UAE: DIFC Insurance Association attracts 31 members
Source: Middle East Insurance Review | Oct 2015
Within just a few months of its launch, the DIFC Insurance Association has attracted 31 Full Members from the insurance community at the DIFC, and three Associate Members.
The Association was established to represent the collective interests of members while acting as a forum for the exchange of views on market issues, and contribute to the development of the insurance market at the DIFC as a specialised centre of excellence, including conducting research work, producing industry reports, and developing market data and statistics.
Membership in the Association as Full Members is for insurance firms established in the DIFC, including reinsurers, regional offices, underwriting agencies, coverholders, MGAs, insurance management, representative offices of (re)insurers, captives and brokers. There is a separate category of membership as associate members for service providers, including law firms, actuarial firms, advisory and consulting firms, and risk management firms.
“With the continued growth of the (re)insurance market at the DIFC in terms of size and number of firms, the DIFC IA is well positioned to shape the market for future growth and development,” said Dr Bassel Hindawi, Chairman and CEO of the Association.