Sir David Porter speaks with CEO of Arya Insurance Brokerage, Aftab Hassan at InsureTek Dubai

Sir David Porter speaks with CEO of Arya Insurance Brokerage, Aftab Hassan at InsurTek Dubai

@SirDavidPorter speaks with CEO of Arya Insurance Brokerage, Aftab Hassan about many things including how #InsureTek has led the #technology m change in the #insurance industry.
#blockchain #ai #MachineLearning

 

00:00
ready to go live we are live in dubai at
00:03
the insure tech conference i’m david
00:06
porter with the washington elite the
00:08
world’s greatest conference streamers i
00:10
have with me here aftab hassan is a man
00:14
of many companies a quite impressive
00:17
resume thank you so much for coming on
00:20
so aftab could you tell us what brought
00:21
you to the conference and what are you
00:23
looking to get out of it
00:25
right
00:26
we are an insurance
00:28
per se a broken company direct
00:31
and also an insure tech company as well
00:34
uh
00:36
so we are a tech oriented company
00:38
selling insurance and giving advice to
00:40
our client
00:41
based on the worst experience of my team
00:44
which we have
00:45
we are almost
00:46
since 1988 so you count yourself more
00:49
than three decades in this market
00:52
but that’s called aria insurance
00:54
as well the holding company is based out
00:58
that’s on the direct side
01:00
i’m also wearing another hat as a
01:02
chairman of the risk exchange dfc
01:04
company
01:05
which is purely a reinsurance
01:07
intermediary
01:08
and as a reinsurance intermediary we
01:11
help the insurance companies
01:13
worldwide
01:15
internationally
01:16
or we use the word seed and in our
01:19
day-to-day business and insurance world
01:22
so we help them
01:23
for
01:24
the risk assessment and the placing
01:26
their
01:27
risk whether it be treaties whether we
01:30
facultative business
01:31
so that’s what in all gamut of insurance
01:34
in all class of insurance whether we’re
01:36
talking about the general line equation
01:39
marine property casualty liabilities or
01:43
we talk about medical life
01:46
everything we do
01:47
very nice so are you familiar uh with a
01:50
lot of the speakers here who are you
01:52
looking forward to seeing
01:54
of course uh i’m one of their community
01:57
member on this ensure tech 2022 since
01:59
inception
02:01
uh i’m also one of the jury member on
02:03
the board
02:04
for the awards which is happening
02:07
so
02:09
i can watch that i have seen
02:12
this
02:13
ensure tech growing
02:15
when it started the first one and today
02:18
the crowd which i can see that it’s a
02:20
massive crowd and who is who of the
02:22
industries here present and probably you
02:25
will go and see more people on the award
02:28
night because some of the ceos they are
02:30
busy
02:31
they are coming as and when on their
02:34
slot speaking slot either on their panel
02:36
or if it is a direct solo
02:38
you know
02:39
so
02:40
cool we are looking forward to meet all
02:43
the peers sometimes we don’t get time
02:45
uh you know to meet those gentlemen and
02:48
here we interact with each other we know
02:50
like how the market is going how the
02:52
industry is going and especially during
02:55
this unprecedented time you know and
02:57
during the covet there’s a little bit of
02:59
relaxation these days i can see now that
03:03
the organizer got the opportunity and
03:05
leveraged to have a physical event
03:07
section
03:08
it’s great to be here in person meeting
03:11
people face to face uh networking and
03:13
building these partnerships and the
03:14
insurance field so one thing that i’ve
03:17
been kind of questioning people
03:19
on blockchain and the insurance field
03:21
moving forward with medical and law and
03:24
stuff and they said that there hasn’t
03:26
been a lot of change in the last 20
03:29
years do you see blockchain
03:32
maybe bringing some developments or what
03:35
other developments do you see happening
03:36
coming up in the near future
03:38
of course
03:40
like any other industry
03:41
insurance is also been
03:45
disrupted by
03:46
ensure tech and we talk about when we
03:48
talk about insure tech it’s the entire
