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Dubai World Insurance Summit: A Catalyst for Nepali Insurance?

The Dubai World Insurance Summit: A Catalyst for Nepali Insurance?

Dubai World Insurance Congress (DWIC) has become a global phenomenon, transforming the way the insurance industry connects. Launched in 2017, DWIC has witnessed a surprising growth, attracting over 1,200 delegates in 2023. This prestigious event facilitates exceptional networking and thought leadership, making it a cornerstone for business development within the global insurance landscape.

Held annually in February/April, DWIC attracts a prestigious audience of senior executives of insurance, reinsurance, brokers, insurance intermediatory and insured. This year, the summit elevates the experience further by relocating to the iconic Atlantis, The Palm.

But with a rapidly evolving global market, is DWIC relevant for Nepali insurance professionals? The answer is a big YES. Here’s why:

  • Gateway to Global Expertise: Imagine building connections with a diverse pool of international reinsurance professionals at DWIC. This opens doors to innovative (re)insurance solutions, perfectly tailored to address the specific needs of the Nepali clients. The 2023 summit included participation from over 40 countries, providing wider access to a global network.
  • Knowledge Advantage: DWIC is a platform where renowned experts share their insights on the ever-evolving global (re)insurance landscape. You can gain firsthand knowledge of the latest trends and challenges to strengthen Nepal’s insurance sector. A 2023 industry report highlights the growing demand for global cyber and climate risk solutions.
  • Building Bridges, Building Strength: DWIC fosters a vibrant networking environment. Past DWIC attendees reported a significant increase in cross-border collaborations, highlighting the summit’s networking power. You can connect with international peers, exchange ideas, and gain a deeper understanding of the global (re)insurance ecosystem. And this newfound perspective can be instrumental in propelling the Nepali insurance market forward.
  • Nepal’s Unique Edge: DWIC equips you with fresh perspectives that can be effectively adapted to the Nepali context. You can leverage this global knowledge to propel the Nepali insurance industry forward while retaining its unique character. By understanding global trends, you can adapt effective solutions to address specific domestic risks, ultimately strengthening the domestic market.
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