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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.

Employment History

  • Chief Executive Officer
    Munich Re
  • Deputy General Manager Life Reinsurance
    Munich Re
  • Managing Director
    Munich Reinsurance Retakaful, Malaysia
12 Total References
Web References
Article, 23 Jan 2014 [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.
Presentation: Retakaful - Asian Practices ..., 12 Nov 2012 [cached]
Presentation: Retakaful - Asian Practices Compared to the Gulf by Tobias Frenz, Chief Executive Officer, Munich Re Retakaful
IFN ASIA Forum, 25 Sept 2012 [cached]
Tobias Frenz - Chief Executive Officer, Munich Re Retakaful
It's not the bread and butter ..., 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.
MEIR Articles [cached]
Mr Tobias Frenz of Munich Re shares some ideas on approaching the dilemma from an actuarial perspective.
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