ADGM plans to establish Insurance Association in Abu Dhabi

ADGM has announced plans to establish the Insurance Association within its jurisdiction, marking a key milestone in advancing the insurance and reinsurance sectors both within ADGM and across the United Arab Emirates (UAE).

ADGM is an International Financial Centre in the capital of the UAE, operating across Al Maryah Island and Al Reem Island. It attracts a wide range of businesses, including financial institutions, asset management, fintech, corporations, and professional services firms.

The Insurance Association will play a central role in fostering collaboration among key stakeholders, raising professional standards, and promoting best practices within the insurance industry.

It will serve as a unified voice for the sector, engaging with regulators, policymakers, and industry leaders to address emerging challenges and opportunities, while aligning with ADGM’s mandate and the UAE’s economic and financial development goals.

This initiative underscores ADGM’s commitment to building a robust, sustainable, and globally competitive insurance ecosystem.

Arvind Ramamurthy, Chief Market Development Officer at ADGM, said, “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. 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.”

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