Allied Insurance and CA Maldives partner to deliver enhanced member benefits

Allied Insurance and CA Maldives signed a Memorandum of Understanding (MoU) on Wednesday to foster collaboration in advancing the accounting profession and enhancing benefits available to CA Maldives members.

According to Allied, the partnership will focus on promoting professional development, knowledge-sharing, research, and initiatives that support ethical accounting practices, financial transparency, and the continued growth of the accounting and financial sectors in the Maldives.

As part of the agreement, Allied Insurance will support the growth of CA Maldives by encouraging eligible employees to become members of the professional body.

Both organizations will also collaborate on capacity-building initiatives, the exchange of expertise, and research projects relating to the Maldivian market.

The MoU further provides exclusive benefits for CA Maldives members, including preferential contribution rates and simplified documentation requirements for Professional Indemnity Takaful coverage required for licensing purposes. CA Maldives members and permanent staff will also have access to Group Health Takaful and Group Term Life Takaful coverage on preferential terms and conditions, subject to applicable policy requirements.

According to Allied, this partnership reflects the shared commitment of Allied Insurance and CA Maldives to supporting professional excellence, strengthening industry standards, and contributing to the development of a more resilient and transparent financial sector in the Maldives.