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

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