CBB and BIA launch Insurance Awareness Week
- Bahrain: Wednesday, March 20 - 2013 at 14:35
- PRESS RELEASE
Under the patronage of the Central Bank of Bahrain, Bahrain Insurance Association (BIA) is celebrating the Annual Insurance Day with a weeklong campaign from 21st to 27th March.
Complementing this awareness week will be BIA's new media campaign to educate everyone about the benefits of various insurance products. The campaign is centered on a lifeline concept that illustrates the journey that everyone undertakes during his or her lifetime. The lifeline features a number of stages in life such as birth, education, career, travel, family, retirement, etc., where a suitable insurance product can make a positive change.
The centrepiece of the awareness campaign will be an engaging public event, which will be held from 21st to 24th March at Bahrain City Centre. The event provides mall visitors an opportunity to be portrayed in various phases of life and capture interesting moments. The event will also be a launch pad for the insurance industry's new and aptly named brand mascot 'Amna', which means safety and peace in Arabic. Amna is an affable, friendly and trustworthy character sporting traditional Bahraini attire.
Announcing the campaign, Mr. Younis Jamal, Chairman of the BIA, said, "The perception of insurance has changed largely over the years from protection against life's unfortunate events to investments that support life's dreams and aspirations. We want to capitalise on this by educating the public about the advantages of having insurance products that suit everyone's lifestyle needs. The Insurance Awareness Week is a critical step in this direction."
BIA is promoting the awareness week in association with the Central Bank of Bahrain, the regulatory body responsible for devising monetary policies and systems to maintain Bahrain's credibility as an international financial centre.
"Committed to the development of Bahrain's economy in general, CBB extends its full support to BIA's initiatives in promoting the insurance sector. There is a huge potential market for innovative insurance products and by creating awareness of available products, insurance companies can boost their business prospects greatly. In association with BIA, we are bringing together the companies of the insurance sector to cooperate constructively to the benefit of the sector and the public." said Mr. Abdul Rahman M. Al-Baker, Executive Director - Financial Institutions Supervision at CBB.
BIA officials are optimistic about the growth of Bahrain's insurance sector and full of praise for CBB's initiatives and policies to promote Bahrain as a regional financial hub, especially for insurance services.
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