The Innovation Festival, organized by the Insurance Authority, was launched on Friday,23th February, 2018 in Umm Al Emarat Park, where there was a high turnout and presence of the public and the Authority's partners.
The festival has included a number of events that cater for the segments of the society of all ages and includes new initiatives that reflect the growing importance of the role of innovation in the insurance sector.
H.E. Ebrahim Al Zaabi, The Director General of the Insurance Authority, emphasized that the Entertainment Innovation Festival has its importance in light of the national approaches to make innovation a pivot towards takeoffs based on modern science and knowledge .He pointed out that the festival translated the aspirations of the UAE and the vision of our wise leadership in shedding light on Innovation in its broad and comprehensive concept and devoting efforts to employ it in the various aspects of life. He clarified that the Insurance Authority takes such events and gathering as a platform for the community to think creatively and make innovation a lifestyle and orientation of their various stages of life.
In the same context, the Insurance Authority honored the winning insurance company of the best insurance product, where Al Fujairah National Insurance Company won the first place, Orient Insurance Company in the second place, and Arabian Scandinavian Insurance company (PLC)- Takaful _ ASCANA Insurance in the third place. This awarding had a positive impact on the competitiveness of insurance companies by providing their best insurance services for the development of the UAE insurance sector.
The festival also witnessed the presence of Major-General Sheikh Saeed Bin Hamdan Bin Mohammad, Commander of the UAE Navy, who toured the entire festival in the park and checked the various events and participation of other entities from the public and private sectors. He praised the idea of the festival and the turnout of the audience.
It is worth mentioning that the Entertainment Innovation Festival concluded its activities the same day and this year was characterized by the diversity and multiplicity of its activities and the innovative presentation way that was in an innovative educational framework that resulted in a wide turnout of UAE Nationals, residents and visitors.