Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organizations in the region, announced that it has held today an educational seminar in the UAE titled “Property Insurance and Risk Management”.
Set to address how insurance can help property developers protect their capital by preventing business loss, the seminar brought together world renowned reinsurers and distinguished loss adjusters and loss prevention consultants to talk about emerging property risks.
“The quest for UAE developers to continuously build innovative structures has introduced new risks and challenges in property insurance,” said Abdul Muttaleb Al Jaedi, Managing Director & Chief Executive Officer, Union Insurance Company. “We aim through this seminar to provide an open environment for exchanging knowledge and sharing best practices for mitigating property related risks and preventing loss.”
The seminar addressed how shape, area, design, size, material used and height are all factors that impact the type and nature of potential risk exposure. And as the market witnessed recently, developers can lose income, company reputation and market share when unfortunate events take place.
“We are always looking for ways to add value to our clients and educational seminars help clients revisit their risk management strategies to ensure no financial losses are sustained and that they have adequately protected their business against eventualities,” said Usman Khadmi, President of General Insurance, Union Insurance Company.
About Union Insurance Company
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Insurance Authority and has a paid up capital of AED 330.9 million.
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