AWRISAustralian Water Resources Information System
AWRISArab War Risks Insurance Syndicate (est. 1980)
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"We are pleased that AWRIS has shown improved profits despite the challenges we face in the Arab and international insurance markets," he added.
Mr Bseisu said that increase in members' confidence in AWRIS was reflected in an increase in membership, which has gone up to 178.
Doha Insurance chief executive officer, Bassam Hussein, has been elected to the technical committee of Arab War Risks Insurance Syndicate (AWRIS), which is based in Bahrain.
Hussein is the only person from Qatar elected to the nine-member technical committee of AWRIS.
The announcement was made during the Awris annual general meeting where the new members of Awris technical committee were elected.
'Awris funds increased by $10.3 million to $126.9 million in 2010 and insurance profit went up from $13.3 million to $13.6 million,' said Bseisu.
AWRIS was established in 1980 with membership of 27 companies from seven Arab countries including Iraq, Kuwait, Qatar, Bahrain, the UAE, Saudi Arabia and Oman.
Al Saleh praised AWRIS's role, which is headquartered in Bahrain, at providing specialised insurance coverage for the Arab region and affirmed the Kingdom of Bahrain's keenness on encouraging all economic activities, including the insurance sector.
"During 2013, AWRIS' funds have increased to $156m compared with $144m in the previous year," Mr Bseisu said.
Mr Bseisu also commended the members' confidence in AWRIS' performance which is reflected in the increase of its members to 170 companies from across the Arab world.
The office was opened by Central Bank of Bahrain Governor Rasheed Al Maraj, accompanied by Awris technical committee president Ashraf Bseisu.
"AWRIS funds increased by $10.3m to $126.9m in 2010 and insurance profit went up from $13.3m to $13.6m" said Mr Bseisu.