Abu Dhabi Maritime Youth Summit empowers Emirati youth leaders
The summit was hosted by Tasneef Academy, the Educational Arm of Emirates Classification Society Tasneef, at the St. Regis Hotel in Saadiyat, Abu Dhabi. The summit brought together a group of prominent international and national leaders in the shipping and maritime sector with UAE national entrepreneurs and college students to review the career opportunities offered by this strategic sector in order to ensure the continuity of the UAE international achievements in the maritime field and the cross-border trade.
The summit, which was held in partnership with the UAE Navy, received a significant support from national institutions and companies. It was also supported by The National Marine Dredging Company as a Diamond Sponsor, ADMA-OPCO & The National Drilling Company as Platinum sponsors, and Dubai Trade as a Knowledge sponsor.
Eng. Rashed Al Hebsi, CEO of Tasneef said: "We launched this summit on the sidelines of The Abu Dhabi Summit of Global Marine and Maritime Leaders to gather leaders along with the young Emirati candidates who are willing to work in the maritime field, as we are confident that they are able to achieve success internationally.
"Companies operating in the UAE spend more than $61 billion a year on maritime services such as ship registration, insurance, financing, P&I club fees, maintenance and other services. The national companies get less than 15% of these revenues, while foreign companies operating from outside the country acquire the rest of the revenues.”
The summit included a number of valuable discussions by leaders from the national companies working in maritime filed. Abdullah Saeed Al Suwaidi, CEO of the National Drilling Company addressed the UAE youth, added: "We promise to offer you the best career opportunities and the professional experiences through our advanced training programs along with our unique rewarding programs. Over the past years, we were able to double the number of UAE citizens in the company due to their exceptional performance and their proficiency in sea drilling platforms. We are now in the process of recording high numbers in the field of oil drilling because of the Emirati innovative cadres in our company."
In the same context, Khaled Al Ameri, Senior Purchasing Director at the National Marine Dredging Company said: "NMDC changes the geography of coasts, opens new maritime routes and builds artificial islands. The company has also succeeded in the biggest world marine dredging project by leading the new Suez Canal project so we need national cadres in order to continue this success and consolidate the UAE position as the leading specialized country in the marine dredging services." Al Ameri also announced the company’s willingness to cover the educational expenses of six UAE citizens annually in addition to granting them job opportunities after their graduation.
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.