Maritime insurance segment role highlighted

The Dubai Maritime City Authority (DMCA) has emphasised a new Dubai’s pioneering experience in maritime insurance as it shed light on some of the major local insurance services designed to ensure safe navigation, support maritime operational efficiency and security, and help transform the emirate into one of the best maritime capitals in the world.

Hamed Hassan, Director for Registration and Licensing, DMCA said, “A comprehensive insurance coverage is one of the major pillars of the growth and sustainability of a maritime sector. We are keen towards adopting an integrated porfolio of insurance services that have been developed to meet the needs of the maritime sector, investors, owners and operators of international ships—ensuring their protection and coverage in case of an accident or an emergency situation.”

Hassan added, “We are very interested in marine insurance services, especially that it represents a strong boost to our efforts to enhance the competitiveness and sophistication of the local maritime cluster on a global level and serves the national direction towards economic diversification. We look forward towards atracting more marine investments and taking advantage of the benefits that Dubai offers as the emirate is recognized as one of the world’s most atractive marine destinations. The move is in line with Dubai Plan 2021 and its plan to transform the emirate into a major hub for the global economy.”