Mitigating risk in the energy sector: Abu Dhabi World Energy Congress attendees to hear insights from the Insurance Authority

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Insurance Authority of the United Arab Emirates has signed an agreement with the Organising Committee of the 24th World Energy Congress to sponsor and exhibit at the congress, which will take place during 9-12 September at the Abu Dhabi National Exhibition Centre (ADNEC).

Among the principal responsibilities of the Insurance Authority are protecting the rights of insured entities, enhancing the performance and efficiency of insurance companies and identifying risks that should be compulsorily insured. Through its participation in the exhibition running as part of the congress, the Insurance Authority aims to educate attending energy stakeholders on their responsibilities, as well as their rights, when taking out insurance.

We are proud to participate in the Abu Dhabi World Energy Congress 2019 and to sponsor this global event, which will provide an opportunity to inform the participating delegations and international companies of the comprehensive development of the UAE, the advanced economic growth and the rich investment opportunities that the UAE has in the energy sector and other economic sectors,” said Ebrahim Obaid Al Zaabi, director general of the Insurance Authority.

“By hosting this event in Abu Dhabi, the Insurance Authority will seek to highlight the potential of the UAE’s insurance market and its global leadership position, which has made the state’s markets a regional centre for international insurance companies and for the provision of different insurance services,” Al Zaabi added.

Dr Matar Al Neyadi, undersecretary at the UAE Ministry of Energy and Industry and chairman of the Organising Committee for the 24th World Energy Congress, said: “The energy sector is one where adequate insurance coverage is critical to protect organisations against unforeseen events. The congress aims to bring together the global energy sector and the aligned sectors that make up the energy ecosystem. Insurance is certainly part of that ecosystem, and we welcome the support of the Insurance Authority, which will bring insight into this crucial area.”

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