The Association of Reinsurance (ADGM) [ARIA] has been officially launched within the ADGM, the international financial centre of Abu Dhabi.
This landmark initiative represents a major step forward in building a strong, collaborative, and future-ready (re)insurance ecosystem that supports the strategic ambitions of Abu Dhabi, ADGM, and the UAE.
ARIA was established with the strong support and guidance of the Financial Services Regulatory Authority (FSRA) of ADGM. ARIA aims to elevate the role of (re)insurance in the region by fostering dialogue, promoting industry standards, and driving innovation in line with UAE Vision 2031 and Abu Dhabi Economic Vision 2030.
ARIA’s core mandate includes:
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Representing and promoting the interests of the (re)insurance sector within ADGM, Abu Dhabi, and the UAE.
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Supporting the development of a transparent, resilient, and globally competitive (re)insurance market.
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Acting as a platform for knowledge-sharing, professional development, and strategic collaboration across the industry.
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Aligning the industry’s growth with national goals for economic diversification, financial services excellence, and risk management leadership.
“This is a transformative moment for the (re)insurance industry in the UAE and the wider region,” said the founding members of the Association.
“The establishment of the Association within ADGM reflects both the maturity and the future potential of our market. With the strong backing of ADGM and its regulator FSRA, we are creating a unified voice and a collaborative platform that will shape the future of (re)insurance in the region.”
ARIA will engage in advocacy, education, market development, and thought leadership, serving as a bridge between regulators, market participants, and global stakeholders. It will also champion the ADGM’s ambition to become a regional hub for insurance and reinsurance excellence, further strengthening the resilience and attractiveness of the local financial ecosystem.
This initiative represents a historical first for the ADGM. By institutionalising collaboration across (re)insurance players and fostering industry-wide dialogue, ARIA aims to catalyze innovation, attract investment, and build a knowledge-based economy.
The founding members include Ms Afroditi Boura; Mr Oussama Kaissi; Abu Dhabi Reinsurance Company; Fidelis Opco and AON Management Services (Middle East).
In December 2024, ADGM announced the establishment of the Association within its jurisdiction, saying that the trade body will play a pivotal role in fostering collaboration among key stakeholders, advancing professional standards, and promoting best practices within the insurance industry. It will serve as a collective voice for the sector, engaging with regulators, policymakers, and industry leaders to address emerging challenges and opportunities while ensuring alignment with the ADGM's mandate and the UAE’s economic and financial development goals.