More than 300 insurance industry leaders and corporates are taking part in the Gulf region's first professional liability insurance summit which opened today (October 21) in Bahrain.

The event is being hosted by General Arab Insurance Federation (GAIF), in association with the Bahrain Insurance Association (BIA)

The Professional Liability Insurance Forum will address issues related to professional indemnity, bankers blanket bonds, political violence and medical malpractice, said the event organisers FinMark Communications.

The two-day event is being held under the patronage of the Central Bank of Bahrain (CBB) and in co-operation with the Bahrain Economic Development Board, the event's strategic partner, Al Baraka Banking Group, the event's Banking Sponsor, and with the support of Tamkeen.

It will engage business leaders in a high level discussion on professional liability risk across industry sectors and the innovative solutions available for mitigating and managing them in today’s increasingly challenging business and economic climate.

In particular, the forum will look at the in-depth needs of a number of select professions including banking, finance, the medical field and various other professional services.

As a leading regional hub for financial services including the insurance industry, Bahrain serves as the ideal location from and to which the Forum expects to attract several leading industry experts.

These include members of GIAF as well as decision makers from leading insurers, financial institutions and corporates across the GCC, broader Mena region and South Africa, it added.-TradeArabia News Service