DIFC co-hosts the largest Dubai World Insurance Congress

DIFC co-hosts the largest Dubai World Insurance Congress

  • Largest in-person event in DIFC since the pandemic – welcomed 800 delegates from 51 countries – demonstrating optimistic sentiment in the market.
  • Attended by insurance leaders, reinsurance professionals, FinTech start-ups and InsurTech pioneers.
  • Key sessions focused on where the growth will come from in the industry and include topics, such as artificial intelligence, cybercrime and risk management.

Dubai, UAE; 10 March 2022: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, along with Global Reinsurance hosted the Dubai World Insurance Congress (DWIC). The event attracted 800 delegates from 51 countries, making it the largest in-person event DIFC has hosted since the pandemic started and signifying optimism that the world is back to business.

DWIC took place on 9-10 March at Ritz Carlton – DIFC, and was attended by insurance leaders, reinsurance professionals, FinTech start-ups and InsurTech pioneers, who discussed opportunities that will shape the future of the industry. The themes included areas for industry growth, innovation, digitisation and talent.

The turnout of industry professionals at DWIC is a testament to the resilience shown in the past two years during the pandemic and the need to discuss common areas for driving the sector forward. Environmental, Social and Governance (ESG), artificial intelligence (AI) and the use of data are all areas that will create growth and development within the sector.

Arif Amiri, CEO of DIFC Authority, said: “DIFC is pleased to co-host DWIC with Global Reinsurance and would like to thank them for organising such a meaningful agenda. DWIC has now become a leading global event for insurance and forms part of DIFC’s commitment to further build our position as the region’s insurance and reinsurance hub, and more broadly, our reputation as the leading global financial centre in the MEASA region.

“DIFC will continue to work with clients from the industry to shape the future of insurance. With the support of our clients, the insurance industry continues to grow here and during 2021, Gross Written Premiums (GWP) in DIFC were valued at $1.8bn.”

Since its launch in 2017, DWIC has focused on providing senior insurance executives a platform to meet and do business, while working with brokers, insurers, and reinsurers. The event is also a great place for cedants, brokers and reinsurers to meet up, face to face, post-renewals to develop new business and build partnerships.

-Ends-

About Dubai International Financial Centre  

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 7.7 trillion.  

With a 18-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai. 

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of almost 30,000 professionals working across over 3,600 active registered companies – making up the largest and most diverse pool of industry talent in the region.  

The Centre’s vision is to drive the future of finance through cutting edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.  

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations. 

For further information, please visit our website: difc.ae, or follow us on Twitter @DIFC. 

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