Monday, April 19, 2004

MANAMA: Thirty-three insurance executives are attending Arab Insurance Group's (ARIG) 8th annual Client Company Seminar, which began today at ARIG House.

The annual programme focuses on contemporary insurance trends, as well as the latest issues and developments facing the insurance sector and their impact on regional markets.

"It is also a platform that enables us to meet with our regional business partners," explained ARIG General Manager-Reinsurance Yassir Albaharna.

This year's theme is entitled "Riding the Insurance Cycle," which reflects the dynamic nature of the industry as it enters another phase of price-driven insurance supply and demand.

ARIG managers, as well as other regional insurance executives, will give 10 presentations during the three-day programme. Topics range from pricing and catastrophe modelling to the challenges and opportunities for growth in developing markets. The seminar will also feature a panel discussion that will highlight several perspectives to the insurance cycle, as well as business review meetings with ARIG's underwriting and marketing team.

Mr. Albaharna said the seminar has been geared towards senior technical managers from ARIG's wide client base, and that participants have come from 23 countries across the Middle East, Africa, the Indian Sub-Continent, the Far East and Central Asia.

"The programme has been a successful initiative in strengthening partnership relations with the Group's clients, which has encouraged us to continue organising the event, now in its eighth year, as a key customer relations exercise," he added.

-Ends-

Background Information
ARIG is one of the largest Arab-owned insurance and reinsurance companies in the Arab world. In addition to its reinsurance operations undertaken from its headquarters in Bahrain and overseas office in Tunisia, the Group operates subsidiaries in Morocco (CNIA Assurance), Egypt (Arab Misr Insurance Group), and the UAE (Gulf Warranties Limited in Dubai). The Group also has a strategic presence in the regional market through its associated companies such as Bahrain-based Al Ahlia Insurance, Arab Jordanian Insurance Group (AJIG), Arab Lebanese Insurance Group (ALIG) in Lebanon and Assurances BIAT in Tunisia. The Group's wholly owned Bahrain-based subsidiary, ARIMA Insurance Software, provides IT solutions for the insurance and reinsurance industry in the region.

© Press Release 2005