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Having been in the market for the last 20 years, Chedid Re Dubai’s brand mantra is linked to long-term commitment and excellence.

Since Chedid Re established itself in Dubai, how have regulatory frameworks evolved?

The UAE insurance sector has witnessed impressive growth over the last decade. This growth attracted many investors and many international players opened their appetite to position themselves in Dubai, hoping to secure their part of the cake. This has resulted in an increasing level of competition that drove margins down despite the market growth. This phenomenon is normal for any business cycle. It is also normal for companies to start thinking about consolidation. It is internationally recognized that for a consolidation process to take place, regulators should grant initiatives, and we expect to see an initiative should the regulator feel the timing is appropriate for consolidation. As far as Chedid Re's activity is concerned, it has gone through a considerable development related to governance and compliance. The insurance authority took the appropriate measures that impacted positively the industry in line with the accepted international practice and standards

“As far as Chedid Re is concerned, human capital is a rare value, which is why we invest heavily in training and education.”

The nature of our business depends highly on the quality of the people. As far as Chedid Re is concerned, human capital is a rare value, which is why we invest heavily in trainings and education, whether internal or external. When we talk about the best example of Chedid Re, we think about our values more clearly investing in our education.

Are there any sectors that you would like to focus on in the short term?

Having been in the market for the last 20 years, our brand mantra is linked to longterm commitment and excellence. Therefore, short-term opportunities are not in line with our corporate strategy.