World Takaful Conference forges vision for Takaful market in 2020

Dubai –  The second and final day of the 11th annual World Takaful Conference (WTC) built on yesterday’s highly impactful critical discussions on the state and future of the global Takaful industry. Convened by Middle East Global Advisors and in strategic partnership with the Dubai International Financial Centre (DIFC) Authority, WTC is held under the theme “Prudent Practices for Global Growth” and considered to be the world’s most powerful Takaful gathering.This morning, WTC played host to a ratings roundtable that assessed the necessary steps required for Takaful players to build the industry’s financial strength. The session also specifically addressed the ratings perspective of the risk-shifting effect of the use of Qard loans from shareholders to the policyholders’ fund. Following suit was a look at what the Takaful industry would look like in 2020, with a particular look at the whether family Takaful can grow large enough to support the increasing supply of longer-dated sukuk expected in the market. Mahesh Mistry, Director, Analytics of A.M Best mentions, “The lack of differentiation and the associated pricing pressure along with poor distribution networks will be the key challenges for Middle East takaful companies going forward. For the industry to tackle these challenges, the operators will need to adopt suitable strategies and appropriate structures to ensure that the Takaful model employed is balanced, and that it serves the needs of the enormous potential for Shariah compliant insurance, to the benefit of all stakeholders.”The sessions for the afternoon include topics such as innovation and Takaful, the key imperative of risk-based capital and emerging Takaful markets.The WTC audience comprised of high profile guests and dignitaries from Dubai Islamic Economy Development Centre, Dubai International Financial Centre, Islamic Insurance Association of London, Insurance Authority UAE, PwC, Moody’s, EY, Swiss Re, Munich Re, Noor Takaful, Watania, Emirates RE and many more organisations.WTC is taking place on the 11th and 12th of April in the Dusit Thani Hotel, Dubai. To find out more about WTC, visit www.wtc16.com. read more


Putzmeister announces lineup at EXTEMIN

first_imgThe PERUMIN mining convention is one of the key mining events in Latin America, organised by the Institute of Mining Engineers of Peru (IIMP) since 1954 and this year will run from September 16-20 in Arequipa. PERUMIN also hosts the Mining Technology Exhibition EXTEMIN, presenting a range of national and international suppliers of mining goods and services. The Putzmeister Underground Division will showcase its concrete spraying system 4210 SPM WETKRET DUAL DRIVE, as well as the low-profile concrete mixer MIXKRET 4. The Putzmeister Solid Pumps division will be present, which supplies high density piston pumps for transporting tailings and backfilling paste in mining. Furthermore, the Putzmeister Powercreter Magnum will be exhibited, a wet shotcrete pump for concrete repair works.The SPM 4210 WETKRET DUAL DRIVE version has a dual drive system so that all the components can be operated both by diesel engine and electrically. The machine is optionally available with an on-board electric or diesel air compressor. Its reinforced spraying arm provides a vertical spraying reach of 10 m, and the maximum concrete output of the Putzmeister double-piston pump mounted on the equipment is 20 m3/h. The proportional remote control, which can be operated both by cable and wireless, allows the easy operation of the spraying arm as well as the regulation of the concrete output and the adjustment of the pre-defined additive dosage. The peristaltic additive pump is equipped with an automatic dosing device to synchronize the additive dosage with the concrete flow, assuring spraying accuracy and quality. With heavy-duty axles and a reinforced articulated turning system, the SPM 4210 WEKTRET series is also designed for the heavy duty working conditions in mining. MIXKRET 4 is equipped with a 6-cylinder, 130 kW turbo engine, providing high climbing and moving power as well as the possibility to work at high altitudes. With the ICVD drive system (Integrated Continuously Variable Drive) it is possible to drive through the entire speed range without interrupting the traction force, increasing comfort for the driver and reducing fuel consumption. Putzmeister states: “The compact design and heavy-duty axles, both used for steering and driving (4WD and 4WS), provide mobility and manoeuverability in narrow galleries and tunnels. Furthermore, the machine features an automatic speed control system for moving down slopes fully loaded at the maximum secure speed. The cabin, mounted in machine direction, and the night-vision camera at the rear, facilitate manoeuvering and ensure visibility conditions at all times, increasing safety. The concrete transporting and mixing drum of Putzmeister Mixkret 4 provides a concrete capacity of 4 m3 and optionally includes an additive discharging system for transporting and transferring additives to the shotcrete equipment.” The solids pumps company of the Putzmeister Group manufactures high density piston pumps for pumping slurries, sludges and pastes that will be on show at EXTEMIN. In mining, the pumps transport tailings to the dam/filter or transport backfill paste into the underground mines. The pump system features a piston pump, a hydraulic power pack to drive the pump and an electric cabinet with a PLC, control and operation panel. Putzmeister piston pumps can operate with a solid content of up to 85 %, depending on material composition. Finally, with an output of up to 150 bar they can pump over distances of up to 11 km and achieve effective pumping throughputs of approximately 500 m³/h. With a capacity of 3.8 m3/h and a concrete pressure of 122 bar, Putzmeister Magnum Powercreter is described as the most versatile concrete repair pump by Putzmeister. It is ideal for wet-process shotcrete applications. The Powercreter magnum has a 34 kW Deutz diesel engine and conveys low slump concrete and packaged high-performance materials over long distances.last_img read more