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The Insurance Association of the Caribbean (IAC) Inc. is a non-profit organisation dedicated to the promotion and growth of the Caribbean Insurance Industry through RESEARCH, EDUCATION and ADVOCACY The Insurance Association of the Caribbean (IAC) was the “brainchild” of a small group of regional visionaries who recognized the need for the preparation of the indigenous insurance industry for the future challenges of the remaining century. The Association has more than 70 members operating in various types of insurance sectors regionally and internationally. The membership is mainly broken down into Life, Non-Life and Insurance Brokerage. We endeavour to harmonize regulatory and insurance laws while lobbying for the strengthening of Caribbean companies operating within the region. We also seek to develop and provide educational and training opportunities, gather and collate regional statistics and to promote regional reinsurance consultation. Additionally, the association provides a forum for the meeting of IAC members, Caribbean insurance regulatory authorities, insurance educational institutions and other special groups with interest in the Caribbean region.

The Insurance Authority (IA) was established under the Federal Law No. 6 of 2007 with a legal personality and financial and administrative independence. The Federal Law No. 6, which came into force as from 28.08.2007, entrusted the Authority to regulate and supervise the insurance sector in the United Arab Emirates in order to ensure the provision of a favorable climate for its development and promote the role of the insurance industry to indemnify persons, property and liabilities against risks to ultimately protect the national economy; accumulate and grow national savings and invest them to support the economic development in the UAE; encourage fair and effective competition; provide the best insurance services with appropriate coverage at affordable rates, and achieve job Emiratization in the UAE insurance market.