About DWIC

Brought to you by Global Reinsurance and the Dubai International Financial Centre Authority (DIFC), the 7th annual Dubai World Insurance Congress (DWIC) continues to re-imagine the traditional conference to deliver unrivalled networking, business and thought leadership opportunities, all under one roof.

Global Reinsurance first came to the region in 2007, launching Multaqa Qatar.

What was new for 2024?
The event was moved from it’s traditional date in March so that it could respect the holy month of Ramadan and the period of Eid al-Fitr. And a brand new venue!

A record number of delegates attended DWIC this year. More than 1300 senior executives from 76 countries came together at the iconic Atlantis, The Palm. Over two days, more than 6,000 meetings took place.

 

DWIC 2024: ‘Climate crisis on everyone’s agenda’ – Lloyd’s deputy chair Vicky Carter
As temperatures across the globe continue to rise, the re/insurance industry must play a vital role in helping the green transition, says Vicky Carter, deputy chair of Lloyd’s and chairman, global capital solutions, international, Guy Carpenter.

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DWIC 2024: Insurers should be more consistent – QBE’s Horton
Insurance is more important than ever to help businesses manage escalating risks, Andrew Horton, group CEO of QBE, told DWIC 2024. However, to do this successfully, he argued that insurance companies should prioritise one of its key strengths: consistency.

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DWIC 2024: A record-breaking year for the DIFC
The Dubai International Financial Centre (DIFC) saw gross written premiums reach almost $2.6bn, says Alya Al Zarouni, chief operating officer at the DIFC Authority, opening keynote for DWIC 2024, which got underway in Dubai today.

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DWIC24: Phinsys wins Lloyd’s Lab ‘Dragons’ Den’ insurtech competition
Five graduate startups of the Lloyd’s Lab insurtech incubator made their pitches to DWIC 2024, grilled by questions from a panel that included Vicky Carter, deputy chair of Lloyd’s.

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DWIC 2024: Insurers need to focus on risk management and mitigation – Lloyd’s’ Mackinnon
The world is in a “manageable plateau of chaos”, says Chris Mackinnon, deputy regional director, Asia Pacific, Middle East & Africa, Lloyd’s, but insurers and reinsurers must adapt to help businesses survive.

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The place to do business

Since it’s launch in 2017, DWIC has focused on providing senior insurance executives with a platform to meet and do business. Working with brokers, insurers and reinsurers, DWIC 2024 has reinforced its position as the regional focal point for (re)insurance transactions.

Networking

As well as a great place to meet existing clients, DWIC offers attendees the opportunity to make new contacts. In 2024, DWIC saw more than 6,000 meetings pre-scheduled via the online Meeting Hub.

Learn

DWIC is a great place to share new ideas and international keynotes, Guy Carp Chair Vicky Carter and QBE Group CEO Andrew Horton, took to the main stage for the opening plenary session. DWIC2024 also hosted the Lloyd’s Lab Middle East cohort and a Turkish Market update. In addition, there were a series of topic-led c-suite roundtable discussions focused on Political Violence, MGAs, Property, Health and Takaful.

 

STAY INFORMED WITH GLOBAL REINSURANCE

Stay informed with Global Reinsurance

David Benyon, editor

TO SERVE A TRANSFORMING MARKET

So much about the reinsurance market is in flux right now, which is making it an exciting place to be, and adding to the need for insights, thought leadership and market intelligence. GR is changing, too, but it will continue to cover the big events, interviews and trends in this market, providing trusted news and insights for the sector.

Most obviously, there’s the market cycle, decisively turned at recent renewals, creating hard market conditions of rising rates, tighter wordings, and constrained capacity available for buyers. This keeps broker skills sharp and is providing great opportunities for underwriters. With higher attachments and reinsurers posting strong figures, the sector has some good performance prospects. Whether we see the search for profitable growth become an influx of capacity and new entrants, or the constraints of a sellers’ market continue, we’ve reached a fascinating juncture in 2024.

New challengers are already locking horns with traditional ways of doing things in this industry. This can mean new business hubs, such as in Dubai or Singapore, and new ways for startups to challenge the status quo, such as via insurtech-led MGAs that make use of state-of-the-art technology to underwrite in news ways, linking risk with capital more efficiently.

Then there’s the technological transformation, which can only accelerate due to the greater potential being unlocked by insurtech and emerging technologies, and artificial intelligence in particular, promising to unlock value and efficiency from everything from underwriting insights to managing claims and modelling emerging risks.

And, of course, there are the volatile risks themselves, continuing to create the uncertainty giving investors pause for thought, putting a premium on quality underwriting. The emerging risk landscape continues to shift, with extreme weather and climate change buffeting key markets like Florida and California, to geopolitical turmoil around the globe, to shadowy, less understood threats, such as systemic cyber risk.

GR is also tilting the ways it serves the re/insurance market. This means a couple of different things. Firstly, there will be more big interviews to provide comment from key figures in the sector, bringing personality, insight and fresh perspectives to this beguiling new market environment. We’ve been doing this through an expanded 2023 Annual Edition published for the Monte Carlo rendezvous and subsequent coverage, and will prioritise interview content with industry thought leaders in 2024.

GR will continue to provide the G of global coverage, and supplement this with increased onus on our key strength serving the Middle East, Africa and South Asia (MEASA). These markets need global as well as regional insights, and form the core constituency of our rapidly-expanding flagship event, the Dubai World insurance Congress (DWIC), which has grown to 1,200 delegates, as well as for our Global Executive Breakfast Roundtable, held in Monte Carlo in partnership with the Dubai International Financial Centre.

 

COUNTDOWN