DIFC hosts second Dubai World Insurance Congress

DUBAI, 27th February, 2018 (WAM) -- Dubai International Financial Centre, DIFC, co-hosted the second edition of the Dubai World Insurance Congress, DWIC, on 27th-28th February, under the theme "Emerging markets, emerging technologies, emerging customers". Held in partnership with Global Reinsurance magazine and DIFC Insurance Association, the two-day conference brought together regional and global industry experts who discussed the risks and opportunities in the evolving insurance sector through topics such as artificial intelligence, the digital world and InsurTech. Speaking on the occasion, Arif Amiri, Chief Executive Officer of DIFC Authority, said, "In the past decade, technological advances from artificial intelligence to blockchain have transformed business models in every sector and insurance is no exception. Dubai World Insurance Congress embraced the future of the industry with insights from the sector’s most established and innovative leaders. DIFC’s insurance community includes start-ups and disruptive entrepreneurs as well as world’s leading firms, and DWIC is just one of the initiatives we already have underway to support the significant growth in this sector." The second edition of DWIC also featured a number of panel discussions and workshops that addressed a number of issues, including artificial intelligence and its implications for the insurance industry, risk management in aerospace, and the impact and opportunity of blockchain technology in the insurance sector. As part of its commitment to supporting FinTech in the region, DIFC is introducing two new programmes this year focused on InsurTech and RegTech, which will support start-ups specialising in finding technological solutions for insurance and regulatory companies.