The United Arab Emirates (UAE) has won the presidency of the Afro-Asian Insurance and Reinsurance Federation
The UAE’s victory came during the union’s annual meeting, which was in the Egyptian capital, Cairo.
With the participation of representatives from 13 member states.
In fact, the UAE is the first Arab country to win the presidency of the union.
Which includes 40 member states from Africa and Asia.
Representing more than 70% of the insurance and reinsurance market in the region.
The Ministry announces that the second and third of next December are an official paid holiday for all workers in the private sector in the UAE on the occasion of the 52nd Union Day. We congratulate the wise leadership, the people of the #UAE pic.twitter.com/8JV5NGy7ai
— UAE Voice (@uae_voiceeng) November 22, 2023
UAE Presidency for the Afro-Asian Insurance and Reinsurance Federation will make new developments.
His Excellency Mohammed Ibrahim Alali is the Chief Executive Officer of the Insurance Authority in the United Arab Emirates.
He expressed his pride in winning the presidency of the union.
Also he stressed that the UAE will make every effort to strengthen cooperation between the countries of the region.
In the field of insurance and reinsurance.
Moreover, the UAE will support the union’s efforts to develop the sector.
And it will also increase its contribution to economic and social development.
The UAE enjoys a leading global position in the field of insurance and reinsurance.
Alali added that the UAE enjoys a leading global position in the field of insurance and reinsurance.
As it has a sophisticated and diversified insurance market.
It also provides a wide range of insurance products and services, and includes a number of leading global insurance companies.
He stressed that the UAE will seek to achieve a number of goals during its presidency of the union, including:
- Strengthening cooperation between the countries of the region in the field of insurance and reinsurance, and exchanging experiences and information.
- Supporting the union’s efforts to develop the sector and increase its contribution to economic and social development.
- Strengthening the role of the union in representing the insurance and reinsurance sector in the region at the international level.
The UAE’s victory in the presidency of the Afro-Asian Insurance and Reinsurance Union is a culmination of the UAE’s efforts.
To support the insurance and reinsurance sector and enhance its position as a global center for insurance and reinsurance.
The certification of electricity produced by solar energy that will be used in Expo City Dubai through the International Renewable Energy Certification (I-REC) program constitutes tangible evidence of UAE leadership in climate action, and a new step in efforts to reduce emissions pic.twitter.com/sEOPdRXpK1
— UAE Voice (@uae_voiceeng) November 22, 2023
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