World Insurance Forum starts in Dubai

March 18th, 2008 - 5:27 pm ICT by admin  

Dubai, March 18 (IANS) The 2008 World Insurance Forum has started at the International Financial Centre here Monday, WAM news agency reported. Senior executives from leading insurers, re-insurers and brokers are discussing trends in the world insurance industry during the three-day meet.

The United Arab Emirates (UAE) is the largest insurance market in the Middle East, with total premium volumes of $2.7 billion in 2006.

Speaking at the official opening, Omar Bin Sulaiman, governor of the Dubai International Financial Centre, said: “We are determined to promote the development of the insurance industry in the UAE and across the Middle East”.

The region’s market for Islamic insurance takaful has experienced unprecedented growth in recent times. The global Islamic insurance market is expected to grow by 15-20 percent per annum and reach $7.4 billion by 2015.

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