May 18, 2020

The UAE’S 2050 clean energy aim

UAE
Dubai
UAE 2050 clean energy plan
2050
Bizclik Editor
2 min
The UAE’S 2050 clean energy aim

A new energy goal has been announced by the UAE to develop the country’s energy market over the next thirty years, with the goal of having clean energy powering 50 percent of the sector by 2050.

By 2050 aim will balance economic needs and environmental goals, as well as boost consumption abilities by 40 percent and increase the contribution of clean energy by 50 percent.

The Dubai Media Office twitter feed also revealed that the new energy plan will combine nuclear and renewables with clean fossil energy, with an investment of AED600 billion by 2050.

The Prime Minister of the UAE commented: “Our new energy plan balance between supply and demand, and takes into consideration our international commitments in term of environment. It also ensures comfortable economic environment for growth across the sectors.

"The plan is a joint effort of all the concerned energy-related authorities and all executive councils in the UAE, and under the supervision of the federal government represented by the Ministry of Energy and the Ministry of Cabinet Affairs and The Future.

Although Dubai has had a 2050 clean energy aim for some time, the new plan is the first UAE-wide strategy. A major part of the plan is the Mohammed bin Rashid Solar Park which was announced in 2012 and is currently under construction. The park aims to make Dubai a global centre of clean energy and green economy.

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

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.

 

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