UAE - DIFC Partners with Insurance Industry Leaders
Wednesday, 01 08 2020, Category: Insurance and Reinsurance, Country: U.A.E
Dubai International Financial Centre (DIFC), a global top 10 International Financial Centre and the leading financial hub in the Middle East, Africa and South Asia (MEASA), has signed individual memorandums of understanding (MoU) with two leading institutions to fuel the region’s insurance sector by upskilling talent as well as promoting efficiency and improvement.
Lloyd’s, the world’s leading insurance and reinsurance marketplace, signed MoU’s. It aims to develop talent within the local insurance and reinsurance landscape in line with global best practice.
The UAE’s insurance market will reach USD 16.3 billion in 2019. This is according to the Higher Technical Committee of the Emirates Insurance Association. It is by an increase in infrastructure spending and investments in the lead up to Expo 2020 Dubai.
As part of the collaboration, DIFC will join forces with Lloyd’s and the CII to develop a number of courses. This will be alongside the roll-out of a series of events and programmes developed in partnership with DIFC Academy. The leading sector entities’ collaboration is aligns with the strategic goals of DIFC. It’ll be a centre of excellence for insurance and reinsurance driven by an exceptional workforce. The first range of certified insurance courses offered by the esteemed DIFC Academy.
Source: Bahrain This Week