UAE Insurance Association to join IUMI

By Lars Lange, IUMI Secretary General

It is with great pleasure to announce that the UAE insurance body – Emirates Insurance Association (EIA) – has applied to be an IUMI member association. The application shall be approved at the next IUMI council meeting in September, during the annual conference in Cape Town.

Marine insurance in the UAE has been growing steadily. The marine insurance premiums for 2017 grew by 10% to AED 1.1 billion – the equivalent to USD $300 million. This accounts for 3.5% of the gross premiums of property and liability insurance (Source: Asia Insurance Review).

Becoming a member of IUMI has significant benefits. IUMI has over 100 acting technical committee members, 21 IUMI Professional Partners (IPP) and 19 affiliates, providing a unique platform for the exchange of ideas, market information and best practice, enhancing the industry’s professionalism and standards across the globe.

Once a member, the EIA will be eligible to join IUMI’s Technical Committees and Executive Committee, becoming a part of the trusted voice of marine insurance. Please join me in welcoming EIA.