The Summit will explore untapped potential of as much as 400% within the Middle East insurance market through a full programme of speeches, panel sessions, clinics and workshops that encourage open discussion between delegates and expert panellists and speakers.A recent report has shown that average insurance penetration in the relatively small and undeveloped Middle East market stands at just 1.5%, despite having grown faster during the last decade than any other region in the world. The global average of 7.1% penetration is almost five times as great, suggesting there is room for significant growth in the region. The same report also shows that the total insurance premiums in the Middle East & Central Asia grew by 4.7% in 2008, compared to a global decline of 2.0%, further emphasising the opportunities.Debo Ajayi, Summit Chairman and Managing Director and Consulting Actuary, Milliman Dubai Office, said:
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