The 20th Annual Gulf Insurance Forum kicks off in Dubai on October 28
Dubai, October 20 / WAM / On October 28 and 29, the UAE will host the 20th Gulf Insurance Forum, with the participation of more than 250 CEOs, experts and directors of insurance companies and related professions in the Gulf Cooperation Council countries and many Arab and foreign countries, in addition to Arab and Afro-Asian insurance federations and regional and international reinsurance companies.
Khaled Mohammed Al Badi, Chairman of the Board of Directors of the UAE Insurance Federation and Chairman of the Gulf Insurance Federation, said that the forum is expected to be one of the most successful forums in this series, whether in terms of the extremely important topics that will be discussed, especially the rapid developments witnessed by the global insurance industry and their repercussions on the countries of the Gulf Cooperation Council and the strategies required to deal with these developments, or in terms of the volume of this year’s participation and the quality of regional and international speakers and experts. Who will enrich the discussion with their opinions and expectations for the scene during the coming period and their suggestions for the solutions required to confront the future challenges facing the sector in the GCC countries.
In the presence of decision-makers and experts from about 30 countries, the forum sheds light on the issue of natural disasters and evaluates the steps taken by the Gulf Cooperation Council countries, insurance companies and the Gulf Insurance Federation to enhance the ability to confront disasters, including improvements in risk assessment and the development of insurance products specifically designed to confront disasters and partnership between the public and private sectors in this field.
The forum also discusses the dynamics of the changing global reinsurance market, and focuses on the crucial role of underwriting in determining reinsurance capacity, prices, and optimal terms, in addition to strategies for strengthening partnerships and establishing regional risk groups specific to the region to mitigate financial risks. It also discusses the topic of investing in technology, digitization, and adopting artificial intelligence and predictive analytics for better risk assessment.
During the workshops that will be held during the forum, participants will explore reinsurers’ insights into how global trends, such as climate change, inflation and digital transformation, will impact their strategies and perceptions of the GCC market.
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