31 October 2006 — DFSA to host 2010 IAIS Annual Conference in Dubai

Dubai, UAE, October 31, 2006: The DFSA today announced it had been successful in its bid to host the 2010 International Association of Insurance Supervisors (IAIS) Annual Conference in Dubai. The announcement was made during the IAIS’s Annual General Meeting, following the 2006 Annual Conference in Beijing, China.

The Annual Conference in 2010 will be preceded by the October round of Triannual Meetings, also to be hosted by the DFSA in Dubai. The IAIS represents insurance regulators and supervisors of some 180 jurisdictions in more than 130 countries, constituting 97 per cent of the world's insurance premiums.

The Annual Conference is the most prestigious event in the IAIS calendar and provides a unique opportunity for participants to exchange views on global trends and regulatory challenges and initiatives.

The event will attract some 800 of the world’s leading supervisors and market practitioners to Dubai. The DFSA has already announced it will host the IAIS Triannual Meetings in Dubai in February 2007 and the Emerging Markets Committee of the International Organisation of Securities Commissions (IOSCO) in November 2007.

DFSA Chief Executive, Mr David Knott, said: “We are delighted that the DFSA has been invited to host the IAIS’s most prestigious event in Dubai and to add this to our calendar of events which includes the IAIS Triannual, and IOSCO Emerging Markets Committee meetings in 2007.

“These events provide an opportunity to showcase Dubai, and for the DFSA to fully brief these important policy makers on the progress of regulatory developments within the UAE and, in particular, the DFSA’s successful application of international standards within the DIFC”