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.
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