03:51
gamut of technology
03:54
which includes blockchain
03:56
artificial intelligence we talk about
03:58
machine learning we talk about
04:01
many other areas
04:03
of
04:05
support to the insurance underwriting
04:08
basically so
04:10
blockchain now is getting more familiar
04:13
to our industry
04:14
because of the contract which we have
04:16
and when we start talking about
04:18
blockchain usage so the first thing was
04:22
when i gave the first
04:24
presentation on blockchain sometime back
04:27
which was
04:28
in a banking and insurance forum which
04:31
was organized by central bank of uae
04:34
and
04:35
i had to do a little bit of research
04:37
what’s happening in that domain and i
04:39
saw and it was amazing to see that you
04:41
know the technology has taken a leap
04:43
forward from the blockchain because
04:46
all these
04:47
contract which are the reinsurance
04:49
contract
04:50
which is with the big boys which are
04:52
with the rain showers with the likes of
04:54
sweet stream munich hanovery and you
04:56
know and all those and with the local
04:58
companies the insurance company
05:01
these contracts
05:02
now they are
05:04
scripted so these are on the
05:08
blockchain plus the contract which you
05:10
have with the consumer event with the
05:12
policyholders again so what happens is
05:15
that
05:16
the technology itself
05:18
is driving in a different paradigm shift
05:20
whereas very less chances
05:23
of any fraudulent you know
05:27
document failure or somebody stealing
05:29
your data
05:31
these things are going to be protected
05:34
so
05:35
i’m happy with this all development
05:37
which is happening in our industry and
05:40
hopefully there will be some more coming
05:42
in
05:43
you know some days later because uh
05:47
see now
05:49
earlier it was like you know one
05:51
insurance company coming to your door
05:54
and trying to sell what is available off
05:56
the shelf
05:57
but today
05:58
with the technology
06:00
we came with a process called aggregator
06:03
whereas you give
06:05
options to people to the policyholders
06:08
and to the consumer uh
06:10
in the end that to decide based on their
06:14
need rather than not someone who is
06:17
pushing hard to sell
06:19
based on what is available on their
06:20
shelf so this is all backed by again
06:23
technology which also includes
06:24
blockchain yeah
06:26
very nice
06:27
so are you speaking uh on the stage at
06:30
all sure oh nice what will that be uh
06:33
tomorrow i am also speaking and today
06:35
i’m moderating a panel very high profile
06:38
panel all the ceos
06:40
on the panel and by the way because
06:44
in uae we have insurance business group
06:47
which is a networking
06:49
nonprofit organization under the
06:50
auspicious of
06:52
dubai chamber of commerce industry
06:55
so i’m security general there uh
06:57
you know with that so that’s called ibt
07:00
insurance business group
07:02
so our chairman of insurance business
07:04
group also will be on that panel um you
07:07
know because we have one panel which is
07:10
insurance association panel where the
07:12
dccr where the dubai
07:15
you know the ifc insurance association
07:16
chairman will be there emirates
07:18
insurance association chairman will be
07:20
there on these all panels as well so
07:23
yes uh
07:24
what what time does your panel start are
07:26
you do you know yeah
07:28
today is at 4 40. 4 40. so they are
07:31
streaming live on youtube it’s insure
07:33
tech with the k at the end uh that’s
07:36
probably a great one to tune into like
07:37
you said all the ceos will be there yeah
07:40
and uh look forward to it likewise it’s
07:43
a pleasure talking to you so how do
07:45
people get ahold of you is there a
07:46
website social media yeah definitely we
07:50
have on linkedin we have on facebook
07:52
twitter all whatever you talk about the
07:55
social media and i’ll provide it to you
07:57
so that you can pass it to your
08:00
tag
08:00
tap thank you so much for coming on
08:02
thank you thank you thank you pleasure
08:04
to have you
08:05
we’ll see you soon yeah thank you bye

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