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This profile was last updated on 1/19/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Tobias Frenz

Wrong Tobias Frenz?

Managing Director Retakaful and G...

Munich Re Underwriting Agents (DIFC), Ltd.
 
Background

Employment History

  • Chief Executive Officer
    Munich Re
  • Deputy General Manager Life Reinsurance
    Munich Re
  • Managing Director
    Munich Reinsurance Retakaful, Malaysia
11 Total References
Web References
IFN ASIA Forum
www.ifnforums.com, 25 Sept 2012 [cached]
Tobias Frenz - Chief Executive Officer, Munich Re Retakaful
It's not the bread and butter ...
www.menainsuranceceoclub.com, 18 May 2012 [cached]
It's not the bread and butter for the takaful sector, and it's perhaps something for the longer-term," says Mr Tobias Frenz, Chief Executive of Kuala Lumpur-based Munich Re Retakaful.
Article
www.menainsuranceceoclub.com [cached]
This requires written endorsement by the Sharia Committee and approval by the Board of Management," explained Mr Tobias Frenz, Head of Munich Re Retakaful based in Kuala Lumpur. He added that the Malaysia Takaful Association (MTA) has also completed a survey of four general takaful companies to understand the cause of leakage in Malaysia.
...
Mr Frenz pointed out that while methods may vary, the important thing is for Shariah compliance to prevail. "We have discussed these issues within the MTA General Retakaful Treaty Wordings Sub-committee. The members concurred that we would not want to mandate what operational model retakaful operators can apply, as long as it is compliant," he said. Hence for instance, there is a broad agreement on the topic of pooling that it would be done across cedants instead of one-company pools. But whether the pool is segregated by line of business, country, region or even globally is left to the individual retakaful operator depending on its risk and capital management considerations, he added. Increasing penetration The main vision for takaful since inception remains to create an inclusive insurance environment taking into account religious sensitivities, which would ultimately lead to increased penetration globally. In that regard, there has been a visible increase in insurance penetration owing to influence to takaful in places like Malaysia and pockets of the GCC. However, pro-active support on the part of regulators and government has proven to go a long way for takaful to make a strong impact, said Mr Frenz.
...
Opportunities lay in niche areas for a start, such as microtakaful, said Mr Frenz.
MEIR Articles
www.menainsuranceceoclub.com [cached]
Mr Tobias Frenz of Munich Re shares some ideas on approaching the dilemma from an actuarial perspective.
Mr Tobias Frenz was taking ...
reinsurancemagazine.com, 20 July 2011 [cached]
Mr Tobias Frenz was taking part in a panel discussion with with Takaful Re Limited's Assistant Director - Family and Medical Retakaful Mr Tamer Saher. The focus of the session was to address three points; what role does the Retakaful industry play in the development of Takaful, what were the key trends and progress in the international Retakaful market, and how has the Retakaful market progressed in Malaysia.
One of the major points, as addressed by Prof Alhabshi in his opening keynote plenary, was brought up by Mr. Frenz.
...
In his remarks, Mr. Frenz highlighted the importance of the ReTakaful industry's development to further the Takaful industry. He cited the Malaysian Economic Transformation Programme (ETP), which clearly states the need for in tandem development of both the Takaful and ReTakaful industries, a point he insists was misquoted in the general press release.
Also mentioned in the ETP, Mr. Frenz states, is the necessity to strengthen general (non-life) ReTakaful capacity since Family ReTakaful has much capacity available, supplied by big giants such as Munich Re, Swiss Re and such.
...
In commenting on the challenges faced by the Takaful and ReTakaful market, Mr Frenz coined the term 'ReTakaful leakage'.
Held at the Istana Hotel on 23 and 24 June 2011, the World Takaful Conference: Family Takaful Summit for 2011 grouped together the major industrial players with the lure that the Islamic financial sector is gaining momentum. In the opening statements by Azleena Idris of the Malaysian central bank, Bank Negara Malaysia, she highlighted the need for cohesive efforts throughout the Islamic finance industry in order to achieve greater potential:
...
Speaking for the session were Munich Re Retakaful Chief Executive Officer, Mr Tobias Frenz and Takaful Re Limited's Assistant Director - Family and Medical Retakaful Mr Tamer Saher. The focus of the session was to address three points; what role does the Retakaful industry play in the development of Takaful, what were the key trends and progress in the international Retakaful market, and how has the Retakaful market progressed in Malaysia.
One of the major points, as addressed by Prof Alhabshi in his opening keynote plenary, was brought up by Mr. Frenz.
...
In his remarks, Mr. Frenz highlighted the importance of the ReTakaful industry's development to further the Takaful industry. He cited the Malaysian Economic Transformation Programme (ETP), which clearly states the need for in tandem development of both the Takaful and ReTakaful industries, a point he insists was misquoted in the general press release.
Also mentioned in the ETP, Mr. Frenz states, is the necessity to strengthen general (non-life) ReTakaful capacity since Family ReTakaful has much capacity available, supplied by big giants such as Munich Re, Swiss Re and such.
...
In commenting on the challenges faced by the Takaful and ReTakaful market, Mr Frenz coined the term 'ReTakaful leakage'.
...
However, with all these issues highlighted, Mr Frenz was still adamant that the outlook for growth in the ReTakaful market was better off in comparison to that of their conventional counterpart.
Other People with the name "Frenz":
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