DIFC’s position as region’s reinsurance hub reconfirmed

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Updated 10 June 2020

DIFC’s position as region’s reinsurance hub reconfirmed

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced sustained performance in the reinsurance sector.

The sector grew by 17.4 percent in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the center’s position as the leading reinsurance hub in the region. The DIFC confirmed that gross written premiums (GWP) for Q1 2020 reached $472 million, on par with the same period during Q1 2019, reflecting continued industry stability and resilience.

The premiums cover different areas including marine, aviation, transport, health, property damage and liability, alongside other sectors. DIFC is now home to more than 100 registered insurance, reinsurance, captive firms and insurance-related entities serving the market, including three of the top five global insurance companies. 

The center has attracted global companies including Munich Re, Lloyd’s, Berkshire Hathaway Specialty, RGA, Korean Re, AIG, Zurich, Marsh, and AON.


Signify expands UV-C disinfection portfolio to meet demand

Updated 51 min 57 sec ago

Signify expands UV-C disinfection portfolio to meet demand

Signify, a global professional and consumer lighting brand, is increasing its UV-C lighting production capacity and expanding its UV-C product portfolio. The company is leveraging more than 35 years of expertise in UV-C lighting to address the growing global need for the disinfection of air, surfaces and objects. 

“By increasing capacity and broadening the UV-C portfolio, Signify is helping keep people safe in a world that’s adjusting to a new normal,” the company said.

Its UV-C lighting is well-proven and trusted as an effective disinfectant. This was recently validated in a laboratory test by Boston University, showing that Signify’s UV-C light sources inactivate the virus that causes COVID-19 in a matter of seconds. This is crucial as it comes at a time when organizations are seeking ways to continue operations and provide service in a safe environment.

Signify’s new UV-C product range includes luminaires and chambers for a wide variety of professional applications. “We have introduced 12 families of UV-C lighting fixtures specifically designed to disinfect air, surfaces and objects. These products target different customer segments ranging from offices, schools, gyms, retail stores, warehouses, as well as on public transport,” said Harsh Chitale, leader of Signify’s Digital Solutions division. 

Part of the range are UV-C fixtures that are ideal for the deep disinfection of surfaces in offices, schools and restrooms. They are equipped with sensors and controls to ensure that they only operate when people and animals are not present. Other products include mobile, freestanding UV-C luminaires that can be wheeled into a hotel room or used to disinfect surfaces on public transport such as buses and trains. 

For the disinfection of objects, Signify launched a range of safe and quick-to-use UV-C disinfection chambers. These chambers are used in offices and municipal buildings to disinfect visitor tags, phones, bags, laptops and wallets in a matter of seconds. In stores they are ideal for disinfecting returned items, glasses or clothes tried on in a changing room. 

UV-C fixtures can also be used inside surface disinfection tunnels. In North America, a large retailer is piloting a UV-C tunnel for disinfecting shopping trolleys. In India, a hotel plans to use a Signify UV-C tunnel for disinfecting guests’ bags at check-in. 

To complement its portfolio, Signify recently acquired the assets of Germicidal Lamps & Applications (GLA), a small, Netherlands-based company with extensive expertise in UV-C disinfection solutions. The deal includes GLA’s upper-room UV-C air disinfection portfolio as well as deep application knowledge. 

“The assets and know-how acquired from GLA will help us to accelerate the development of our roadmap of UV-C based upper-room air disinfection systems. We plan to make these products available across the world soon,” said Paul Peeters, leader of Signify’s Digital Solutions Europe.

The upper-room air disinfection luminaires can be used with people in the room, as they are installed at a height which, in combination with shielding and optics, prevents exposure to the UV-C light source. Air in the upper part of the room is constantly disinfected using UV-C irradiation and natural convection of airflow in the room. This makes these perfect for use in schools, offices, gyms, retail outlets and other high-contact areas.