Chartered Insurance Institute to establish first office in the Middle East at the Dubai International Financial Centre

    Dumped value of 'ID':
'72433';

Dumped value of 'images_loop':
[
    {
        'caption' => 'Dr. Omar Bin Sulaiman, Director General, Dubai International Financial Centre,  Fetooh Al Zayani, Head of Insurance and Reinsurance, Dubai International Financial Centre,  Dr Alexander Scott, Director General, Chartered Insurance Institute',
        'col' => 'picture',
        'name' => 'CII.jpg',
        'url' => '/8/19598-CII.jpg'
    }
];

Notes and media contacts

The Chartered Insurance Institute
Protecting the public by guiding the profession:
The CII, with nearly 90,000 members, is the largest professional body dedicated to the insurance, savings and financial services sectors in the world. It is dedicated to promoting higher standards of competence and integrity through the provision of relevant training and qualifications for employees at all levels and across all sectors of the industry.

Success in CII qualifications is universally recognised as a sign of commitment and professionalism.

The CII has been at the forefront in setting professional standards for the insurance industry for over a century. Its broad portfolio of education and qualification services is continually expanding to meet the changing requirements of companies and individuals across the financial services community.

Further information on the CII and its wide range of products and services can be found at www.cii.co.uk

About the DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.

In just over one year, more than a hundred top international institutions have joined the DIFC as members. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

The DIFC is made up of the following core bodies:
1. The DIFC Authority (DIFCA) - Responsible for the Companies and Security Registries and attracting financial as well as non-financial institutions to set up in the DIFC. (www.difc.ae)
2. The Dubai Financial Services Authority (DFSA) - An independent, unitary regulatory authority, responsible for the regulation of all DIFC operations. Its principle-based primary legislation is modelled on that used in London and New York, and its regulatory regime operates to standards that meet or exceed those in major financial centres. (www.dfsa.ae)
3. The Dubai International Financial Exchange (DIFX) - A liquid and transparent electronic market trading securities, bonds and derivatives, launched in September 2005, the DIFX eases access to regional and international investment opportunities and funds. (www.difx.ae )
4. The DIFC Courts - An independent court system set up to uphold the provisions of DIFC laws and regulations, the courts provide comprehensive legal redress in civil and commercial matters within the DIFC. The laws, enacted by His Highness Sheikh Maktoum bin Rashid Al Maktoum provide for a new court system designed especially for the DIFC and the sophisticated transactions that will be conducted within it.
• The law establishing the Judicial Authority at the DIFC creates and sets out the jurisdiction of the court and provides for a dispute resolution services, including arbitration and mediation, thus allowing for the independent administration of justice in the DIFC; and
• The DIFC Courts Law sets out the jurisdiction, powers, procedures, functions and administration of the court. ( www.difccourts.ae )

For further information contact:

Amira Abdulla
Tim Harrison/Lavina Chatterjee
PR Manager, DIFC
Asda'a Financial Practice
Tel: +971 4 362 2433 Tel: +971 4 335 5969

Mike Bartley
CII
Head of International Business Development
Tel: +44 20 7417 4403