UAE - ADGM, ADNIC partner on FinTech
Tuesday, 11 28 2017, Category: Insurance and Reinsurance, Country: U.A.E
Abu Dhabi Global Market, ADGM, has marked a new partnership with Abu Dhabi National Insurance Company, ADNIC, to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem in Abu Dhabi and the UAE.
The MoU was signed by Ahmad Idris, Chief Executive Officer at ADNIC, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM.
The agreement enables ADGM and ADNIC to collaborate closely on a cross a range of technology-related initiatives that serve to support entrepreneurs, start-ups and technology firms who are active in the insurance and related industry. The ADNIC and ADGM teams will specifically explore and participate in joint innovation projects on the development and application of technologies related to insurance and insurance management.