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in-depth
Minding the important things The ability to make customers’ life easier is an important factor in attracting and retaining customers.
W
hat are your views on the development of the insurance industry?
The insurance sector is one of the most attractive industries in the UAE. The UAE Insurance Authority issues reports about the performance of the sector on an annual basis, and these reports have shown constant growth over the last five years. Enhanced legislations were also introduced in the country with an aim to ensure stability and sustainability of the insurance industry. Early 2015, the UAE Insurance Authority introduced numerous measures and controls, including enhanced financial reporting standards for better governance. As the country focuses its efforts on diversifying its economy away from oil; and with the great progress seen in this area, we believe the insurance sector will continue to see growth.
Can you enlighten us on the latest technological advancements and innovation in this space? Adoption of new technology and product innovation has become
Abdulla Al Nuaimi, EVP, Shared Services, ADNIC
www.bankerme.com
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