The General Arab Insurance Federation (GAIF), the Arab international body focused on insurance and reinsurance, and Fintech Robos, a Bahrain-based firm specialised in savings and pensions technology and in organising financial conferences, have recently entered into a partnership under which they will collaborate in promoting platforms boosting financial literacy, financial inclusion, pension saving systems, and actuarial business in financial and economic sectors across the Arab countries.
A partnership agreement was signed this week between “GAIF” and “Fintech Robos”, according to which the first became an official active partner in the three major annual events organised by the latter in Arab markets: the Arab Pension & Social Insurance Conference, Arab Savings & Financial Literacy Conference, and Arab Actuarial Conference. The agreement, which became effective 1st January 2023, was signed by Shakib Abou Zaid, Secretary General of GAIF, and Ebrahim K Ebrahim, CEO of Fintech Robos.
According to this partnership, the two parties will work together to enrich and expand these platforms over the coming years to increase institutional awareness within the financial industry on potential business opportunities and partnerships they will bring, as part of the continuous development of the Arab insurance markets.
In a statement on this occasion, Mr. AbuZaid stated that “GAIF” seeks to develop the regional insurance industry and achieve economic integration between the insurance markets in the Arab world. Hence, we are very pleased to work with like-minded institutions that share these visions with us in the Arab countries. Fintech Robos is certainly a key player in this space, and their platforms significantly complement the Arab financial industry and are moving in the right direction”.
On his part, Mr. Ebrahim said “We are so proud to be partnering and working together with this highest regional Arab insurance authority in various fields, to further promote the development of the financial industry, particularly in actuarial business, pension savings systems, financial culture and financial inclusion across Arab societies”.
For more information regarding Fintech please read the articles on: UAB is now an official member of fintech blockchain platform, UTC
