UAE – Consultations to cover aviation sector locally
Monday, 11 21 2016, Category: Insurance and Reinsurance, Country: U.A.E
Saif Al Suwaidi, director general of the General Civil Aviation Authority revealed that the Insurance Authority has a project aiming at encouraging national insurance companies to establish an “alliance” in order to provide insurance and reinsurance services to national aviation companies, indicating that there are consultations between the “Civil Aviation”, the “Insurance” sector and concerned parties in order to achieve this goal.
Mr. Saif Al Suwaidi said in a press release at the margins of the 1st conference on innovation in the aviation sector that “the General Civil Aviation Authority and Insurance Authority are cooperating in order to encourage national insurance companies to establish an alliance capable of providing insurance and reinsurance services to aviation companies in the country”.
Mr. Al Suwaidi said “there are consultations between the Insurance Authority, the main insurance companies and national aviation companies in order to achieve this goal noting that the Authority wants to strengthen the role of the UAE as a global center for the aviation industry and ensure national insurance companies are capable of insuring the aviation sector”.
Source: Economic Khaleej