The General Arab Insurance Federation (GAIF) and Fintech Robos, a Bahrain-based firm specialised in savings and pensions, have tied up to boost financial literacy, pension saving systems and actuarial business across Arab countries.

 

A partnership agreement was signed between GAIF and Fintech Robos, according to which the first became an official active partner in the three major annual events organised by the latter in Arab markets: the Arab Pension & Social Insurance Conference, Arab Savings & Financial Literacy Conference, and Arab Actuarial Conference. The agreement, which became effective on January 1, 2023, was signed by Shakib Abou Zaid, Secretary General of GAIF, and Ebrahim K Ebrahim, CEO of Fintech Robos.

 

The two parties will work together to enrich and expand these platforms over the coming years to increase institutional awareness within the financial industry on potential business opportunities and partnerships they will bring, as part of the continuous development of the Arab insurance markets.

 

Insurance industry

Zaid said GAIF seeks to develop the regional insurance industry and achieve economic integration between the insurance markets in the Arab world. “Hence, we are very pleased to work with like-minded institutions that share these visions with us in the Arab countries. Fintech Robos is certainly a key player in this space, and their platforms significantly complement the Arab financial industry and are moving in the right direction.”

 

Ebrahim said: “We are so proud to be partnering and working together with this highest regional Arab insurance authority in various fields, to further promote the development of the financial industry, particularly in actuarial business, pension savings systems, financial culture and financial inclusion across Arab societies.”-- TradeArabia News Service