Exhibition space announced for direct marketing and engagement opportunities between insurers and corporates

Manama, Kingdom of Bahrain - 06 October, 2013 - The General Arab Insurance Federation (GAIF), in association with the Bahrain Insurance Association (BIA), today announced that the upcoming Professional Liability Insurance Forum has received approval by Tamkeen to participate in its "Conference Attendance Scheme," whereby interested and qualifying Bahraini participants can now effectively have 80% of their registration and attendance fees covered by Tamkeen. It was also announced that an exhibition area has been created, which will provide an ideal opportunity to engage in direct marketing and engagement with participants. These announcements were made at a press conference which the Bahrain Economic Development Board (EDB) also took part in.

The press conference was presided over by BIA Chairman, Mr. Younis Jamal, and Dr. Jarmo Kotilaine, Chief Economist at the EDB, the Forum's Strategic Partner. The event, which is set to take place in the Kingdom between 21 and 22 October 2013, is being held under the patronage of the Central Bank of Bahrain (CBB) and with the support of Al Baraka Banking Group as banking sponsor. It will be the first event of its kind to be held in the Gulf region.

Speaking at the conference, Mr. Jamal said: "We're extremely pleased to announce Tamkeen's support for the Forum through this innovative scheme, which aims to promote knowledge transfer, best-practices and networking. With the high level discussion and participants expected at the forum including leading international and regional insurers and corporates, we are certain that there is much knowledge and benefit to be gained for all those taking part.  We encourage organisations to take advantage of Tamkeen's scheme and the opportunity to exhibit, and directly engage with audiences that require insurance and other professional services."

Dr. Kotilaine said: "This event is an excellent opportunity for insurance companies operating in Bahrain and the region to discuss common challenges and share ideas on how to benefit from the fast growing $1.5 trillion GCC market. Bahrain is an insurance hub for the region from which insurers are able to access increasing demand for sophisticated financial services in the Gulf. We are proud to be hosting the Professional Liability Insurance Forum; we are always on the lookout for ways to help the industry to expand and share best practice."

The Forum will address a wide range of issues across multiple professional liability lines including developing the marketplace for liability insurance, managing needs of liability insurance, and liability policies in constitution defect litigation. It is expected to attract more than 300 participants from insurance and reinsurance companies, regulatory agencies, brokers and financial institutions as well as corporates across all industry sectors.

Further information on how to take part as a sponsor, exhibitor, speaker or participant please visit www.bia-bh.com or contact the BIA on: +973 17532555 or +973 38831386.

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About GAIF
The General Arab Insurance Federation (GAIF) was founded in 1964 and has its own entity, financial and managerial independence to practice lawfully in achieving its objectives. GAIF is based in Cairo City / A.R.E. according to an agreement signed with the Egyptian President in 1996. GAIF's main aims are to strengthenties between Arab insurance markets and their relative organizations, to subsidize co-operation and co-ordination between its members and with other International Federations and Organizations.

Membership is available to Arab insurance & Reinsurance companies, Arab Joint Venture Insurance & Reinsurance companies, National Federations/Associations, Arab insurance controllers, Arab Insurance & Reinsurance Brokers, Legal Arab - insurance and any Arab Associations connected with insurance sector.  As at March 2013, GAIF had 350 members from across the Arab countries.

About The BIA
The Bahrain Insurance Association received its charter in 1993 and became operational as a Society in 1994, under the umbrella of the Ministry of Social Affairs. Currently the BIA reincorporated officially under the Central Bank of Bahrain and are the first financial services industry association to be reincorporated under the CBB, with registration number (1). At present, there are 48 members comprising local insurance companies, foreign insurance companies, reinsurance, brokers and service providers.

About FinMark Communications
With offices in Bahrain and London, FinMark Communications is a financial and corporate communications consultancy focused on providing clients with the highest quality strategic advice and execution across international markets. The firm offers clients a comprehensive service offering including financial PR, corporate communications, media relations, financial and corporate copywriting, issues management and government relations. These services are delivered by a team of senior level regional and international specialists that are dedicated to supporting clients'‎ marketing and communications efforts with target financial and corporate audiences in the GCC and on a global basis.

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© Press Release 2013