FWU AG’ celebrates 10 years of tech-support for Pakistan’s Takaful business
Forward You (FWU) AG is a pioneering German enterprise, offering high-quality financial services and Information technology to a wide range of customers, while it promises special enrichments for the Takaful industry. Its offerings range from IT systems, big-data investment solutions and refinancing expertise. It has established operations all across Europe, Dubai (UAE), Saudi Arabia, Malaysia and Pakistan. FWU is now celebrating its 10th anniversary in Pakistan, where it has achieved many milestones of corporate excellence.
On this occasion, a grand ceremony was held at the Mohatta Palace in Karachi. The founder and Chief Executive Officer of FWU AG – Dr. Manfred J. Dirrheimer personally came from Germany to grace this event and address the large number of corporate invitees, including many senior executives of from the banking sector, corporate-chiefs and other distinguished stakeholders of the Takaful and financial industry.
During his speech, Dr. Dirrheimer expressed his gratitude to the participants and said: “It is delightful to see the pace of our success in Pakistan. Our partners in the banking and Takaful sector have extended valuable support to us and our customers’ confidence in our products has generated an overwhelming response for FWU’s products and services in the country. Working together, we have a vision to continue achieving more, to seek prosperity and well-being for everyone in the society.”
Mr. Muhammad Azam Khan, Country Head for FWU Pakistan shared that more than 162 grieved families have been supported via Takaful benefit paid. The claims paid have an average of PKR 1.6 million amounting to a total of more than PKR 260 million. He also emphasized on the need to take the recent stringent measures taken up by both the regulators i.e. SECP and SBP, in a positive manner and we should strive to generate such BancaTakaful business which is truly beneficial for ban’s customers with the true spirit of Takaful.
In Pakistan, FWU AG established its first branch office in October 2008 and signed an agreement with Pak-Qatar Family Takaful Limited, for providing IT support to the distribution network, for BancaTakaful (Islamic insurance) products in Pakistan. Over the years, FWU has been able to spearhead key technological disruptions in the financial sector to enable revolutionary changes.