energy initiatives insurance
contributes to fostering a positive societal and
environmental impact. Furthermore, it acts as a
strategic tool for sustainable development and the
transition toward a sustainable economy.
Given the evolution of the insurance industry and
shifts in economic relations coupled with
increased risks, innovation is critical, such as
through the integration of technology and
digitization. Examples include Lloyd’s market,
leading advancements in InsurTech, which
enhances service delivery, speed, cost-efficiency,
and market adaptability. Additionally, Islamic
Takaful insurance plays a pivotal role by adhering
to Sharia principles while devising strategies to
manage risks effectively.
In light of the above, the Conference seeks to
address the following question:
How can insurance and reinsurance help in
covering and preventing risks?,What innovative solutions can enhance sustainability?