Zurich International Life (Zurich) will be one of the key supporters of the annual Arab Household Savings Conference that is taking place this week in Bahrain.

The event is attracting 33 speakers from heads and officials of digital banks, asset managers, insurance companies, wealth management providers, fintech businesses, financial analysts, and global economic institutions.

The conference sessions focus on the importance of financial resilience, the need to save and the best vehicles for both household savings and employee savings and asset accumulation.

Zurich has signed a sponsorship agreement with Fintech Robos, the organisers of savings and pension conferences in the Mena region.

Zurich is a key provider of workplace savings solutions and the plan administrator for the DIFC Employee Workplace Savings (DEWS) scheme through its subsidiary Zurich Workplace Solutions (ZWS). They cover the end-to-end administration of the DEWS plan right from awareness and education to onboarding, member management and withdrawals. To date, through its efforts, the DEWS plan has paid out over AED100m to 4,000+ employees, demonstrating that the plan is meeting its core objectives of ensuring employee protection and financial wellbeing.

ZWS delivers an industry-leading customer experience through a great focus on technology adoption, operational excellence and most importantly customer centricity.

“Since the launch of DEWS at the start of 2020, there’s been a growing momentum for savings schemes and products in the GCC markets, as evidenced by the recent announcement by Dubai’s government of a savings scheme for foreign employees in government departments. There are also signs those similar arrangements are being planned in other GCC countries,” said Ebrahim K Ebrahim, CEO of Fintech Robos, the savings and pension thought leader.

The annual Arab Household Savings Conference is a one-of-a-kind event that addresses financial literacy, digital finance, savings, and investments across the Mena region.

Ebrahim said the event will explore the horizon for digital savings solutions that allow people in the Arab world to swiftly adapt a savings mindset.

“Alongside the annual Arab Pensions Conference, we hope the household savings conference will contribute to powering the lively discussion that we have started in recent years to address the importance of financial literacy, household financial planning and pension savings,” added Ebrahim. – TradeArabia News Service