In an upcoming episode of Teh & Tech, Roslinda Ahmad, Head of Islamic Products and Services at Cofundr, will be featured alongside industry experts to discuss the significance of insurance and takaful for SMEs. The interview will shed light on Cofundr's 'KITACOVER' campaign, which aims to provide appropriate insurance coverage to SMEs while introducing a convenient payment method. This article explores the key insights from Roslinda Ahmad's interview, highlighting the importance of leveraging fintech solutions to assist SMEs in managing risks effectively.

Watch: Kitacover: Leveraging on Fintech to Assist SMEs in Managing Risks with Takaful

1. Understanding the Proverb: Sudah Terhantuk, Baru Tengadah

The interview begins by addressing the old Malay proverb "Sudah terhantuk, baru tengadah," which emphasizes the need for SME owners to recognize potential risks and vulnerabilities in their businesses. The discussion explores common misconceptions surrounding insurance and takaful, where SME owners may underestimate the need for coverage or believe that potential losses can be managed without it.

2. Overcoming Perceived High Costs of Insurance and Takaful

One significant barrier preventing SMEs from investing in insurance or takaful coverage is the perceived high cost associated with it. The interview highlights how this misconception can deter SMEs, particularly when they believe the likelihood of experiencing losses is low. Roslinda Ahmad and the experts discuss strategies and initiatives, such as Cofundr's 'KITACOVER' campaign, to address these concerns and provide SMEs with affordable and tailored coverage plans.

3. Cofundr's 'KITACOVER' Campaign: Innovations in Risk Management

The interview focuses on Cofundr's 'KITACOVER' campaign, which aims to revolutionize risk management for SMEs. The campaign introduces a combination of suitable coverage plans and a user-friendly payment method. The discussion delves into the benefits of leveraging fintech solutions to make insurance and takaful more accessible and affordable for SMEs, ultimately enhancing their risk management capabilities.

4. Expert Perspectives: Collaborative Efforts in Assisting SMEs

Roslinda Ahmad joins forces with Syilda Ismail, Manager of Halal Integrated Platform at HDC, and Sivarao Aparahu, Senior Manager of Islamic Digital Economy and Fintech at MDEC, to provide a comprehensive understanding of how insurance, takaful, and fintech can work together to support SMEs. The experts share their insights on the importance of collaboration among stakeholders, regulatory frameworks, and the integration of technology-driven solutions to empower SMEs in managing risks effectively.

Conclusion:
The upcoming episode of Teh & Tech featuring Roslinda Ahmad offers a valuable opportunity to gain insights into the significance of insurance and takaful for SMEs. By discussing Cofundr's 'KITACOVER' campaign and the role of fintech in risk management, the interview highlights the importance of overcoming misconceptions and making insurance more accessible and affordable for SMEs. By embracing innovative solutions and collaborative efforts, SMEs can better protect their businesses, paving the way for sustainable growth and success in today's dynamic business landscape. Stay tuned for this enlightening podcast episode!