Middle East Insurance Forum-2017 kicks off
Manama : The 13th annual Middle East Insurance Forum (MEIF-2017), organised in partnership with the Central Bank of Bahrain (CBB), began at Gulf Hotel here yesterday, marking the start of a high-level industry gathering.
More than 400 global and regional insurance leaders and experts are attending the two-day forum, which was opened by Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision at the CBB.
Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB) and Mark Cooper, General Representative of the Middle East and Director of Lloyd’s Limited, spoke on ‘Current Challenges and their Implications on the Regional Insurance Industry - The Road Ahead,’ at the forum yesterday.
The Forum focussed on ‘The Role of Regulation: Current Issues and Challenges’; Mergers & Acquisitions in the Insurance Sector; and ‘Introduction of VAT and its Implication in the Regional Markets’ at yesterday’s meeting.
The “Best Insurance Company in the MENA Region” was also honoured at the forum. RSA Insurance UAE won the award for best insurer, which recognizes extraordinary achievement in the industry among those servicing the GCC, MENA and Levant regions with a minimum banking assets of $15 million.
“We have witnessed the commencement of a successful year being crowned with multiple awards across the GCC and the wider Middle East. This continued success gives us the reassurance that our compass is pointing in the right direction when it comes to making everything better for the customer, together,” said Chris Dooley, CEO RSA UAE and MD RSA Bahrain, receiving the award. This flagship event, spearheaded by the BB, is being held with the support and cooperation of the BIA and sponsored by Braxtone Insurance Management. The forum concludes today.
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