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Milliman Registers Unit at DIFC to Serve Region
DUBAI - Milliman Incorporated announced recently that it has registered an office at the Dubai International Financial Centre, or DIFC, to serve the Middle East, Africa and South Asia region.
The American-based firm offers a broad range of actuarial services. It brings its expertise with the aim to assist regional financial institutions and insurance companies in providing innovative products that simultaneously manage both investment and longevity risk.
“Milliman joins a long list of leading global institutions that have made the DIFC their home since we opened and we welcome them and offer all support to ensure their success in doing business in the region,” said DIFC Governor Dr Omar bin Sulaiman in welcoming Milliman.
“Africa, Middle East, the Gulf and the Subcontinent region is bubbling with energy and vibrancy despite the ongoing global crisis and is poised to come out of it sooner and in better shape. This is evident in the shift of global commerce towards the East. It is a good time to focus on this region and we are sure that with the global expertise that Milliman possesses, it will do excellently and add value to the region,” Dr bin Sulaiman added.
“Milliman’s wide range of talents and global experience are ideally suited to meeting client needs in the Middle East, Africa and South Asia. We will respond to the growing demand for customised solutions in the insurance and financial services areas,” said Debo Ajayi, Managing Consultant and Director of Milliman in Dubai.
Milliman recently hosted a seminar on investment guarantees in Dubai entitled “Investment Guarantees: Managing Risk in Challenging Markets,” which tackled the current state of the industry.
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