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All Journal Tazkia Islamic Finance and Business Review al-Uqud : Journal of Islamic Economics Ihtifaz: Journal of Islamic Economics, Finance, and Banking
Nurul Aini Muhamed
Universiti Sains Islam Malaysia
Economics, Econometrics & Finance Social Sciences

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Journal : Ihtifaz: Journal of Islamic Economics, Finance, and Banking

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Islamic Insurtech Conceptual Framework: A Proposal Azrul Azlan Iskandar Mirza; Nurul Aini Muhamed; Aimi Fadzirul Kamarubahrin
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/ijiefb.v4i2.2919

Abstract

Introduction: Insurtech refers to the use of technology innovations designed to squeeze cost and maximize efficiency from the current insurance industry model. Insurtech is a combination of the word’s “insurance” and “technology,” inspired by the term fintech i.e. financial technology. Whilst insurance company already move forward, Islamic Insurtech seems not a popular terminology. It may not have unique characteristic from stakeholder’s perspective and therefore it may only be embedded in insurtech definition. Purpose: This paper aims to explore the potential of having Islamic insurtech in the global market and analyze the opportunity to establish a conceptual framework for Islamic Insurtech. Methodology: This study uses qualitative approach based on in-depth analyzing on literature, report and website propose subject of the study. Findings: It is hoped that it will benefit the Islamic insurance or Takaful players to remain relevant in the global market. Paper Type: General Review
Co-Authors Ahmad Fadly Nurullah Rasedee Aimi Fadzirul Kamarubahrin Azrul Azlan Iskandar Mirza Khairil Faizal Khairi Muhammad Suhaimi Nurul Hanis Kamarudin Nuur Halimatus Saadiah Masrukhin Syadiyah Abdul Shukor