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Ministry of Education > The Official Website of the Ministry of Education > Media Center > Archive > MOHESR > News > The College of Law’s Twenty Second International Annual Conference starts at UAE University
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The College of Law’s Twenty Second International Annual Conference starts at UAE University

 
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The Twenty Second International Annual Conference, for the College of Law starts on (13-14) of May (2014), at the UAE University, under the title: Legal Aspects of Insurance and its Contemporary Trends.

The Conference seeks in its twenty second edition to achieve a number of goals such as: to have an overview on the latest developments in insurance, address legal problems raised by insurance, urge researchers to focus on the subject of insurance, focus on mutual insurance, raise legal awareness on the importance of insurance for the community, lessons learned from developed countries on the subject of insurance, review and assess federal and local legislations in the UAE on insurance, and address the problems of insurance against natural disasters and pollution.

The Conference also addresses a number of topics including: insurance and consumer protection, the insurance against the risks of nature and modern technology, the control and responsibility for the insurance business, the insurance against the risk of maritime and land transport, modern types of insurance, health insurance.

The conference’s 8 workshops are distributed over two days, where the first day workshops tackle three issues through 12 papers: insurance and consumer protection, the insurance against the risks of nature and modern technique.

The second day of the conference discusses 16 papers, the attendees will address four basic issues: the insurance against the risk of maritime and land transport, modern types of insurance, health insurance, Takaful Insurance in Shari'ah, Takaful Insurance in Law.

 

The College of Law continues its annual conferences uninterrupted, as it seeks to promote openness to the community and address its contemporary legal issues in an increasingly complex environment as a result of the continuous and sustainable development in the UAE.

The issues of insurance against risks of all kinds constitute recurring issues, especially by new forms of insurance that emerge almost every day, such as the risk insurance and the use of electronic/digital system and insurance against environmental pollution, and natural disasters that increase on daily basis. In fact, in the UAE there are local and international companies which cover risks in all forms including compulsory insurance, life insurance, and liability insurance for damages.

The number of companies operating in the UAE reached sixty-one companies, including 34 national insurance companies, 27 foreign companies, among them 11 national companies that work in the field of insuring individuals, capital, and property, and 2 foreign companies working within the same field, the rest of the national and foreign companies operate in property insurance and liability insurance.

The total funds invested in the insurance industry in the UAE in 2011, amounts to 25.6 billion Dirhams divided into 45.2% in stocks and 34.6% in deposits.  Where shareholders' equity in the national insurance companies amounted to 14.01 billion Dirhams, and technical provisions of all branches of insurance amounted to 14.9 billion Dirhams.

5/6/2014

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