Mohammed Bouazizi and Health Takaful

TIME Magazine’s Person of the Year Highlight of Abu Dhabi Speech on Health Takaful

Orlando, FL, December 15, 2011 --( Time Magazine’s 2011 selection of its Person of the Year, “The Protester” started with Mohammed Bouazizi, a Tunisian street vendor. And it was Mr. Bouazizi that Hank Kearney cited in his influential speech on the future of health takaful (insurance).

Hank Kearney, president of PHM International and publisher of the PHM Emerging Markets Healthcare Monitor, gave the speech in September of this year in Abu Dhabi. In the speech he illustrated the dynamic links of Mr. Bouazizi’s actions, the Arab Spring, and health takaful.

“Already we see governments taking defensive actions, some positive some not. By and large we see the increase healthcare spend by various governments to be a positive for the insurance sector,” stated Kearney in his speech.

“Increased health infrastructure development and increased efforts towards educating and training medical workers are only two examples. But we believe these are two key examples,” Kearney continued.

Kearney opened the Arab Spring segment of his speech with a rare image of Mr. Bouazizi, surprising the audience in the Emirate of Abu Dhabi. Talking to the audience Mr. Kearney noted trust as a key principle of all forms of takaful and that Mr. Bouazizi had lost trust in the Tunisian government.

Mr. Kearney’s speech, titled “Private Health Insurance, Takaful, and the Sector’s Bright Future” was presented at the 5th Annual Middle East Healthcare Insurance Conference, on September 28, 2011 at the Grand Millennium Al Wahda Hotel, Abu Dhabi, UAE.

The Arab Spring segment of his speech is available on YouTube at:

About PHM International
Since 1997 PHM International has developed a core specialization in advisory services in emerging market economies on healthcare topics including financing, product development, research, medical tourism, and business development. PHM International works with clients ranging from healthcare organizations, institutional investors, government agencies, private equity firms, pharmaceutical companies and insurance institutions. PHM International is headquartered in Florida. PHM Macedonia, LLC is located in Skopje, Macedonia.

Contact: Margaret Baarman
PHM International

PHM International, Inc.
Margaret Baarman