Monday, April 15, 2024
HomeBusinessAIAI and Risk Exchange Forge Strategic Partnership to Boost Economic Development

AIAI and Risk Exchange Forge Strategic Partnership to Boost Economic Development

Ranchi EW News: The All India Association of Industries (AIAI) and Risk Exchange (DFC) Limited have signed a Memorandum of Understanding (MOU) to strengthen their collaboration in enhancing investment opportunities and trade in various geographical areas. Dr. Vijay Kalantry, Chairman of AIAI, and Dr. AFTAB Hasan, Chairman of Risk Exchange, jointly signed the MOU with the aim of developing robust commercial relations between organizations. This strategic partnership aims to facilitate top-level reinsurance services for international projects in India, fostering mutual economic objectives. AIAI, established in 1956, plays a vital role in advancing entrepreneurship and facilitating industrial development in India, representing over 50,000 industries through its 1500 members and affiliates. Meanwhile, Risk Exchange Limited operates as a leading entity in the Middle East, Africa, and the Indian subcontinent under the Dubai Financial Services Authority (DFSA) law, specializing in insurance and reinsurance brokerage services. Dr. Vijay Kalantry expressed confidence that this partnership with Risk Exchange would prove to be a significant milestone in our efforts to enhance economic development and create impactful opportunities in the global reinsurance market. He highlighted that our diverse business sectors are encompassed in the reinsurance services spectrum. Dr. AFTAB Hasan of Risk Exchange emphasized the strategic alliance’s potential for mutual growth and success by supporting member companies’ reinsurance needs through various activities. He stated that this partnership will enable Risk Exchange to better serve significant Indian risks worldwide, leveraging its solid expertise and experience in the reinsurance market across the Middle East, Africa, and the Indian subcontinent.

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