Ernst & Young

Ernst and Young announces its participation in 28th General Arab Insurance Conference

Ernst and Young announced its participation in the 28th General Arab Insurance Conference as gold sponsor. The conference, which was hosted in Jordan and was organized by the Jordan Insurance Federation in cooperation with the General Arab Insurance Federation, was held between the 17th and the 19th of May 2010 at the King Hussein Bin Talal Convention Centre in the Dead Sea.

The conference was attended by over 1,500 participants representing large local, regional and international organization operating in the insurance and reinsurance sectors, in addition to a number of prominent figures investments, brokerage, Third Party Administrators (TPA), loss adjustors and lawyers.

Participation in this important international event stems from Ernst & Young's interest in providing its economic insights, especially with regards to the insurance sector, by discussing the most recent insurance practices, regulatory issues related to risk management and the Solvency II indicator, in addition to other operations and financial reporting practices. Ernst & Young shed light on how its extensive know-how in the insurance sector will help in the provision of better insurance and risk management services to its clients around the world.

Commenting on Ernst & Young's sponsorship of the conference, Mr. Bishr Baker, Managing Partner at Ernst & Young, said:

"This conference is one of the largest taking place in the Middle East that brings together notable economists and insurance experts. The financial crisis has undoubtedly impacted the sector, giving new meaning to the concept of liability, and so it is time to put forward strategies for companies to follow in order to maintain stability in the market. This conference is an ideal venue for us to discuss the future of this vibrant sector, and Ernst & Young is continuously interested in communicating with experts in different fields in a manner that adds value to the services we offer and is at par with the expectations of all those we work with."