ADGM announced plans to establish an Insurance Association within its jurisdiction. The Association will support growth and innovation in the insurance and reinsurance sectors. It aims to foster collaboration, advance professional standards and promote best practices. The Association will represent the sector, engage with regulators and policymakers and align with ADGM’s mandate and the UAE’s economic and financial development goals.
“We welcome the proposal to set up an insurance association within ADGM, which underlines the continued development of the insurance sector and ADGM’s position as a leading financial centre,” said Arvind Ramamurthy, Chief Market Development Officer, ADGM. “The strong interest in insurance and reinsurance reflects the sector’s potential and this association, initiated by market participants, will bring significant benefit to those operating within ADGM’s insurance ecosystem and those looking to enter the market.”
ADGM stated that details on the Association’s structure, membership, and activities will be announced later.
