• Sharjah Chamber Signs Protection Agreement with Etisalat
  • Sharjah Chamber concludes its participation in the World Chambers Congress in Sydney
  • Sharjah Chamber to Host “Human Resources and the Labour Market”
  • Sharjah Chamber Inaugurates Temporary Expansion for Expo Centre with Cutting-Edge Technology
  • Sharjah Chamber of Commerce and Industry seeks to enhance investment and commercial relations with Armenia
  • Sharjah Chamber Organizes Awareness Workshop on ‘Added Value”
  • Khaled bin Butti: The Hands of “Zayed of Goodness” Have Reached All Corners of the Globe, For Humankind’s Happiness and Dignity
  • Al Oweis: “The Year of Zayed” Is An Historic Year that Recreates the Everlasting Heritage and High Values He Instilled
  • Sharjah Chamber Conducts a Workshop in Collaboration with Islamic Chamber
  • Sharjah Chamber Launches “Summer Offers” Today
  • Sharjah Chamber Welcomes Over 3,000 New Companies in H1 2017
  • Sharjah Chamber Participates in Training Course for Arab Chambers’ Leaderships in Vienna
  • Sharjah Chamber Releases 2017 Business Directory
  • Sharjah Chamber Invites Major Local Companies in Bahrain to Participate in Economic Excellence Award
  • Mohammad bin Zayed Presents Generous Gift to Al Dhaid Date Festival
  • Sharjah Chamber Invites Major Local Companies to Participate in Economic Excellence Award
  • Sharjah Chamber of Commerce and Industry Organizes Official Visit to Costa Rica to Enhance Mutual Investments
  • Sharjah Chamber of Commerce & Industry Promotes Top 10 GCC Business Award
  • Sharjah Chamber of Commerce and Industry Encourages Private Sector to Utilize Al Dhaid Dates Festival
  • Sharjah Chamber of Commerce and Industry reaches record 66,000 registered members by end of Q1 2017
  • Majid Al Qasimi inaugurates "Ramadan Nights’ Exhibition" at Expo Centre Sharjah
  • Sharjah Ramadan Draws Bring Happiness to Daily Winners
  • Higher Colleges of Technology and Sharjah Chamber Cooperate to Support Students’ Enterprises
  • Sharjah Chamber Invites Private Sector to the 2nd Edition of the Sharjah Economic Excellence Award (ShjSEEN)
  • Sharjah Chamber of Commerce and Industry Invites Retail Companies to Take Part in 2017 Ramadan Festival
  • Sharjah Chamber Honors its Outstanding Employees
  • Sharjah Chamber of Commerce and Industry a Strategic Partner for International Government Communication Forum
  • Khaled bin Butti Honors Winners of Sharjah Chamber’s Award for Innovators in its First Edition
  • Sharjah University Holds Second Edition of Innovation and Entrepreneurship Forum
  • Acres Middle East Set to Launch March 21st Under Patronage of Sharjah’s Crown Prince
  • Sharjah Chamber Organizes Second Edition of the Leadership and Entrepreneurship Forum
  • Sharjah Chamber: Best Government Entity Contributor to Volunteer Work
  • Sharjah Chamber organises a tour to members of the diplomatic corps in the UAE
  • Sharjah Chamber Acknowledges the Approval of Implementing Its Strategy for the Next Five Years
  • Sharjah Chamber Acknowledges the Approval of Implementing Its Strategy for the Next Five Years
  • Sharjah Chamber Approves the Organization of the Third Edition of ACREs Middle East REAL ESTATE EXHIBITION & CONFERENCE This March
  • Federation of GCC Chambers Discusses Private Sector Challenges
  • Sharjah Crown Prince Meets Chairman of shj.Seen Board of Trustees
  • Sharjah Chamber, “ShjSEEN” Honour Winners of Sharjah Economic Excellence Network Award 2016
  • Sharjah Chamber of Commerce and Industry discusses economic cooperation with Turkmenistan
  • Sharjah Chamber launches the “Diplomatic Business Breakfast” initiative to boost its international relationships
  • Sharjah Spring Promotions Kick Off Today (Thursday)
  • Sharjah Chamber Set to Launch Sharjah Spring Promotions 2017
  • Sharjah Chamber Initiates Strategy to Support Entrepreneurship and Innovation
  • Sharjah Chamber: We’re committed to promote Sharjah’s economic position
  • Sharjah Chamber of Commerce reviews investment opportunities with counterparts in Cuba, Mexico
  • Sharjah Chamber of Commerce and Industry hosts a major international conference on aviation, defence and space industries
  • Sharjah Crown Prince Inaugurates “Business on Wheels” Services for Sharjah Chamber
  • Flag Day
  • Sharjah Exports Development Center hosts Industrial Cooperation and Supply Chain Conference next month
  • Sharjah Chamber of Commerce and Industry buys Jawaher Al Qasimi's Coat for 100,000 Pounds Sterling
  • Sharjah Chamber workshop raises awareness of commercial fraud and counterfeiting
  • Sharjah Chamber of Commerce and Industry launches its new website
  • Sharjah Chamber, Sharjah Commerce & Tourism Development Authority sign “MOU” on Cooperation & Development
  • Al-Owais calls on business communities to explore investment opportunities in Portugal
  • Sharjah Chamber of Commerce and Industry wraps up preparations for GITEX 2016
  • Sharjah Chamber of Commerce & Industry completes merging and unifying databases with Expo Centre

