Abu Dhabi - Daman signs a fintech deal
Tuesday, 12 05 2017, Category: Technology, Country: U.A.E
Abu Dhabi Global Market, ADGM, today signed a Memorandum of Understanding with the National Health Insurance Company, Daman, to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem, InsurTech, in Abu Dhabi and the UAE.
The MoU was signed by Dr. Michael Bitzer, CEO of Daman, and Richard Teng, CEO of the Financial Services Regulatory Authority, FSRA, of ADGM.
The MoU enables ADGM and Daman to collaborate closely on a range of technology-related initiatives that serve to support entrepreneurs, start-ups and technology firms, who are active in the InsurTech environment. Daman and ADGM teams will specifically explore and participate in joint innovation projects on the development and application of technologies related to insurance management.
Source: Emirates News Agency