A seminar on insurance [Archives:2004/738/Community]

By Bassam al-Saqqaf
For the Yemen Times
Monday, 10 May 2004- Under the auspice of Dr. Saleh Basarah, President of Sana'a University, and within the frame of activities being held on the occasion of Sana'a, the Arab Cultural Capital 2004, the Faculty of Commerce and Economic held a seminar on insurance.
Student Ahmed Al-Haime, in the first working paper dealing with the development of insurance in Yemen, reviewed the inception of insurance in Yemen, the development phases and the sources of its growth. The student buttressed his paper with enclosed questionnaires and precise statistics about the size of the Yemeni insurance market and share of each insurance company working in Yemen until 2001.
Student Ghada Al-Amary, in her working paper, highlighted Yemeni legislations covering insurance and the amendments to Yemeni laws in recent years and briefly explained various judicial opinions.
The seminar was concluded with a working paper presented by Mr. Abdulwasa Al-Saqqaf, Representative of the United Insurance Co. under the title, “The United Insurance Co. experiment and obtaining an ISO Certificate”. Mr. Al-Saqqaf talked about the foundation of the company in 1981 and how it has been able to achieve persistent growth and to compete progressively to accomplish an apparent pioneering status among insurance companies.
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