Sharjah Chamber Holds Workshop on Commercial Insurance

http://www.sharjah.gov.ae:8081//Documents/News/غرفة الشارقة تعقد ورشة تعريفية حول التأمينات التجارية (1).jpg
image

Sharjah Chamber Holds Workshop on Commercial Insurance    04/11/2017

Sharjah Chamber of Commerce and Industry held on Monday a workshop introducing commercial insurance, in cooperation with the Insurance Authority, at the headquarters of Sharjah Chamber to spread awareness of insurance in the  commercial companies’ sector.  

The workshop was attended by HE Abdullah Sultan Al Oweis, Chairman of the board, HE Mohammad Ahmed Amin, Assistant Director General for the business sector, department directors and section heads, in addition to businessmen and representatives of commercial and industrial companies in Sharjah.

The workshop reviewed commercial insurance as protection for property and protection against insolvency, and as an aid to enter into large enterprises that provides necessary financing for economic enterprises as needed.

Federal Law No. 6 of 2007 on establishing the Insurance Authority was reviewed as a regulator for this sector and competition enhancer in the local market, supporting diversification of the economy to achieve comprehensive development. 

Directives and regulations issued by the insurance authority were reviewed, including the executive regulations for establishing the Authority, money laundering, financing terrorism, damage assessment  and instructing insurance companies, organizing insurance agents and instructing  insurance companies on financial matters. 

HE Mohammad Ahmed Amin of the Chamber’s business sector said on opening the workshop: “ Sharjah emirate, with the wise leadership of HH Sheikh Dr. Sultan bin Mohammad Al Qassimi, Supreme Council Member and Ruler of Sharjah, has been at the forefront in supporting investors and businessmen and protecting their right to insurance and investment and educating them on their rights and duties in line with the laws and legislation of the emirate.”  

Amin continued: “This workshop embodies efforts made by the Chamber to hold legal and educational forums, providing an economic and investment environment that serves the economic sector in the emirate, as this workshop aims to specify the procedure for insurance that safeguards all parties’ rights and obligations and contributes to the sustainability of growth of companies and factories.”

On his part Maher Afanah, financial expert at the Insurance Authority, thanked Sharjah Chamber for hosting this workshop in order to achieve clear legal and technical principles and financial stability through internal work as well as such useful meetings.  

Afanah stressed that “the Insurance Authority aims to regulate and supervise the insurance sector and develop insurance services and nationalize job vacancies in the insurance market, as the authority has made tangible achievements on these fronts,” and added “the Authority will enhance its role in developing the local insurance sector and widen its initiatives in legislation and creating partnerships to serve the national economy and enhance the role being played by the insurance sector in  economic diversification.” 

It is worth the mention that the Emirati insurance market is the biggest in volume of insurance premiums achieved among the GCC countries and the region as these have reached Dh37 billion, and investment made by local insurance companies have reached Dh40 billion.

 

 

POST YOUR COMMENT