"Abu Dhabi International" Decides to establish an insurance association
ABU DHABI, 12 December / WAM / Abu Dhabi Global ADGM announced its plans to establish an insurance association within its comprehensive system, which constitutes a milestone in the development of the insurance and reinsurance sector in ADGM and the UAE in general, as it aims to build a unified platform to support the advancement of the sector and drive innovation efforts.
According to a statement issued today, the association will play an important role in enhancing cooperation between various stakeholders in the insurance sector, raising professional standards, and promoting best practices. It will also unite the sector’s efforts and express its aspirations and needs through cooperation with regulatory bodies, policy makers, and sector leaders to confront challenges and seize opportunities. The new project, in line with the mission and efforts of Abu Dhabi Global and the economic and financial aspirations and goals of the UAE.
Arvind Ramamurthy, Head of Market Affairs at Abu Dhabi Global ADGM, said that the proposal to establish the Insurance Association in “ADGM” reflects the continuous development of the insurance sector and its position as a leading financial center.
He added that the strong demand for insurance services reflects the potential of this sector, and therefore this association proposed by the participating parties will constitute an important addition for those working in the insurance field within the “Abu Dhabi World” system, in addition to those wishing to join the market.
According to Abu Dhabi Global, more details about the association’s structure, membership opportunities, and anticipated activities will be announced in due course.
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