A range of insurance products are being developed to safeguard Expo 2020 site, operations and pavilions
A range of insurance products are being developed to safeguard Expo 2020 Dubai's site and operations, pavilions and even drones, thanks to a new partnership with Orient Insurance.
As the Official Insurance Provider for Expo 2020's site and operations, Orient Insurance said it will create insurance solutions that meet the event's unique requirements.
The two organisations will also use the partnership to develop products for emerging technologies such as driverless and flying vehicles, in line with Expo's commitment to embrace innovation, a statement said.
Owned by Dubai-based family conglomerate Al-Futtaim Group, Orient Insurance will offer services through a digital platform to more than 200 Expo 2020 participants, including businesses, multilateral organisations, non-government organisations, educational institutions and more than 180 nations.
The company said its innovative insurance products also have the potential to boost efficiency, improve pricing, reduce bureaucracy and combat fraud for consumers across the UAE and beyond.
Reem Al Hashimy, UAE Minister of State for International Cooperation and director general, Dubai Expo 2020 Bureau, said: "We aim to deliver one of the most innovative World Expos in history, which is why we are delighted to join forces with Orient Insurance."
Omar Al Futtaim, vice chairman and CEO, Al-Futtaim Group, added: "Providing insurance for a global destination on the scale of a World Expo is a major undertaking, but we are confident we have the skills and experience to deliver an exceptional service."
Orient Insurance will provide property insurance for the Expo site's iconic architecture, plus liability coverage to safeguard participants' investments as the UAE prepares to welcome the world in 2020.
Expo 2020 Dubai expects to attract 25 million visits between October 2020 and April 2021, and 70 percent of its visitors are projected to come from outside the UAE - the largest proportion of international visitors in the 167-year history of World Expos.
More than 180 countries are expected to participate, and each one will have its own pavilion - another World Expo first.