UAE Maritime Week 2019 paved a way for 2ndDubai Marine Insurance Conference
Maritime industry pioneers on Tuesday, 24 September 2019 talked about the key trends in the local and worldwide trade and shipping insurance enterprises at Dubai Marine Insurance Conference 2019. Under the theme Risk Management, the conference served as a venue for the attendees to identify the best practices in risk management amid the rapidly changing global maritime landscape. The occasion was one the major highlighted conferences during the ongoing UAE Maritime Week 2019 composed by the Dubai Maritime City Authority (DMCA)under the support of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. The UMW intends to build up the UAEs status as a pioneering maritime destination in the world.
The second release of Dubai Marine Insurance Conference occurred aboard the Queen Elizabeth II in Port Rashid, Dubai. During the occasion, the attendees handled the future of maritime insurance from the viewpoint of development, innovation and technology; evaluated trends influencing the oil and gas area in the Middle East; and investigated the best effective solutions for difficulties achieved by environmental change, oil price variances, insurance regulations, changing government policies, and troublesome advancements.
Khalid Meftah, Director - Maritime Development, DMCA focused on the significance of strong direct interconnections and communication between pioneers of the maritime businesses and other related sectors, including oil and gas, vitality, innovation, and insurance protection. These discoursed, he stated, will empower partners to envision difficulties and make inventive solutions to future hazards amid economic, environmental, and regulatory changes. He included that an unmistakable guide for a refreshed marine insurance mechanism is expected to further improve the local industrys intensity, proficiency, and allure -- components that have catapulted Dubai, one of the top five global cities in the International Shipping Centre Development Index, into the positions of the world's best maritime capitals.
Meftah included: For the second year, Dubai Marine Insurance Conference has demonstrated to be a strategic stage to improve the maritime insurance industry as we keep on structure a part that serves our basic aspirations. During the occasion, the participants examined the worldwide exchange business, the role of emerging technologies in simplifying insurance services, and approached to upgrade risk management ability by using information analytics to improve operational efficiency at decreased expense.
The participants additionally reviewed the advancement of Dubai and the UAE in the area of marine insurance in the midst of modernization endeavors in the industry, with accentuation on development, innovation, straightforwardness, and unwavering quality. By investigating the most recent improvements, we want to continue maritime wellbeing, safe navigation, and operational effectiveness to pull in worldwide financial specialists. We mean to keep up the worldwide communitys trust in the local maritime industrys aggressive edge as an imperative economic pillar and a significant part in the financial broadening endeavors of Dubai, which offers to turn into a noteworthy global economic hub.
Dubai Marine Insurance Conference was initiated in 2018, with the help of DMCA and the Emirates Maritime Arbitration Center. The first version, which features 52 guest speakers, invited 440 industry specialists and pioneers who participated in the discourses about key issues influencing the worldwide marine insurance market. The current year's edition was part of the UAE Maritime Week, which also features Dubai Maritime Agenda, Sea trade Offshore Marine and Workboats Middle East, Marine Insurance Conference, Sea trade Ship Tech Middle East, and Sea trade Maritime Awards Middle East, Indian Subcontinent and Africa.
