ADGM has revealed plans to set up an Insurance Association within its jurisdiction. This move represents a major step forward in developing the insurance and reinsurance sectors within ADGM and the UAE. It aims to establish a unified platform to support industry growth and foster innovation.
The Association will play a key role in encouraging collaboration among vital stakeholders, improving professional standards, and promoting best practices within the insurance industry.
It will serve as a collective voice for the sector, liaising with regulators, policymakers, and industry leaders to address emerging challenges and opportunities, while ensuring alignment with ADGM’s mandate and the UAE’s broader economic and financial goals.
This significant initiative highlights ADGM’s commitment to creating a strong, sustainable, and globally competitive insurance ecosystem, reinforcing its position as a leading financial centre.
Arvind Ramamurthy, Chief Market Development Officer at ADGM, commented, “We welcome the proposal to establish an insurance association within ADGM, which underscores the ongoing development of the insurance sector and strengthens ADGM’s position as a leading financial centre. The growing interest in insurance and reinsurance reflects the sector’s potential, and this association, initiated by market participants, will bring considerable benefits to those operating within ADGM’s insurance ecosystem and those looking to enter the market.”
