Lloyd’s, the world’s leading insurance marketplace has signed a Memorandum of Understanding (MoU) with DIFC Academy to develop future industry talent.
The MoU builds on a long-standing relationship between the firms, and will see a particular focus on the fast-growing Middle East region.
Designed to address the global challenge of talent development in insurance, the move will enhance the industry’s growth prospects within DIFC, which already hosts over 125 companies from the sector.
It will also expand Lloyd’s Academy’s educational reach in the region, enabling a talent pipeline for the insurance and reinsurance sectors.
The agreement includes organising events, educational bootcamps, and on-demand learning opportunities.
These initiatives aim to foster industry-wide education and support the pipeline of talent into the insurance sector, ensuring its long-term sustainability and success.
This is not the first partnership between DIFC and Lloyd’s. In 2019, the two organisations signed an MoU to upskill talent and enhance efficiency in the insurance sector across the Middle East.
Alya Al Zarouni, chief operating officer, DIFC Authority, said, “DIFC offers a world-class learning environment and guidance from renowned organisations to accelerate development of talent within the sector. We continue this legacy by expanding our existing relationship with Lloyd’s. This initiative enables us to further develop a burgeoning sector in DIFC, representing more than 125 companies. Together, we foster industry growth while shaping the future of finance.”
Dawn Miller, Lloyd’s Chief Commercial Officer and CEO of Lloyd’s Americas, said: “Collaboration and partnerships lay at the heart of Lloyd’s value proposition, and our market has stood the test of time because of the talented individuals and firms that continue to participate. The MOU between the Lloyd’s Academy and DIFC, to drive forward talent development and industry wide education is another step forward on this journey. I look forward to our continued work in the Middle East, and helping the development of a talent pipeline into the fast-growing region.”
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