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Insurance and Regulatory Policies Exhibition - Dubai

Insurex 2007, to be held in Dubai on April 2 and 3, will highlight the need for Middle East businesses to adopt sound and stable insurance and regulatory policies. Held under the patronage of Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, and in association with Scottish Re, Insurex 2007 will enable delegates to gain strategic insights on the region's evolving insurance sector and interact with key figures from the insurance industry.

'Through this conference we aim to bring together industry leaders, brokers and regulators, finance and risk mangers under a common platform to discuss best practices and emerging trends in the insurance industry. 2007 is set to be our largest-ever Insurex event, with a comprehensive two-day programme taking an unflinching look at the region's current and projected insurance landscape,' said Paul Blebta, managing editor, Policy magazine.

Now in its fourth year, the two-day event will cover topics on corporate governance, medical and life insurance, the growth of takaful or Islamic insurance, bancassurance, training, management and industry specific issues. Industry figures estimate that the UAE insurance segment alone has grown by more than 50 per cent in the last two years, with an increase in Islamic banking having a knock-on effect on takaful offerings.

'Economic development in the Gulf and Levant regions has had a positive bearing on the region's insurance sector. There has been a steady increase in the number of local companies who now follow globally accepted procedures in corporate governance and regulations. The region's decision-makers are now viewing insurance as a vital part of their companies' policies rather than a simple business obligation,' Blebta added.

Recently, the Abu Dhabi government passed a law requiring all employers in the emirate to provide minimum cover for their employees. Regulators in Dubai also made an announcement which will soon allow employees and residents of Dubai to have access to health insurance coverage. Similar requirements are expected in other Gulf states as well.-(TradeArabia News Service)

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