DIFC co-hosts 5th Dubai World Insurance Congress to shape sector’s future

By Amirtha P S, Desk Reporter
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DIFC, Global Reinsurance hosted 5th DWIC.

The leading global financial center in the Middle East, Africa and South Asia (MEASA) region, Dubai International Financial Centre (DIFC), along with the financial magazine for insurance and reinsurance professionals, Global Reinsurance have hosted the 5th edition of Dubai World Insurance Congress (DWIC).

The event, which took place on 9th-10th March, was attended by insurance leaders, reinsurance professionals, fintech startups and insurtech pioneers, who discussed the opportunities that will shape the future of the industry. The themes included areas for industry growth, innovation, digitization and talent.

The turnout of industry professionals at DWIC is a testament to the resilience shown in the past two years during the pandemic and the need to discuss common areas for driving the sector forward. Environmental, Social and Governance (ESG), artificial intelligence (AI) and the use of data are all areas that will create growth and development within the sector.

DWIC attracted 800 delegates from 51 countries, making it the largest in-person event DIFC has hosted since the outbreak of the pandemic and indicating that the world is back to business.

Arif Amiri
Arif Amiri
CEO – DIFC Authority

“DIFC is pleased to co-host DWIC with Global Reinsurance and would like to thank them for organizing such a meaningful agenda. DWIC has now become a leading global event for insurance and forms part of DIFC’s commitment to further build our position as the region’s insurance and reinsurance hub, and more broadly, our reputation as the leading global financial center in the MEASA region. DIFC will continue to work with clients from the industry to shape the future of insurance. With the support of our clients, the insurance industry continues to grow here and during 2021, Gross Written Premiums (GWP) in DIFC was valued at $1.8 billion.”

Since its launch in 2017, DWIC has focused on providing senior insurance executives a platform to meet and do business, while working with brokers, insurers, and reinsurers. The event is also a great place for cedants, brokers and reinsurers to meet up, face to face, post-renewals to develop new business and build partnerships.

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